Contracts and Other Commitments. The Company is not a party to or in breach of any: (a) agreement, or group of related agreements, for the purchase of assets that involves an expenditure by the Company in excess of $25,000; (b) indenture, loan or credit agreement, security agreement, promissory note or other agreement or instrument, or group of related agreements or instruments, relating to or evidencing indebtedness for borrowed money in excess of $25,000; (c) lease or other agreement, or group of related leases or other agreements, under which the Company is lessee of or holds or operates any property, real or personal, owned by any other person under which payments to such person exceed $25,000 per year; (d) license agreement, either as licensor or licensee, that is material to the Company's business; or (e) other agreement or group of related agreements under which the Company is obligated to make payments exceeding $25,000 or which could result in the loss by the Company of any rights that are material to the conduct of its business.
Appears in 3 contracts
Sources: Series E Preferred Stock Purchase Agreement (Imx Exchange Inc), Series C Preferred Stock Purchase Agreement (Imx Exchange Inc), Series D Preferred Stock Purchase Agreement (Imx Exchange Inc)