Common use of Significant Agreements Clause in Contracts

Significant Agreements. AVE is not and will not at Closing be bound by any of the following other than where already disclosed in any other exhibit, unless specifically listed in Exhibit "I" hereto: (i) Employment, advisory or consulting contract; (ii) Plan providing for employee benefits of any nature; (iii) Lease with respect to any property or equipment; (iv) Contract or commitment for any future expenditure in excess of $1,000; (v) Contract or commitment pursuant to which it has assumed, guaranteed, endorsed, or otherwise become liable for any obligation of any other person, firm or organization; (vi) Contract, agreement, understanding, commitment or arrangement, other than in the normal course of business, not fully disclosed or set forth in this Agreement; (vii) Agreement with any person relating to the dividend, purchase or sale of securities, that has not been settled by the delivery or payment of securities when due, and which remains unsettled upon the date of this Agreement.

Significant Agreements. AVE GOLF is not and will not at Closing be bound by any of the following other than where already disclosed in any other exhibit, unless specifically listed in Exhibit "I" hereto: (i) Employment, advisory or consulting contract; (ii) Plan providing for employee benefits of any nature; (iii) Lease with respect to any property or equipment; (iv) Contract or commitment for any future expenditure in excess of $1,000; (v) Contract or commitment pursuant to which it has assumed, guaranteed, endorsed, or otherwise become liable for any obligation of any other person, firm or organization; (vi) Contract, agreement, understanding, commitment or arrangement, other than in the normal course of business, not fully disclosed or set forth in this Agreement; (vii) Agreement with any person relating to the dividend, purchase or sale of securities, that has not been settled by the delivery or payment of securities when due, and which remains unsettled upon the date of this Agreement.

Significant Agreements. AVE is not and will not at Closing be ---------------------- bound by any of the following other than where already disclosed in any other exhibit, unless specifically listed in Exhibit "I" hereto: (i) Employment, advisory or consulting contract; (ii) Plan providing for employee benefits of any nature; (iii) Lease with respect to any property or equipment; (iv) Contract or commitment for any future expenditure in excess of $1,000; (v) Contract or commitment pursuant to which it has assumed, guaranteed, endorsed, or otherwise become liable for any obligation of any other person, firm or organization; (vi) Contract, agreement, understanding, commitment or arrangement, other than in the normal course of business, not fully disclosed or set forth in this Agreement; (vii) Agreement with any person relating to the dividend, purchase or sale of securities, that has not been settled by the delivery or payment of securities when due, and which remains unsettled upon the date of this Agreement.