Valid Title; Capitalization Clause Samples

Valid Title; Capitalization. Such CaymanCo Shareholder is the record and beneficial owner of the CaymanCo Shares set forth opposite such CaymanCo Shareholder’s name on Schedule A-1, free and clear of any Lien, and will transfer and deliver to the Company at the Closing valid title to such CaymanCo Shares free and clear of any Lien. Except for any CaymanCo Shares set forth on Schedule A-1 or any CaymanCo Shares held by the Company, there are no outstanding (i) CaymanCo Shares or other equity interest or voting securities of CaymanCo, (ii) securities of CaymanCo convertible into or exchangeable for CaymanCo Shares or other equity interest or voting securities of CaymanCo, or (iii) options or other rights to acquire from CaymanCo, or other obligation of CaymanCo to issue, any capital stock, voting securities or securities convertible into or exchangeable for capital stock or voting securities of CaymanCo. Upon the consummation of the transactions under Section 2.01 by all of the CaymanCo Shareholders, the Company will be the record and beneficial owner of all of the outstanding CaymanCo Shares.