Common use of Compliance with the Foreign Corrupt Practices Act Clause in Contracts

Compliance with the Foreign Corrupt Practices Act. LEXON and its representatives have not, to obtain or retain business, directly or indirectly offered, paid, or promised to pay, or authorized the payment of, any money or other thing of value (including any fee, gift sample, travel expense or entertainment with a value in excess of $100.00 in the aggregate to any one individual in any year) or any commission payment in excess of 1% of any amount payable, to: (a) any person who is an official, officer, agent, employee or representative of any Governmental or Regulatory Body or of any existing or prospective customer (whether government owned or non-government owned); (b) any political party or official thereof; (c) any candidate for political or political party office; or (d) any other individual or entity; while knowing or having reason to believe that all or any portion of such money or thing of value would be offered, given, or promised, directly or indirectly, to any such official, officer, agent, employee, representative, political party, political party official, candidate, individual, or any entity affiliated with such customer, political party or official or political office. LEXON has made all payments to third parties by check mailed to such third parties' principal place of business or by wire transfer to a bank located in the same jurisdiction as such party's principal place of business. Each transaction is properly and accurately recorded on the books and records of LEXON, and each document upon which entries in LEXON's books and records are based is complete and accurate in all respects. LEXON maintains a system of internal accounting controls adequate to insure that LEXON maintains no off-the-books accounts and that LEXON's assets are used only in accordance with LEXON's management directives.

Appears in 1 contract

Sources: Share Exchange Agreement (Lexon Inc/Ok)

Compliance with the Foreign Corrupt Practices Act. LEXON PROVISION and its representatives have not, to obtain or retain business, directly or indirectly offered, paid, or promised to pay, or authorized the payment of, any money or other thing of value (including any fee, gift sample, travel expense or entertainment with a value in excess of $100.00 in the aggregate to any one individual in any year) or any commission payment in excess of 1% of any amount payable, to: (a) any person who is an official, officer, agent, employee or representative of any Governmental or Regulatory Body or of any existing or prospective customer (whether government owned or non-government owned); (b) any political party or official thereof; (c) any candidate for political or political party office; or (d) any other individual or entity; while knowing or having reason to believe that all or any portion of such money or thing of value would be offered, given, or promised, directly or indirectly, to any such official, officer, agent, employee, representative, political party, political party official, candidate, individual, or any entity affiliated with such customer, political party or official or political office. LEXON PROVISION has made all payments to third parties by check mailed to such third parties' principal place of business or by wire transfer to a bank located in the same jurisdiction as such party's principal place of business. Each transaction is properly and accurately recorded on the books and records of LEXONPROVISION, and each document upon which entries in LEXONPROVISION's books and records are based is complete and accurate in all respects. LEXON PROVISION maintains a system of internal accounting controls adequate to insure that LEXON PROVISION maintains no off-the-books accounts and that LEXONPROVISION's assets are used only in accordance with LEXONPROVISION's management directives.

Appears in 1 contract

Sources: Share Exchange Agreement (Lexon Inc/Ok)