Common use of Good and Valid Title Clause in Contracts

Good and Valid Title. 13 (iv) Absence of Manipulation.................................... 13 (v) No Violation of Regulation M............................... 14 (vi) Absence of Further Requirements............................ 14 (vii) Restriction on Sale of Securities.......................... 14 Page ---- (viii) Certificates Suitable for Transfer......................... 14 (ix) No Association with NASD................................... 14 (x) Form W-9................................................... 14 (c) Officer's Certificates................................................. 14 SECTION 2. Sale and Delivery to Underwriter; Closing................................... 15 (a) Initial Securities.................................................. 15 (b) Option Securities................................................... 15 (c) Payment............................................................. 15 (d) Denominations; Registration......................................... 15

Good and Valid Title. 13 12 (iv) Absence of Manipulation.................................... 13 ............................12 (v) No Violation of Regulation M............................... 14 (vi) Absence of Further Requirements............................ 14 (vii) Restriction on Sale of Securities.......................... 14 Page ---- (viii) Certificates Suitable for Transfer......................... 14 (ix) No Association with NASD................................... 14 (x) Form W-9................................................... 14 ....................13 (c) Officer's Certificates................................................. 14 ......................................13 SECTION 2. Sale and Delivery to Underwriter; Closing................................... 15 ...................13 (a) Initial Securities.................................................. 15 ..........................................13 (b) Option Securities................................................... 15 ...........................................13 (c) Payment............................................................. 15 .....................................................14 (d) Denominations; Registration......................................... 15.................................14 SECTION 3. Covenants of the Company....................................14 (a) Compliance with Securities Regulations and Commission Requests....................................................14 (b)

Good and Valid Title. 13 12 (iv) Absence of Manipulation.................................... 13 ...............................................................12 (v) No Violation of Regulation M............................... 14 (vi) Absence of Further Requirements............................ 14 .......................................................12 (viivi) Restriction on Sale of Securities.......................... 14 Page ---- (viii) Certificates Suitable for Transfer......................... 14 (ix) No Association with NASD................................... 14 (x) Form W-9................................................... 14 .....................................................12 (c) Officer's Certificates................................................. 14 .........................................................................13 SECTION 2. Sale and Delivery to UnderwriterUnderwriters; Closing................................... 15 .....................................................13 (a) Initial Securities.................................................. 15 .............................................................................13 (b) Option Securities................................................... 15 ..............................................................................13 (c) Payment............................................................. 15 ........................................................................................14 (d) Denominations; Registration......................................... 15....................................................................14 SECTION 3. Covenants of the Company.......................................................................14 (a) Compliance with Securities Regulations and Commission Requests.................................14 (b)

Good and Valid Title. 13 15 (iv) Due Execution of Power of Attorney and Custody Agreement.....................................15 (v) Absence of Manipulation.................................... 13 (v) No Violation of Regulation M............................... 14 .................................15 (vi) Absence of Further Requirements............................ 14 .........................15 (vii) Restriction on Sale of Securities.......................... 14 Page ---- .......................15 (viii) Certificates Suitable for Transfer......................... 14 ......................16 (ix) No Association with NASD................................... 14 (x) Form W-9................................................... 14 ................................16 (c) Officer's Certificates................................................. 14 ...........................................17 SECTION 2. Sale and Delivery to UnderwriterUnderwriters; Closing................................... 15 .......................17 (a) Initial Securities.................................................. 15 ...............................................17 (b) Option Securities................................................... 15 ................................................17 (c) Payment............................................................. 15 ..........................................................18 (d) Denominations; Registration......................................... 15......................................18

Good and Valid Title. 13 11 (iv) Absence Due Execution of Manipulation.................................... 13 Power of Attorney and Custody Agreement ................. 11 (v) No Violation Absence of Regulation M............................... 14 Manipulation .................................................. 12 (vi) Absence of Further Requirements............................ 14 Requirements .......................................... 12 (vii) Restriction on Sale of Securities.......................... 14 Page ---- Securities ........................................ 12 (viii) Certificates Suitable for Transfer......................... 14 Transfer ....................................... 12 (ix) No Association with NASD................................... 14 (x) Form W-9................................................... 14 NASD ................................................. 12 (c) Officer's Certificates................................................. 14 Certificates ................................................................ 13 SECTION 2. Sale and Delivery to UnderwriterUnderwriters; Closing................................... 15 Closing ............................................ 13 (a) Initial Securities.................................................. 15 Securities .................................................................... 13 (b) Option Securities................................................... 15 Securities ..................................................................... 13 i 3 (c) Payment............................................................. 15 Payment ............................................................................... 14 (d) Denominations; Registration......................................... 15Registration ........................................................... 14