Common use of Client Representations and Warranties Clause in Contracts

Client Representations and Warranties. The Client hereby represents and warrants, knowing that Consultant is relying thereon, that: a) The Client is duly organized, validly existing and in good standing under the laws of the state of Delaware. The Client is qualified to do business as a foreign corporation in each state in which its business requires it to be so qualified. b) All Shares issuable upon exchange of salary and, upon receipt of the full exercise price, where applicable, all shares issued to Employee under options will be duly and validly issued, fully paid and non-assessable, and will be delivered free and clear of any liens, claims or encumbrances, except for restrictions imposed by reference to the registration requirements of the Securities Act of 1933.

Client Representations and Warranties. The Client hereby represents and warrants, knowing that Consultant is relying thereon, that: a) The Client is duly organized, validly existing and in good standing under the laws of the state of Delaware. The Client is qualified to do business as a foreign corporation in each state in which its business requires it to be so qualified. b) All Shares issuable upon exchange of salary and, upon Upon receipt of the full exercise price, where applicable, all shares issued to Employee Consultant under options the Option will be duly and validly issued, fully paid and non-assessable, and will be delivered free and clear of any liens, claims or encumbrances, except for restrictions imposed by reference to the registration requirements of the Securities Act of 1933.