Common use of Capitalization; Title to Shares Clause in Contracts

Capitalization; Title to Shares. The authorized capital stock of the Company consists of 200,000 shares of common stock, 200,000 shares of which are issued and outstanding and comprise the Shares. Seller owns beneficially and of record, free and clear of any claim, charge, preferential arrangement, lien or other encumbrance, all of the Shares. Upon payment for the Shares as herein provided, Buyer will acquire good and marketable title thereto, free and clear of any claim, option, call, subscription, warrant, charge, preferential arrangement, lien or other encumbrance.

Capitalization; Title to Shares. The authorized capital stock of the Company consists of 200,000 1,020,000 shares of common stock, 200,000 shares of which 1,000,000 shares are issued and outstanding and comprise constitute the Shares. Seller owns All of the Shares have been duly authorized, are validly issued, fully paid and non-assessable, and are owned of record and beneficially and of recordby Sellers as set forth on Schedule 2.3, free and clear of any claim, charge, preferential arrangement, lien or other encumbrance, all of the Shares. Upon payment for the Shares as herein provided, Buyer will acquire good and marketable title thereto, free and clear of any claim, option, call, subscription, warrant, charge, preferential arrangement, lien or other encumbranceLiens.

Capitalization; Title to Shares. The Company's authorized capital stock consists of One Hundred Thousand (100,000) shares of common stock of which Ninety-eight (98) shares are issued and outstanding. No other equity securities of the Company consists of 200,000 are authorized, issued, or outstanding; and there are no outstanding options, agreements, contracts, or commitments relating to any shares of common stock, 200,000 shares of which are issued and outstanding and comprise the Shares. Seller owns beneficially and of record, free and clear of any claim, charge, preferential arrangement, lien or Company other encumbrance, all of the Shares. Upon payment for the Shares as herein provided, Buyer will acquire good and marketable title thereto, free and clear of any claim, option, call, subscription, warrant, charge, preferential arrangement, lien or other encumbrancethan this agreement.