Common use of Company’s Representations, Warranties and Covenants Clause in Contracts

Company’s Representations, Warranties and Covenants. The Company hereby represents and warrants and covenants to Stockholder that: 6.01. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. The Company has all necessary corporate power to own, lease, use, and operate its properties and to carry on its business as now being conducted and presently proposed to be conducted. The Company is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which its ownership or leasing of assets, or the conduct of its business, makes such qualification necessary. 6.02. The Company has the corporate power to execute, deliver, and perform its obligations under this Agreement. The Company has duly authorized the execution and delivery of this Agreement and the issuance and delivery of the Shares hereunder and, upon acceptance of Stockholder’s subscription by delivery of a duly executed copy hereof to Stockholder, this Agreement will constitute a valid and binding obligation of the Company, enforceable in accordance with its terms, except as enforcement may be limited by insolvency and similar laws affecting the enforcement of creditors’ rights generally and the effect of rules of law governing equitable remedies.