RELATED. PARTY TRANSACTIONS. Except as set forth in Section 4.17 of the Schedule of Exceptions or in reports filed with the Securities and Exchange Commission, no employee, officer or director of the Company or member of his or her immediate family is indebted to the Company, nor is the Company indebted (or committed to make loans or extend or guarantee credit) to any such persons. To the Company's knowledge, none of such persons has any direct or indirect ownership interest in any firm or corporation or with which the Company has a business relationship, or any firm or corporation that competes with the Company, except that employees, officers or directors of the Company and members of their immediate families may own stock in publicly-traded companies that may compete with the Company; provided that no officer of the Company owns more than 5% in any publicly-traded company that competes with the Company. Except as set forth on Section 4.17 of the Schedule of Exceptions or in reports filed with the Securities and Exchange Commission, none of the officers or directors of the Company or any members of their immediate families are, directly or indirectly, interested in any Contract with the Company.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Environmental Service Professionals, Inc.), Stock Purchase Agreement (Machinetalker Inc)