Common use of Good and Valid Title Clause in Contracts

Good and Valid Title. 14 (iii) Due Execution of Custody Agreement and [CARAT] Power of Attorney............................... 14 (iv) Absence of Manipulation......................... 15 (v) Absence of Further Requirements................. 15 (vi) Certificates Suitable for Transfer; Instruments of Transfer [CARAT]................. 15 (vii) No Association with NASD........................ 15

Good and Valid Title. 14 11 (iiiiv) Due Execution of Custody Agreement and [CARAT] Power of Attorney............................... 14 (iv) Absence of Manipulation......................... 15 Attorney and Custody Agreement.............................................................................11 (v) Absence of Manipulation..............................................11 (vi) Absence of Further Requirements................. 15 ......................................11 (vivii) Restriction on Sale of Securities...........................12 (viii) Certificates Suitable for Transfer; Instruments of Transfer [CARAT]................. 15 ...................................12 (viiix) No Association with NASD........................ 15.............................................12 (c) Officer's Certificates................................................................12

Good and Valid Title. 14 (iii) Due Execution of Custody Agreement and [CARAT] Power of Attorney............................... ..................... 14 (iv) Absence of Manipulation......................... ...................................................... 15 (v) Absence of Further Requirements................. .............................................. 15 (vi) Certificates Suitable for Transfer; Instruments of Transfer [CARAT]................. Transfer.................. 15 (vii) No Association with NASD........................ ..................................................... 15

Good and Valid Title. 14 15 (iiiiv) Due Execution of Custody Agreement and [CARAT] Power of Attorney............................... 14 (iv) Absence of Manipulation......................... 15 Attorney and Custody Agreement...................... 16 (v) Absence of Manipulation....................................................... 16 (vi) Absence of Further Requirements................. 15 ............................................... 16 (vivii) Restriction on Sale of Securities............................................. 17 (viii) Certificates Suitable for Transfer; Instruments of Transfer [CARAT]................. 15 ............................................ 17 (viiix) No Association with NASD........................ 15...................................................... 18 (c) Officer's Certificates................................................................. 18

Good and Valid Title. 14 10 (iiiiv) Due Execution of Custody Agreement and [CARAT] Power of Attorney............................... 14 (iv) Absence of Manipulation......................... 15 the Ancillary Agreements.............................................10 (v) Absence of Manipulation...............................................................11 (vi) Absence of Further Requirements................. 15 .......................................................11 (vivii) Restriction on Sale of Securities.....................................................11 (viii) Certificates Suitable for Transfer; Instruments of Transfer [CARAT]................. 15 ....................................................11 (viiix) No Association with NASD........................ 15..............................................................11 (x) Conveyance of Assets to the Company...................................................12 (c) Officer's Certificates.........................................................................12