Common use of Corporate Authority; Binding Nature of Agreement Clause in Contracts

Corporate Authority; Binding Nature of Agreement. Solovision has the power to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby has been duly authorized by the Board of Directors and shareholders of Solovision, and no other corporate proceedings on the part of Solovision or its shareholders are necessary to authorize the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby. This Agreement constitutes the valid and binding obligation of each of Solovision, Ovadia and the Shareholders and is enforceable against each of Solxxxxxxn, Ovadia and the Shareholders and in accordance with its terms.

Corporate Authority; Binding Nature of Agreement. Solovision has the power to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby has been duly authorized by the Board of Directors and shareholders of Solovision, and no other corporate proceedings on the part of Solovision or its shareholders are necessary to authorize the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby. This Agreement constitutes the valid and binding obligation of each of Solovision, Ovadia Xxxxxx and the Shareholders and is enforceable against each of SolxxxxxxnSolovision, Ovadia Xxxxxx and the Shareholders and in accordance with its terms.