Common use of Organization, Capitalization, etc Clause in Contracts

Organization, Capitalization, etc. (a) The Company is a corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, and is qualified in no other state. (b) The authorized capital stock of the Company consists of 90,000,000 shares of common stock with a par value of $0.001 per share and 10,000,000 shares of preferred stock with a par value of $0.001 per share. As of the date of this Agreement, 9,000,000 shares of common stock are validly issued and outstanding, fully paid and non-assessable. There are no outstanding options or other agreements of any nature whatsoever relating to the issuance by the Company of any shares of its capital stock. (c) The Company has the corporate power and authority to carry on its business as presently conducted.

Appears in 2 contracts

Samples: Stock Purchase Agreement (DGT Corp.), Stock Purchase Agreement (DGT Corp.)

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Organization, Capitalization, etc. (a) The Company is a corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, and is qualified in no other state. (b) The authorized capital stock of the Company consists of 90,000,000 2,500,000,000 shares of common stock with a par value of $0.001 0.00001 per share and 10,000,000 100,000,000 shares of preferred stock with a par value of $0.001 0.00001 per share. As of the date of this Agreement, 9,000,000 150,275,000 shares of common stock are validly issued and outstanding, fully paid and non-assessable. There are no outstanding options or other agreements of any nature whatsoever relating to the issuance by the Company of any shares of its capital stock. (c) The Company has the corporate power and authority to carry on its business as presently conducted.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Montagu Resources Corp.), Share Purchase Agreement (Montagu Resources Corp.)

Organization, Capitalization, etc. (a) The Company is a corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, and is qualified in no other state. (b) The authorized capital stock of the Company consists of 90,000,000 100,000,000 shares of common stock with a par value of $0.001 0.0001 per share and 10,000,000 50,000,000 shares of preferred stock with a par value of $0.001 0.0001 per share. As of the date of this Agreement, 9,000,000 7,333,333 shares of common stock are validly issued and outstanding, fully paid and non-assessable. There are no outstanding options or other agreements of any nature whatsoever relating to the issuance by the Company of any shares of its capital stock. (c) The Company has the corporate power and authority to carry on its business as presently conducted.

Appears in 2 contracts

Samples: Share Purchase Agreement (Shopper's Wallet, Inc.), Stock Purchase Agreement (Shopper's Wallet, Inc.)

Organization, Capitalization, etc. (a) The Company is a corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, and is qualified in no other state. (b) The authorized capital stock of the Company consists of 90,000,000 1,350,000,000 shares of common stock with a par value of $0.001 per share and 10,000,000 shares of preferred stock with a par value of $0.001 per share. As of the date of this Agreement, 9,000,000 135,000,000 shares of common stock are validly issued and outstanding, fully paid and non-assessable. There are no outstanding options or other agreements of any nature whatsoever relating to the issuance by the Company of any shares of its capital stock. (c) The Company has the corporate power and authority to carry on its business as presently conducted.

Appears in 1 contract

Samples: Share Purchase Agreement (Blackrock Petroleum Corp.)

Organization, Capitalization, etc. (a) The Company is a corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, and is qualified in no other state. (b) The authorized capital stock of the Company consists of 90,000,000 shares of common stock with a par value of $0.001 per share and 10,000,000 shares of preferred stock with a par value of $0.001 per share. As of the date of this Agreement, 9,000,000 2,150,000 common shares of common stock and nil preferred shares are validly issued and outstanding, fully paid and non-assessable. There are no outstanding options or other agreements of any nature whatsoever relating to the issuance by the Company of any shares of its capital stock. (c) The Company has the corporate power and authority to carry on its business as presently conducted.

Appears in 1 contract

Samples: Share Purchase Agreement (Syncfeed, Inc.)

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Organization, Capitalization, etc. (a) The Company is a corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, and is qualified in no other state. . (b) The authorized capital stock of the Company consists of 90,000,000 150,000,000 shares of common stock with a par value of $0.001 0.0001 per share and 10,000,000 50,000,000 shares of preferred stock with a par value of $0.001 per share0.0001. As of the date of this Agreement, 9,000,000 63,808,000 common shares of common stock are validly issued and outstanding, fully paid and non-assessable. There are no outstanding options or other agreements of any nature whatsoever relating to the issuance by the Company of any shares of its capital stock. (c) The Company has the corporate power and authority to carry on its business as presently conducted.

Appears in 1 contract

Samples: Share Purchase Agreement (Miller Robert Hillis)

Organization, Capitalization, etc. (a) The Company is a corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, and is qualified in no other state. . (b) The authorized capital stock of the Company consists of 90,000,000 1,500,000,000 shares of common stock with a par value of $0.001 0.0001 per share and 10,000,000 50,000,000 shares of preferred stock with a par value of $0.001 per share0.0001. As of the date of this Agreement, 9,000,000 63,808,000 common shares of common stock are validly issued and outstanding, fully paid and non-assessable. There are no outstanding options or other agreements of any nature whatsoever relating to the issuance by the Company of any shares of its capital stock. (c) The Company has the corporate power and authority to carry on its business as presently conducted.

Appears in 1 contract

Samples: Share Purchase Agreement (Simple Tech, Inc.)

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