Common use of Insider Status Clause in Contracts

Insider Status. The Subscriber either: ☐ Is an “Insider” of the Issuer by virtue of being: (a) a director or senior officer of the Issuer; (b) a director or senior officer of a company that is an Insider or subsidiary of the Issuer; (c) a person that beneficially owns or controls, directly or indirectly, voting shares of the Issuer carrying more than 10% of the voting rights attached to all the Issuer’s outstanding voting shares; or (d) the Issuer itself if it holds any of its own securities. ☐ Is not an Insider of the Issuer.

Appears in 4 contracts

Sources: Warrant Subscription Agreement (Modern Mining Technology Corp.), Unsecured Convertible Debenture Subscription Agreement (Modern Mining Technology Corp.), Common Share Subscription Agreement (Modern Mining Technology Corp.)