Common use of Outstanding Stock Clause in Contracts

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have has been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company and Subsidiary have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company and each Subsidiary have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company and each of its Subsidiaries have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital common stock and equity interests in of the Company and any Subsidiary have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital common stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company and each Subsidiary have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company and each of the Subsidiaries have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable; all issued and outstanding shares of capital stock of each subsidiary of the Company have been duly authorized and validly issued and are fully paid and nonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-non- assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have and each of its wholly-owned subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital ----------------- stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of ------------------ capital stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in Capital Stock of the Company and each Subsidiary have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital ------------------ stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in ----------------- of the Company have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable. The Company’s capitalization and outstanding shares are substantially as reported in the most recently filed Reports reflecting such information.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable. The Company's capitalization and outstanding shares are substantially as reported in the most recently filed Reports reflecting such information.

Outstanding Stock. All outstanding shares of capital stock of the ----------------- Company have been duly authorized and validly issued and are fully paid and nonassessable; all issued and outstanding shares of capital stock and equity interests in of each subsidiary of the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital ------------------ stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company and each of its subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable.nonassessable

Outstanding Stock. All issued and outstanding shares of capital stock and other equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and ----------------- outstanding shares of capital stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company and each of its Subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable.nonassessable. (Subscription Agreement)

Outstanding Stock. All issued and outstanding shares of capital ----------------- stock and equity interests in of the Company have has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in ------------------ of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the ----------------- Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital ----------------- stock and equity interests in of the Company and each of its subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company and its Subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable; all issued and outstanding shares of capital stock of each material subsidiary of the Company have been duly authorized and validly issued and are fully paid and nonassessable.

Outstanding Stock. All issued and outstanding ------------------- shares of capital stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-non- assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in Capital Stock of the Company have and each of its Subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable, and were not issued in violation of any: (i) preemptive or other rights of any Person to acquire securities of the Company or (ii) applicable federal or state securities laws, and the rules and regulations promulgated thereunder.

Outstanding Stock. All issued and outstanding shares of capital stock and other equity interests in the Company Company, if any, have been duly authorized and validly issued and are fully paid and non-assessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of ----------------- the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable; all issued and outstanding shares of capital stock of each subsidiary of the Company have been duly authorized and validly issued and are fully paid and nonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company Subsidiary have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital ------------------ stock and equity interests in of the Company have has been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in Capital Stock of the Company have and each Subsidiary has been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessable.. （b） 未发行股份。发行人所有已发行和未发行的股份和股权均已经充分授权、有效发行且全额支付并无需加缴费用。

Outstanding Stock. All issued and outstanding shares of capital stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-non- assessable.

Outstanding Stock. All issued and outstanding shares of capital ----------------- stock and equity interests in of the Company have been duly authorized and validly issued and are fully paid and non-assessablenonassessable.

Outstanding Stock. All issued and outstanding shares of ----------------- capital stock and equity interests in of the Company have and each of its subsidiaries has been duly authorized and validly issued and are fully paid and non-assessable.