Common use of Transactions with Certain Persons Clause in Contracts

Transactions with Certain Persons. Except as set forth on Exhibit N, attached hereto and made a part hereof, during the past three years the Company has not, directly or indirectly, purchased, leased or otherwise acquired any property or obtained any services from, or sold, leased or otherwise disposed of any property or furnished any services to, or otherwise dealt with (except with respect to remuneration for services rendered as a director, officer or employee of the Company), in the ordinary course of business or otherwise, (i) any officer, director or stockholder of the Company or any subsidiary thereof or (ii) any person, firm or corporation which, directly or indirectly, alone or together with others, controls, is controlled by or is under common control with the Company or any stockholder of the Company. The Company does not owe any amount to, or have any contract with or commitment to, any of its shareholders, directors, officers, employees or consultants (other than compensation for current services not yet due and payable and reimbursement of expenses arising in the ordinary course of business not in excess of $2,000 in the aggregate), and none of such persons owes any amount to the Company.

Appears in 2 contracts

Samples: Agreement of Merger and Plan of Reorganization (Clearworks Net Inc), Agreement of Merger and Plan of Reorganization (Clearworks Net Inc)

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Transactions with Certain Persons. Except as set forth on Exhibit NL, attached hereto and made a part hereof, during the past three years the Company has not, directly or indirectly, purchased, leased or otherwise acquired any property or obtained any services from, or sold, leased or otherwise disposed of any property or furnished any services to, or otherwise dealt with (except with respect to remuneration for services rendered as a director, officer officer, interest holder, or employee of the Company), in the ordinary course of business or otherwise, (i) any officer, director or stockholder interest holder of the Company or any subsidiary thereof or (ii) any person, firm or corporation which, directly or indirectly, alone or together with others, controls, is controlled by or is under common control with the Company or any stockholder interest holder of the Company. The Company does not owe any amount to, or have any contract with or commitment to, any of its shareholdersinterest holders, directors, officers, employees or consultants (other than compensation for current services not yet due and payable and reimbursement of expenses arising in the ordinary course of business not in excess of $2,000 in the aggregate), and none of such persons owes any amount to the Company.

Appears in 2 contracts

Samples: Agreement of Merger and Plan of Reorganization (Clearworks Net Inc), Agreement of Merger and Plan of Reorganization (Billserv Com Inc)

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