Common use of No Operations Clause in Contracts

No Operations. Other than certain reimbursements, if any, paid to Biostem in connection with the transaction contemplated by this Agreement, Biostem has not had any revenue or operations since inception.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Equinox International, Inc.), Asset Purchase Agreement (Biostem U.S. Corp)

No Operations. Other than certain reimbursements, if any, paid to Biostem in connection with the transaction transactions contemplated by this Agreement, Biostem has not had any revenue or operations since inception.

Appears in 1 contract

Sources: Share Exchange Agreement (Equinox International, Inc.)