Common use of OWNERSHIP OF SHARES, ETC Clause in Contracts

OWNERSHIP OF SHARES, ETC. Schedule I hereto correctly sets --------------------------- forth the number of shares of Palomar Common Stock owned by the Shareholder or with respect to which such Shareholder has sole or shared voting power, and the Shareholder has good and marketable title to all such shares of Palomar Common Stock free and clear of any liens, security interests, charges or other encumbrances of any kind or nature except as set forth on Schedule I.

OWNERSHIP OF SHARES, ETC. Schedule I hereto correctly sets --------------------------- ------------------------ forth the number of shares of Palomar Common Stock owned by the Shareholder or with respect to which such Shareholder has sole or shared voting power, and the Shareholder has good and marketable title to all such shares of Palomar Common Stock free and clear of any liens, security interests, charges or other encumbrances of any kind or nature except as set forth on Schedule I.