Common use of Representations of Assignor Clause in Contracts

Representations of Assignor. Assignor hereby represents and covenants to Assignee that: a. Assignor has all requisite authority to execute and deliver this Agreement and any other document contemplated by this Agreement and to perform its obligations hereunder and to consummate the transactions contemplated hereby; b. The outstanding principal amount of the Note, as of February 8, 2013 is $63,000. c. Assignor’s interest in and to the Note are free and clear of all liens, encumbrances, obligations or defects which are of record prior to the date of this Agreement. d. Assignor is an "accredited investor" within the meaning of Regulation D, Rule 501(a), promulgated by the Securities and Exchange Commission under the Securities Act. e. Neither Assignor nor any of its officers and directors are now, or have been in the last 90-days, officers or directors of the Company, or beneficial holders of 10% or more of its stock

Representations of Assignor. Assignor hereby represents and covenants to Assignee that: a. Assignor has all requisite authority to execute and deliver this Agreement and any other document contemplated by this Agreement and to perform its obligations hereunder and to consummate the transactions contemplated hereby; b. The outstanding principal amount of the Note, as of February 8January 29, 2013 is $63,00050,000. c. Assignor’s interest in and to the Note are free and clear of all liens, encumbrances, obligations or defects which are of record prior to the date of this Agreement. d. Assignor is an "accredited investor" within the meaning of Regulation D, Rule 501(a), promulgated by the Securities and Exchange Commission under the Securities Act. e. Neither Assignor nor any of its officers and directors are now, or have been in the last 90-days, officers or directors of the Company, or beneficial holders of 10% or more of its stock f. The Note is currently in default. Any accrued but unpaid interest, and any penalties or other fees due to Assignor under the Note, have been and shall be waived and are not part of the principal amount thereof.

Representations of Assignor. Assignor hereby represents and covenants to Assignee that: a. Assignor has all requisite authority to execute and deliver this Agreement and any other document contemplated by this Agreement and to perform its obligations hereunder and to consummate the transactions contemplated hereby; b. The outstanding principal amount of the Note, as of February 8November 19, 2013 2014 is $63,00032,500.00. c. Assignor’s 's interest in and to the Note are is free and clear of all liens, encumbrances, obligations or defects which are of record prior to the date of this Agreement. d. Assignor is an "accredited investor" within the meaning of Regulation D, Rule 501(a501 (a), promulgated by the Securities and Exchange Commission under the Securities Act. e. Neither Assignor nor any of its officers and directors are arc now, or have been in the last 90-days, officers or directors of the Company, or beneficial holders of 10% or more of its stock