Common use of Corporate Organization, Standing and Power Clause in Contracts

Corporate Organization, Standing and Power. Issuer is a corporation duly organized, validly existing and in good standing under the Laws of the State of Wyoming with the requisite corporate power and authority to carry on its business as it is now being conducted and to own, operate and lease its properties and assets, is duly qualified or licensed to do business as a foreign corporation in good standing in every other jurisdiction in which the character or location of the properties and assets owned, leased or operated by it or the conduct of its business requires such qualification or licensing. Complete and correct copies of Issuer’s articles of incorporation and bylaws have previously been made available to the Company.