Common use of Category 5 Shares Fully Paid and Non-Assessable Clause in Contracts

Category 5 Shares Fully Paid and Non-Assessable. The Category 5 Shares deliverable pursuant to Section 1.2 when issued and delivered as herein provided, will be validly issued and outstanding shares of Category 5 Common Stock, fully paid and non-assessable, free and clear of all liens, encumbrances, restrictions and claims of every kind.

Appears in 4 contracts

Samples: Stock Purchase and Exchange Agreement (Category 5 Technologies Inc), Membership Exchange Agreement (Category 5 Technologies Inc), Stock Purchase and Exchange Agreement (Category 5 Technologies Inc)

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Category 5 Shares Fully Paid and Non-Assessable. The Category 5 Shares deliverable pursuant to Section 1.2 when issued and delivered as herein provided, will be validly issued and outstanding shares of Category 5 Common Stock, Stock fully paid and non-assessable, free and clear of all liens, encumbrances, restrictions and claims of every kind.

Appears in 1 contract

Samples: Stock Purchase and Exchange Agreement (Category 5 Technologies Inc)

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