Common use of Affiliated Relationships Clause in Contracts

Affiliated Relationships. All services rendered and all goods sold by Incubate to any of its directors, officers, shareholders, or any Affiliate(s) of the foregoing, have been recorded in the accounts of Incubate at their full value as if they were transferred in arm's length transactions. At Closing, there shall be no outstanding agreement between Incubate, on the one hand, and any other person, on the other hand, including without limitation any employment, consulting, warrant, option, registration right or preemptive right agreement [except for the written agreement entered into prior to the date hereof and specifically identified on Schedule 5.15 attached hereto]. Without limiting the generality of the foregoing , the shareholders of Incubate have no claims or right of action whatsoever against or from Incubate, either as directors, officers, shareholders, investors, employees or otherwise and any right that may have accrued to any of the shareholders of Incubate (in whatever capacity), whether at law, in equity or pursuant to any agreement, has been (or will be) fully satisfied or waived in writing, prior to Closing.

Affiliated Relationships. All services rendered and all goods sold by Incubate to any of its directors, officers, shareholders, or any Affiliate(s) of the foregoing, have been recorded in the accounts of Incubate at their full value as if they were transferred in arm's length transactions. At Closing, there shall be no outstanding agreement between Incubate, on the one hand, and any other person, on the other hand, including without limitation any employment, consulting, warrant, option, registration right or preemptive right agreement [except for the written agreement entered into prior to the date hereof and specifically identified on Schedule 5.15 attached hereto]. Without limiting the generality of the foregoing , the shareholders of Incubate have no claims or right of action whatsoever against or from Incubate, either as directors, officers, shareholders, investors, employees or otherwise and any right that may have accrued to any of the shareholders of Incubate (in whatever capacity), whether at law, in equity or pursuant to any agreement, has been (or will be) fully satisfied or waived in writing, writing ,prior to Closing.