Common use of Target Shares Clause in Contracts

Target Shares. The Seller holds of record and owns beneficially 100 Target Shares of the Target, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds Sellers hold of record and owns own beneficially 100 15,000,000 Target Shares of the TargetShares, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is Sellers are not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller Sellers to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller is Sellers are not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds of record and owns beneficially 100 the Target Shares of the Target, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxestaxes, Security InterestsLiens, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds of record and owns beneficially 100 the Target Shares of the Target, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds Such Seller, together with the other Sellers, hold of record and owns own beneficially 100 all of the outstanding Target Shares of the Target, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, claims and demands. The Such Seller is not a party to any option, warrant, purchase right, right or other contract or commitment that could require the such Seller to sell, transfer, transfer or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller has full voting power over the Target Shares and is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock Target Shares. Other than this Agreement, there is no agreement between any Seller and any other Person with respect to the disposition of the Target. The Seller is an Accredited InvestorTarget Shares.

Target Shares. The Seller holds of record and owns beneficially 100 the Target Shares of the Target(as set forth on Exhibit A), free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds of record and owns beneficially 100 all of the issued and outstanding Target Shares of the Target, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds of record and owns beneficially 100 Target Shares all of the Targetissued and outstanding Target Shares, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security InterestsLiens, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds of record and owns beneficially 100 Target Shares all of the Targetissued and outstanding Target Shares, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security InterestsLiens, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment (other than this Agreement) that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement)Target. The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds of record and owns beneficially 100 all Target Shares of the TargetShares, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.

Target Shares. The Seller holds Sellers hold of record and owns own beneficially 100 Target Shares all of the TargetTarget Shares, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands). The No Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the such Seller to sell, transfer, or otherwise dispose of any capital stock of the Target (other than this Agreement). The No Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Target. The Seller is an Accredited Investor.