AUTHORITY; OWNERSHIP. Seller has the full legal right, power, and authority to enter into this Agreement. Seller owns beneficially (subject to any community property interest of his or her spouse) and of record the Company Shares as described in this Agreement and the Company Shares owned by Seller are owned free and clear of all Liens other than standard state and federal securities laws private offering restrictions.
Appears in 3 contracts
Sources: Stock Purchase Agreement (Internet Law Library Inc), Stock Purchase Agreement (Internet Law Library Inc), Stock Purchase Agreement (Internet Law Library Inc)