Common use of Criminal Proceedings Clause in Contracts

Criminal Proceedings. Neither the Purchaser and its respective officers, directors, affiliates, promoters nor any predecessor of the Purchaser have been subject to or suffered any of the following: o Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other misdemeanor offenses) within ten (10) years from the date hereof; o Any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting such person's involvement in any type of business, securities or banking activities within ten (10) years of the date hereof; or o Being found guilty by a court of competent jurisdiction (in a civil action), the SEC or the CFTC to have violated a federal or state securities or commodities law within ten (10) years of the date hereof, and the judgment has not been reversed, suspended or vacated.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Nevstar Gaming & Entertainment Corp), Stock Purchase Agreement (Nevstar Corp), Stock Purchase Agreement (MGCC Investment Strategies Inc)

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Criminal Proceedings. Neither the Purchaser and nor its respective officers, directors, affiliates, promoters nor any predecessor of the Purchaser have been subject to or suffered any of the following: o Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other misdemeanor offenses) within ten (10) years from the date hereof; o Any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting such person's involvement in any type of business, securities or banking activities within ten (10) years of the date hereof; or o Being found guilty by a court of competent jurisdiction (in a civil action), the SEC or the CFTC to have violated a federal or state securities or commodities law within ten (10) years of the date hereof, and the judgment has not been reversed, suspended or vacated.

Appears in 1 contract

Samples: Stock Purchase Agreement (Zeolite Exploration Co)

Criminal Proceedings. Neither the Purchaser W/F Investment and its respective officers, directors, affiliates, promoters nor any predecessor of the Purchaser W/F Investment have been subject to or suffered any of the following: o Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other misdemeanor offenses) within ten (10) years from the date hereof; o Any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting such person's involvement in any type of business, securities or banking activities within ten (10) years of the date hereof; or o Being found guilty by a court of competent jurisdiction (in a civil action), the SEC or the CFTC to have violated a federal or state securities or commodities law within ten (10) years of the date hereof, and the judgment has not been reversed, suspended or vacated.

Appears in 1 contract

Samples: Settlement and Stock Issuance Agreement (Nevstar Corp)

Criminal Proceedings. Neither the Purchaser C&C and its respective officers, directorspartners, affiliates, promoters nor any predecessor of the Purchaser C&C have been subject to or suffered any of the following: o Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other misdemeanor offenses) within ten (10) years from the date hereof; o Any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting such person's ’s involvement in any type of business, securities or banking activities within ten (10) years of the date hereof; or o Being found guilty by a court of competent jurisdiction (in a civil action), the SEC or the CFTC to have violated a federal or state securities or commodities law within ten (10) years of the date hereof, and the judgment has not been reversed, suspended or vacated.

Appears in 1 contract

Samples: Settlement and Stock Issuance Agreement (Millennium Quest Inc)

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Criminal Proceedings. Neither the Purchaser and nor its respective officers, directors, affiliates, promoters nor any predecessor of the Purchaser have been subject to or suffered any of the following: o · Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other misdemeanor offenses) within ten (10) years from the date hereof; o · Any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting limited such person's ’s involvement in any type of business, securities or banking activities within ten (10) years of the date hereof; or o · Being found guilty by a court of competent jurisdiction (in a civil action), the SEC or the CFTC to have violated a federal or state securities or commodities law within ten (10) years of the date hereof, and the judgment has not been reversedrevered, suspended or vacated.

Appears in 1 contract

Samples: Stock Purchase Agreement (Triple Bay Industries)

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