Corporate Status; Due Authorization. The Purchaser, to the extent it is not a natural person, has been duly established and is validly existing under the laws of the jurisdiction of its incorporation. The Purchaser has the right, power, authority and capacity to execute and consummate this Agreement and the Transaction contemplated herein. All required approvals of any corporate bodies of the Purchaser for consummating the Transaction contemplated in this Agreement have been obtained.
Corporate Status; Due Authorization. Each Seller that is not a natural person has been duly established and is validly existing and in good standing under the laws of its jurisdiction of organization. Each Seller has the unrestricted corporate right, power, authority and capacity to execute and consummate this Agreement and the transactions contemplated herein. All required approvals of any corporate bodies of each Seller that is not a natural person have been given.
Corporate Status; Due Authorization. The Company has been duly established and is validly existing as a Nevada corporation, incorporated under the laws of the State of Nevada, United States of America, and has full corporate power and authority to own, operate, or lease the properties and assets now owned, operated, or leased by it and to carry on its business as it has been and is currently conducted. The Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary. The Company has the right, power, authority and capacity to execute and consummate this Agreement and the Transaction contemplated herein. All required approvals of any corporate bodies of the Company for consummating the Transaction contemplated in this Agreement have been obtained. This Agreement and each Transaction Document to which Company is a party constitute legal, valid, and binding obligations of Company enforceable against Company in accordance with their respective terms.
Corporate Status; Due Authorization. (i) Each of the corporate Sellers Schoeller Wavin, May Pet and Nimalux S.A. has been duly established and is validly existing as a corporation under the laws of its place of business. Each Seller has the unrestricted right, power, authority and capacity to execute and consummate this Agreement and the transactions contemplated therein. All required approvals of any corporate bodies of such corporate Seller have been given.
(ii) Marc Jacobs has the unrestricted right, power, authority and capacity xo execute and consummate this Agreement and the transactions contemplated therein. His spouse has granted all necessary approvals.
Corporate Status; Due Authorization. The Purchaser has been duly established and is validly existing as a stock corporation under the laws of the State of Nevada, United States of America. The Purchaser has the right, power, authority and capacity to execute and consummate this Agreement and the transactions contemplated herein. All required approvals of any corporate bodies of the Purchaser for consummating the transactions contemplated in this Agreement have been obtained.
Corporate Status; Due Authorization. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser has the corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution and delivery by Purchaser of this Agreement, and the performance by Purchaser of its obligations hereunder (including the execution and delivery of the Promissory Note and the issuance of the Purchaser Shares), have been duly and validly authorized and approved by all necessary corporate action on the part of Purchaser.
