Common use of Organization of the Company Clause in Contracts

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada Nevada, and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effectmaterial adverse effect on the business, operations, properties, prospects or condition (financial or otherwise) of the Company.

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada Nevada, and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation --------------------------- duly organized and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized incorporated and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conducted. The Company is duly qualified and is in good standing as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized incorporated and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conductedconducted except as described in the Company Documents. The Company is duly qualified to do business as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not reasonably be expected to have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State of Nevada and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse EffectEffect or where the Company is in the process of qualifying (GA).

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and authority to own, lease lease, and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized incorporated and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conductedconducted except as described in the SEC Documents. The Company is duly qualified to do business as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not reasonably be expected to have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized and organized, validly existing existing, and in good standing under the laws of the State of Nevada and has all requisite with full corporate power and authority to own, lease and operate its properties and to carry on conduct its business as it is now being conducted, to own or use the properties and assets that it purports to own or use. The Company is duly qualified to do business as a foreign corporation to do business in New Jersey and is in good standing in every jurisdiction in which under the nature laws of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse EffectState of New Jersey.

Organization of the Company. The Company is a corporation duly organized and incorporated, validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conducted. The Company has one subsidiary known as S2 New York Design Corp. The Company is duly qualified and is in good standing as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized --------------------------- incorporated and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would does not have a Material Adverse Effect.any subsidiaries and does not own more that fifty percent (50%) of or control any other business

Organization of the Company. The Company is a corporation duly organized incorporated and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conductedconducted except as described in the SEC Documents. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not reasonably be expected to have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.Material

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conducted. Except as set forth in the SEC Documents, the Company does not have any subsidiaries. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized incorporated and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conductedconducted except as described in the Company Documents. The Company is duly qualified to do business as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not reasonably be expected to have a Material Adverse Effect.

Organization of the Company. The Company is a corporation duly organized incorporated and validly existing and in good standing under the laws of the State of Nevada and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conductedconducted except as described in the Company Documents. The Company is duly qualified to do business as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not reasonably be expected to have a Material Adverse Effect.. 12