Common use of Ownership and Transfer Clause in Contracts

Ownership and Transfer. Leap has good, valid and marketable title to ---------------------- the CellStar Pacific Shares, free and clear of all security interests, liens (xxxxxx or inchoate), encumbrances, mortgages, pledges, equities, charges, assessments, restrictions, reservations, defects in title and other burdens and interests of other persons, whether arising by contract or under law or equity (collectively, "Liens"). Consummation of the transactions contemplated hereby ----- will transfer to CellStar good, valid and marketable title to the CellStar Pacific Shares, free and clear of all Liens. The CellStar Pacific Stock constitutes all of the issued and outstanding shares of capital stock of CellStar Pacific Pte Ltd ever issued to, or beneficially owned, directly or indirectly, by Leap.

Ownership and Transfer. Leap has good, valid and marketable title to ---------------------- the CellStar Pacific Shares, free and clear of all security interests, liens (xxxxxx or inchoate), encumbrances, mortgages, pledges, equities, charges, assessments, restrictions, reservations, defects in title and other burdens and interests of other persons, whether arising by contract or under law or equity (collectively, "Liens"). Consummation of the transactions contemplated hereby ----- will transfer to CellStar Asia good, valid and marketable title to the CellStar Pacific Shares, free and clear of all Liens. The CellStar Pacific Stock constitutes all of the issued and outstanding shares of capital stock of CellStar Pacific Pte Ltd ever issued to, or beneficially owned, directly or indirectly, by Leap.