Common use of Legality of Shares to be Issued Clause in Contracts

Legality of Shares to be Issued. The shares of common stock of the Purchaser to be issued by the Purchaser pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 10 contracts

Samples: Asset Purchase Agreement (Paystar Communications Corp), Agreement and Plan of Reorganization (Shadows Bend Development Inc), Agreement and Plan of Reorganization (Netvoice Technologies Corp)

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Legality of Shares to be Issued. The shares of common stock of the Purchaser to be issued by the Purchaser delivered pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessablenon-assessable.

Appears in 9 contracts

Samples: Acquisition Agreement (Ensurge Inc), Share Exchange Agreement (Paloma Enterprises, Inc.), Share Exchange Agreement (Paloma Enterprises, Inc.)

Legality of Shares to be Issued. The shares of common stock of the Purchaser to be issued by the Purchaser delivered pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 5 contracts

Samples: Stock Exchange Agreement (Ishopper Com Inc), Stock Exchange Agreement (Ishopper Com Inc), Acquisition Agreement (Wilon Energy Group Inc)

Legality of Shares to be Issued. The shares of common stock of the Purchaser to be issued by the Purchaser delivered pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 4 contracts

Samples: Agreement and Plan of Acquistion (Jupiter Global Holdings Corp), Agreement and Plan of Acquistion (Livestar Entertainment Group Inc), Acquisition Agreement (Teletek Inc)

Legality of Shares to be Issued. The shares of common stock of the Purchaser Company to be issued by the Purchaser delivered pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser Company and will be fully paid and nonassessable.

Appears in 2 contracts

Samples: Agreement and Plan of Acquistion (Jupiter Global Holdings Corp), Agreement and Plan of Acquistion (Livestar Entertainment Group Inc)

Legality of Shares to be Issued. The shares of common stock of the Purchaser Acquiror to be issued by delivered and exchanged for shares of common stock of the Purchaser pursuant to this AgreementCompany, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser Acquiror and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ishopper Com Inc)

Legality of Shares to be Issued. The shares of common stock of the -------------------------------- Purchaser to be issued by the Purchaser pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Rascals International Inc)

Legality of Shares to be Issued. The shares of Purchaser's common stock of the Purchaser to be issued by the Purchaser delivered pursuant to this Agreementagreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable. The shares of Purchaser's common stock to be issued will have been listed for trading on the Over the Counter Bulletin Board System.

Appears in 1 contract

Samples: Plan of Reorganization and Agreement (Umember Com Inc /Co/)

Legality of Shares to be Issued. The shares of Purchaser's common stock of the Purchaser to be issued by the Purchaser delivered pursuant to this Agreementagreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sibannac, Inc.)

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Legality of Shares to be Issued. The shares of common preferred stock of the Preferred stock of Purchaser to be issued by the Purchaser delivered pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Acquisition Agreement (Hybrid Fuels Inc)

Legality of Shares to be Issued. The shares of common stock of the Purchaser to be issued by the Purchaser pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and Purchaser, will be fully paid and nonassessable, and will be free and clear of all liens and encumbrances. Such shares to be issued by the Purchaser pursuant to subsection 1.2 of this Agreement shall represent approximately 48.57% of the outstanding stock upon closing.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Premier Mortgage Resources Inc)

Legality of Shares to be Issued. The shares of common stock and preferred stock of the Purchaser to be issued by the Purchaser pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Apptigo International, Inc.)

Legality of Shares to be Issued. The shares of common stock Common Stock of the Purchaser to be issued by the Purchaser pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Global E Tutor Inc)

Legality of Shares to be Issued. The shares of common stock of the Purchaser Preferred Shares to be issued by the Purchaser pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Purchaser and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (iMine Corp)

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