definiens: ( as defined in the LipoSonix Agreement ) there have been no, Contracts, transactions, Indebtedness or other 42arrangements, or any related series thereof, between the Company, on the one hand, and any of the directors, officers or otherAffiliates ( including Seller and its Subsidiaries ), or any of their respective Affiliates or family members, on the other hand(except for amounts ( i ) due as salaries and bonuses in the ordinary course of business consistent with past practice, ( ii ) inreimbursement of ordinary expenses in the ordinary course of business consistent with past practice or ( iii ) in the case ofSeller, for accounts payables and accrued liabilities paid, or accounts receivable received, in the ordinary course of businessconsistent with past practice ) . There is no Indebtedness owed to the Company by any employee, consultant, officer, director, sales representative, distributor or agent of the Company, other than salary advances or travel expenses in the ordinary courseof business consistent with past practice . To the Knowledge of Seller, no officer or director of the Company has any direct orindirect ownership interest in any Affiliate of the Company ( other than stock ownership interest in Seller ) or any firm orcorporation with which the Company has a business relationship, or any firm or corporation that competes with the Company, except that officers or directors of the Company and members of their immediate families may own stock in publicly - tradedcompanies that may compete with the Company . No member of the immediate family of any officer or director of theCompany is directly or indirectly interested in any Material Contract