Authority to Exchange. As of the date of this Agreement, SHAREHOLDERS hold 100% of the shares of SLAIT common stock. Such shares are owned of record and beneficially by SHAREHOLDERS and such shares are not subject to any lien, encumbrance or pledge. SHAREHOLDERS hold authority to exchange such shares pursuant to this Agreement.
Appears in 2 contracts
Samples: Plan of Reorganization (Forlink Software Corp Inc), Plan of Reorganization (Forlink Software Corp Inc)