Title to Company Shares. The Seller is the sole legal and beneficial owner of the Company Shares, and upon consummation of the purchase contemplated herein, the Purchaser will acquire from the Seller good and marketable title to the Company Shares, free and clear of all liens, claims, encumbrances or restrictions.
Appears in 3 contracts
Samples: Stock Purchase Agreement (Proelite, Inc.), Stock Purchase Agreement (GPS Industries, Inc.), Stock Purchase Agreement (GPS Industries, Inc.)
Title to Company Shares. The Seller is the sole legal and beneficial owner owners of the Company Shares, and upon consummation of the purchase contemplated herein, the Purchaser will acquire from the Seller good and marketable title to the Company Shares, free and clear of all liens, claims, encumbrances or restrictionsrestrictions (save for the restrictions required by applicable securities laws). No person has any agreement or option or any right capable of becoming an agreement for the purchase of the Company Shares.
Appears in 2 contracts
Samples: Purchase Agreement (Encore Brands, Inc.), Purchase Agreement (Encore Brands, Inc.)