Selling Shareholder’s Representations and Warranties. 2.1. The Selling Shareholder represents and warrants to the Company that: (i) the Selling Shareholder owns and holds the Redemption Shares free and clear of all liens, encumbrances and claims of other persons or entities whatsoever and subject to no options, warrants, contracts, agreements, arrangements or understandings of any kind; and (ii) the Selling Shareholder has full power and authority to transfer and deliver the Redemption Shares to the Company in accordance with the terms of this Agreement, and the consummation of the redemption transaction provided for in this Agreement shall not constitute the breach of any term or provision of, or constitute a default under, any agreement or other instrument to which the Selling Shareholder is a party.
Appears in 5 contracts
Samples: Stock Redemption Agreement (Oro East Mining, Inc.), Stock Redemption Agreement (Terra Tech Corp.), Stock Redemption Agreement (Pulse Network, Inc.)
Selling Shareholder’s Representations and Warranties. 2.1. The Selling Shareholder represents and warrants to the Company that: (i) the Selling Shareholder owns and holds the Redemption Shares free and clear of all liens, encumbrances and claims of other persons or entities whatsoever and subject to no options, warrants, contracts, agreements, arrangements or understandings of any kind; and (ii) the Selling Shareholder has full power and authority to transfer and deliver the Redemption Shares to the Company in accordance with the terms of this Agreement, and (iii) the consummation of the redemption transaction provided for in this Agreement shall not constitute the breach of any term or provision of, or constitute a default under, any agreement or other instrument to which the Selling Shareholder is a party.
Appears in 3 contracts
Samples: Stock Redemption Agreement (Sharing Economy International Inc.), Stock Redemption Agreement (First American Group Inc.), Stock Redemption Agreement (First American Group Inc.)
