Material Transactions or Affiliations. Except as disclosed in the IMGL SEC Reports or on Schedule 2.14 to the IMGL Schedules, there exists no contract, agreement or arrangement between IMGL and any predecessor and any person or entity who was at the time of such contract, agreement or arrangement an officer, director, or person owning of record or known by IMGL to own beneficially, 5% or more of the issued and outstanding Common Stock of IMGL and which is to be performed in whole or in part after the date hereof or was entered into not more than three years prior to the date hereof. Neither any officer, director, nor 5% stockholders of IMGL has, or has had since inception of IMGL, any known interest, direct or indirect, in any such transaction with IMGL which was material to the business of IMGL. IMGL has no commitment, whether written or oral, to lend any funds to, borrow any money from, or enter into any other transaction with, any such affiliated person.
Appears in 4 contracts
Samples: Share Exchange Agreement (Image International Group, Inc.), Share Exchange Agreement (Chan Hoi Ming), Share Exchange Agreement (Chan Yuk Kiu)
