Common use of Changes in Type of Business Clause in Contracts

Changes in Type of Business. Make any substantial change in the character of its business. Any business activities related to repetitive locking techniques or the distribution of electronic content will not constitute a substantial change in the character of its business.

Appears in 3 contracts

Sources: Series C Preferred Stock and Warrant Purchase Agreement (Softlock Com Inc), Series B Preferred Stock and Warrant Purchase Agreement (Softlock Com Inc), Series a Preferred Stock Purchase Agreement (Softlock Com Inc)