Common use of Shell Status Clause in Contracts

Shell Status. The Company is not a shell as defined in Rule 405 under the Securities Act of 1933 or pursuant to Rule 144 and not has not been a shell during the 12 mnths previous to the issuance date hereof.

Appears in 2 contracts

Sources: Convertible Debenture (Peer to Peer Network), Convertible Debenture (Peer to Peer Network)

Shell Status. The Company is not a shell as defined in Rule 405 under the Securities Act of 1933 or pursuant to Rule 144 and not has not been a shell during the 12 mnths months previous to the issuance date hereof.

Appears in 2 contracts

Sources: Consulting Agreement (Elite Data Services, Inc.), Convertible Debenture (Elite Data Services, Inc.)