Common use of Title to Subject Shares Clause in Contracts

Title to Subject Shares. Stockholder owns of record and beneficially the Subject Shares set forth under Stockholder's name on the signature page hereof and does not directly or indirectly own, either beneficially or of record, any shares of capital stock of the Company, or rights to acquire any shares of capital stock of the Company, other than the Subject Shares set forth below Stockholder's name on the signature page hereof. Stockholder has good and marketable title to the Subject Shares free and clear of any Encumbrance, and the transfer by Stockholder of any Exercised Shares hereunder will pass good and marketable title to such Exercised Shares free and clear of any Encumbrance.