Inmold, Inc Sample Clauses

Inmold, Inc s Capitalization. The authorized capital stock of Inmold, Inc. consists of 100,000,000 shares of common stock, par value $.00001 per share ("Inmold, Inc. Shares"), of which 4,000,000 Inmold, Inc. Shares are issued and outstanding, and 5,000,000 shares of "blank check" preferred stock, par value $.00001 per share, of which no shares are issued or outstanding. All outstanding shares of common stock are duly authorized, fully paid, validly issued and nonassessable in accordance with applicable law. No dividends or other distribution of the assets of Inmold, Inc. have ever been declared or paid on the capital stock of Inmold, Inc. Except for the transactions contemplated by this Agreement, there are no outstanding warrants, options, preemptive rights or rights to subscribe for or purchase any shares of Inmold, Inc.'s capital stock or any outstanding securities that are convertible into Shares of Inmold, Inc.'s capital stock, except for a certain agreement between GP and Precision Masters, Inc. The Inmold, Inc. Shares have been duly authorized and, when issued to the Shareholders on the Closing Date will be validly issued, fully paid and nonassessable.
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Inmold, Inc. Tax Returns. Within the times and in the manner prescribed by law, Inmold, Inc., being newly organized, has not yet been obligated to file any federal, state or local tax returns or been required by law to pay any taxes, assessments and penalties.
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Inmold, Inc and terms and conditions of the issuance of the Inmold, Inc. Shares and of prior private offers and sales of Immold, Inc . Shares, has received satisfactory answers to any of those questions and has no further questions at this time.
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