Total Equity. (a) The total paid and verified registered capital of the Company is USD1,210,000. The Seller is the registered owner of the entire registered capital of the Company. (b) The Equity Interest is being transferred to the Purchaser by the ▇▇▇▇▇▇ free and clear of any Lien or other interests of any other third party whatsoever. (c) There are no contractual commitments in place under which the Company is obligated at any time to increase its registered capital as of the WOFE Closing Date unless otherwise specifically required by the Purchaser and agreed by the Seller. (d) There are no outstanding options with respect to the Company. (e) There will be at the WOFE Closing no restriction(s) on the transfer of the Equity Interest to the Purchaser whatsoever.
Appears in 2 contracts
Sources: Master Framework Agreement, Master Framework Agreement (CDC Corp)