Share Ownership and Possession of Shares. Sellers and the Mallets are as of the date hereof the record and beneficial owners of the type and amount of the Shares set forth in Section 4.4 of the Sellers Disclosure Schedule. The Sellers Disclosure Schedule also sets forth the ownership and rights with regard to each type of the Shares as of the date of this Agreement. Sellers and the Mallets shall as of the Initial Closing Date or the Subsequent Closing Date, as applicable, have valid title to all the Shares, free and clear of all Encumbrances, with the full legal right, authority and power to sell and transfer such Shares to Purchaser in accordance with the terms of this Agreement in the case of the Sellers. None of the Sellers or the Mallets, or their respective Affiliates, own any other equity interest in the Company or Company Subsidiaries.
Share Ownership and Possession of Shares. The Selling Shareholders together are the sole record and beneficial owner of 940 Shares, which represents 100.00% of the issued and outstanding Shares of the Company. The amount of Shares and percentage of ownership of the outstanding Shares of each Selling Shareholder is as shown on Exhibit A attached hereto. The Company has 60 Shares held in its treasury. The Shares are now, and at all times during the term of the Notes, shall be free and clear of all Encumbrances whatsoever.
