Common use of Disclosure of Contracts Clause in Contracts

Disclosure of Contracts. The descriptions in the Public Documents of all contracts, agreements, instruments, indentures, mortgages, loans, leases, licenses, arrangements or undertakings of any nature, written or oral, of the Company which involve future payments, performance or services, development of products, or delivery of goods or materials to or by the Company of an aggregate amount or value in excess of $50,000 or which otherwise are material to the business or prospects of the Company (collectively, "Contracts") are accurate in all material respects and present fairly the information required to be disclosed therein and there are no contracts or other documents required to be described in the Public Documents which have not been so described. The Company has furnished the Placement Agent with true, correct and complete copies (or where oral, written descriptions) of all Contracts, including all exhibits, schedules, amendments, supplements, modifications and waivers thereto. Each of the Contracts is in full force and effect, the Company has performed in all material respects all of its obligations thereunder and is not in default thereunder, and no party to a Contract has made a claim to the effect that the Company has failed to perform any obligations thereunder. To the knowledge of the Company, there is no plan, intention, or indication of any contracting party to a Contract to cause termination, cancellation or modification of such Contract or to reduce or otherwise change its activity thereunder so as to adversely affect in any material respect the benefits derived or expected to be derived therefrom by the Company. The Company does not know of the occurrence of any event or the existence of any state of facts which with notice or the passage of time or both could cause it to be in default. The Company is not a party to, or bound by, any warranty agreement with respect to products sold or any contract, agreement, commitment or restriction which obligates the Company to perform services or to produce products unprofitably. None of the provisions of such contracts or instruments violates any existing applicable law, rule, regulation, judgment, order or decree of any governmental agency or court having jurisdiction over the Company, its assets or businesses.

Disclosure of Contracts. The descriptions and exhibits filed in the Public SEC Documents (as defined in the Purchase Agreement) of all material contracts, agreements, instruments, indentures, mortgages, loans, leases, licenses, arrangements or undertakings of any nature, written or oral, of the Company which involve future payments, performance or services, development of products, or delivery of goods or materials to or by the Company of an aggregate amount or value in excess of $50,000 Company, or which otherwise are material to the business or prospects of the Company (collectively, "the “Contracts") ”), to the extent applicable, are accurate in all material respects and present fairly the information required to be disclosed therein and there are no contracts or other documents required to be described in the Public Offering Documents which have not been so described. The Company has furnished the Placement Agent Agent, when and if requested, with true, correct and complete copies (or where oral, written descriptions) of all Contracts, including all exhibits, schedules, amendments, supplements, modifications and waivers thereto. Each Except as otherwise stated in the Offering Documents, each of the Contracts is in full force and effect, the Company has performed in all material respects all of its obligations thereunder and is not in default thereunder, and no party to a Contract has made a claim to the effect that the Company has failed to perform any obligations thereunder. To the knowledge of the Company, there is no plan, intention, or indication of the Company has not received any written notification from any contracting party to a Contract to cause terminationterminate, cancellation cancel or modification of modify such Contract or to reduce or otherwise change its activity thereunder so as to adversely affect in any material respect the benefits derived or expected to be derived therefrom by the Company. The Company does not know of the occurrence of any event or the existence of any state of facts which with notice or the passage of time or both could cause it to be in default. The Company is not a party to, or bound by, any warranty agreement with respect to products sold or any contract, agreement, commitment or restriction which obligates the Company to perform services or to produce products unprofitably. None of the provisions of such contracts or instruments violates any existing applicable law, rule, regulation, judgment, order or decree of any governmental agency or court having jurisdiction over the Company, its assets or businesses.