Common use of Ownership of the Target Shares Clause in Contracts

Ownership of the Target Shares. As of the date hereof, each of the Selling Shareholders is the beneficial owner of the Target Shares set forth opposite its name on Schedule 3.3 attached hereto, which also indicates the record holder of such Target Shares. The Target Shares set forth opposite the Selling Shareholder’s name on Schedule 3.3 attached hereto (i) are free and clear of any lien or encumbrance and (ii) there are no shareholder agreements, voting trusts, proxies or other agreements or understandings with respect to such Shares which will prohibit, restrict or affect the performance of the Selling Shareholder’s obligations under this Agreement.

Ownership of the Target Shares. As of the date hereof, each of the Selling Shareholders is the beneficial owner of the Target Shares set forth opposite its name on Schedule 3.3 attached hereto, which also indicates the record holder of such Target Shares. The Target Shares set forth opposite the each Selling Shareholder’s name on Schedule 3.3 attached hereto (i) are free and clear of any lien or encumbrance and (ii) there are no shareholder agreements, voting trusts, proxies or other agreements or understandings with respect to such Shares which will prohibit, restrict or affect the performance of the Selling Shareholder’s Shareholders obligations under this Agreement.