Common use of Power and Authority of Buyer Clause in Contracts

Power and Authority of Buyer. (a) Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada (b) Buyer has full power and authority to execute and deliver this Agreement and any other instruments to be ex­ecuted and delivered by Buyer in connection herewith and therewith and to consummate the transactions contemplated hereby and thereby and all acts required to be taken by or on the part of Buyer to carry out this Agreement, and such other instru­ments and transactions contemplated hereby and thereby have been duly and properly taken; and this Agreement has been, and such other instruments will be, duly executed and delivered by Buyer. This Agreement and such other instru­ments will consti­tute legal, valid and binding obligations of Buyer, enforce­able in accordance with their respective terms (sub­ject, as to the enforcement or reme­dies, to applicable bankrupt­cy, reorgani­zation, insolvency, moratorium or other similar laws affecting the enforcement of creditors' rights generally from time to time in effect).