Conflicting Interest. No director, officer or principal stockholder of Intellicell or any of its Subsidiaries (i) has any pecuniary interest in any supplier or customer of Intellicell or any of its Subsidiaries or in any other business with which Intellicell and its Subsidiaries conducts business or with which Intellicell and its Subsidiaries is in competition other than holdings of the publicly traded securities of such entities; or (ii) is indebted to Intellicell and its Subsidiaries for borrowed money.
Appears in 2 contracts
Sources: Merger Agreement (Intellicell Corp), Agreement and Plan of Merger (Intellicell Corp)