Common use of Ownership of Company Shares Clause in Contracts

Ownership of Company Shares. The issued and outstanding share capital of the Company will on to Closing consist of 100 shares of Common Stock, par value $0.001 (being the Company Shares), which shares on Closing shall be validly issued and outstanding as fully paid and non-assessable shares. The Vendor will be immediately prior to Closing the registered and beneficial owner of all of the Company Shares. The Vendor owns and will immediately prior to Closing own all of the Company Shares free and clear of any and all liens, charges, pledges, encumbrances, restrictions on transfer and adverse claims whatsoever;

Ownership of Company Shares. The issued and outstanding share capital of the Company will on to Closing consist of 100 1,000 shares of Common Stock, par value $0.001 .001 (being the Company Shares), which shares on Closing shall be validly issued and outstanding as fully paid and non-assessable shares. The Vendor Company Shareholders will be immediately prior to Closing the registered and beneficial owner of all of the Company Shares. The Vendor owns Company Shareholders own and will immediately prior to Closing own all of the Company Shares free and clear of any and all liens, charges, pledges, encumbrances, restrictions on transfer and adverse claims whatsoever;

Ownership of Company Shares. The issued and outstanding share capital ---------------------------- of the Company will on to Closing consist of 100 7,083,332 shares of Common Stock, par value $0.001 (being the Company Shares), which shares on Closing shall be validly issued and outstanding as fully paid and non-assessable shares. The Vendor Company Shareholders will be immediately prior to at Closing the registered and beneficial owner owners of all of the Company Shares. The Vendor owns Company Shareholders own and will immediately prior to on Closing own all of the Company Shares free and clear of any and all liens, charges, pledges, encumbrances, restrictions on transfer and adverse claims whatsoever;