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Common use of Concerning the Shares Clause in Contracts

Concerning the Shares. All of the Shares are duly and validly authorized and issued and are fully paid and non-assessable, and were not issued in violation of the preemptive rights of any current or former shareholder of the Company. No option, warrant, call, subscription, convertible security, or commitment of any kind exists obligating the Company to issue any additional shares of Common Stock or obligating Seller to sell any of the Shares to a third party. There is not any compensation plan or agreement applicable to any of the officers, directors, or employees of the Company under which compensation accrued or payable is determined, in whole or in part, by reference to shares of Common Stock. There are no agreements or commitments obligating the Company to repurchase or otherwise acquire any of the outstanding shares of Common Stock.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Jvweb Inc), Stock Purchase Agreement (Jvweb Inc), Stock Purchase Agreement (Jvweb Inc)

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