Common use of Issuance of the Parent Stock Clause in Contracts

Issuance of the Parent Stock. The shares of Parent Stock are duly authorized and, when issued in accordance with this Agreement against delivery of the Company Shares by the Shareholders, Shareholders will receive good title to such shares of Parent Stock, and such shares will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens, other than restrictions generally imposed by federal and state securities laws. The issuance of the shares of Parent Stock to the Shareholders is not subject to any preemptive or similar rights to subscribe for or purchase securities.

Issuance of the Parent Stock. The 10,000,000 shares of Parent Stock are duly authorized and, when issued in accordance with this Agreement against delivery of the Company Shares by the ShareholdersShareholder, Shareholders Shareholder will receive good title to such shares of Parent Stock, and such shares will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens, other than restrictions generally imposed by federal and state securities laws. The issuance of the shares of Parent Stock to the Shareholders Shareholder is not subject to any preemptive or similar rights to subscribe for or purchase securities.