Common use of Private Offering Memorandum Clause in Contracts

Private Offering Memorandum. 13 8.5 Recipient of Pubco Stock..........................................14 8.6 Indemnification...................................................14 SECTION 9 CONDITIONS PRECEDENT TO CLOSING.....................................15 9.1 Conditions Precedent to Pubco's Obligations.......................15 9.2 Conditions Precedent to SmartGate's and the SmartGate Shareholder Obligations...........................................16 Page ---- SECTION 10 ADDITIONAL COVENANTS OF THE PARTIES................................18

Private Offering Memorandum. 13 8.5 Recipient of Pubco Stock..........................................14 8.6 Indemnification...................................................14 SECTION 9 CONDITIONS PRECEDENT TO CLOSING.....................................15 9.1 Conditions Precedent to Pubco's Obligations.......................15 9.2 Conditions Precedent to SmartGate's SmartGate and the SmartGate Shareholder Obligations...........................................16 Page ---- SECTION 10 ADDITIONAL COVENANTS OF THE PARTIES................................18