Authority and Corporate Action; No Conflict. (a) AAAC has all necessary power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. All action, corporate and otherwise, necessary to be taken by AAAC to authorize the execution, delivery and performance of this Agreement, the Transaction Documents and all other agreements delivered in connection with this agreement has been duly and validly taken. This Agreement has been duly executed and delivered by AAAC and constitutes the valid, binding, and enforceable obligation of AAAC, enforceable in accordance with its terms.
Appears in 4 contracts
Samples: Equity Acquisition Agreement (Tongxin International, Ltd.), Equity Acquisition Agreement (Tongxin International, Ltd.), Equity Acquisition Agreement (Tongxin International, Ltd.)
