Common use of SELLER FURTHER REPRESENTS AND WARRANTS Clause in Contracts

SELLER FURTHER REPRESENTS AND WARRANTS. (i) that to the best of Seller’s actual knowledge that (i) neither an employee of Buyer nor an immediate family member of such employee is deriving personal financial gain under this Agreement or has a direct or indirect ownership interest in Seller, except with respect to the ownership of shares held for investment in companies listed on any recognized stock exchange representing less than 2% of the issued shares of such company; (ii) no employee of Buyer is contemporaneously employed with Seller; (iii) Seller has not and will not provide gifts or hospitality of any dollar value or any other gratuities to any employee of Buyer to obtain or maintain this Agreement; and (iv) Seller has no other business, professional, personal, or other interest, including, but not limited to, the representation of other clients, that would conflict in any manner or degree with the performance of its obligations under this Agreement. If any such actual or potential conflict of interest as set forth above arises under this Agreement, Seller shall immediately inform Xxxxx in writing of such conflict. If, in the reasonable discretion of Buyer, such conflict poses a material conflict to and with the performance of Seller’s obligations under this Agreement, then the Buyer may terminate the Agreement immediately upon written notice to Seller.