Geo Impex India Equity Interests Clause Samples

Geo Impex India Equity Interests. (a) None of the Geo Impex India Shares held by Global Impex or the M▇▇▇▇ CDM/G▇▇ Impex India Shares were issued in violation of the preemptive or other rights of any members, shareholders or other Person. (b) There are no outstanding or authorized Derivatives with respect to Geo Impex India. Geo Impex India does not have outstanding or authorized any stock appreciation, phantom stock, profit participation or similar rights. There are no voting trusts, stockholder agreements, member agreements proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the Geo Impex India Shares. (c) Global Impex is the record and beneficial owner of, and has good title to 5,574,005 Geo Impex India Shares, free and clear of all Liens. The Geo Impex India Shares held by Global Impex represent 48.01% of the equity interests of Geo Impex India. As of the Closing, none of the Geo Impex India Shares held by Global Impex is subject to pre-emptive or similar rights, either pursuant to any Organizational Document of any Geo Impex Party, requirement of Laws or any Contract, and Global Impex does not have any pre-emptive rights or similar rights to purchase or receive any Geo Impex India Shares or other interests in Geo Impex India. (d) M▇▇▇▇ CDM is the record and beneficial owner of, and has good title to the M▇▇▇▇ CDM/G▇▇ Impex India Shares, free and clear of all Liens. The M▇▇▇▇ CDM/G▇▇ Impex India Shares represent 38.21% of the equity interests of Geo Impex India. None of the M▇▇▇▇ CDM/G▇▇ Impex India Shares is subject to pre-emptive or similar rights, either pursuant to any Organizational Document of any Geo Impex Party, requirement of Laws or any Contract, and M▇▇▇▇ CDM does not have any pre-emptive rights or similar rights to purchase or receive any Geo Impex India Shares or other interests in Geo Impex India.