Common use of Capitalization of E-RENTER USA Clause in Contracts

Capitalization of E-RENTER USA. (a) The authorized capital stock of E-RENTER consists of E-RENTER common Shares, no par value, twenty (20) shares of common stock is currently issued and outstanding. All of the outstanding E-RENTER Shares have been duly authorized and validly issued, and are fully paid, non-assessable and free of pre-emptive rights.

Appears in 4 contracts

Samples: Agreement and Plan of Share Exchange (E-RenterUSA, Inc.), Agreement and Plan of Share Exchange (E-RenterUSA, Inc.), Agreement and Plan of Share Exchange (E-RenterUSA, Inc.)

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