Common use of Organization; Good Standing; Qualification Clause in Contracts

Organization; Good Standing; Qualification. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada. The Company is duly qualified and is authorized to transact business and is in good standing as a foreign corporation in each jurisdiction in which the failure to so qualify would have a material adverse effect on the Company’s business, properties or financial condition.

Organization; Good Standing; Qualification. The Company is a corporation duly organized and organized, validly existing existing, and in good standing under the laws of the State of Nevada. The Company is duly qualified , has all requisite corporate power and is authorized authority to transact own and operate its properties and assets and to carry on its business as now conducted and is in good standing as a foreign corporation in each jurisdiction in which presently proposed to be conducted, to execute and deliver this Agreement, to issue and sell the failure Shares, and to so qualify would have a material adverse effect on carry out the Company’s business, properties or financial conditionprovisions of this Agreement.

Organization; Good Standing; Qualification. The Company is a corporation duly organized and organized, validly existing existing, and in good standing under the laws of the State of Nevada. The Company is duly qualified , has all requisite corporate power and is authorized authority to transact own and operate its properties and assets and to carry on its business as now conducted and is in good standing as a foreign corporation in each jurisdiction in which presently proposed to be conducted, to execute and deliver this Agreement, to issue the failure Shares, and to so qualify would have a material adverse effect on carry out the Company’s business, properties or financial conditionprovisions of this Agreement.

Organization; Good Standing; Qualification. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada. The Company is duly qualified and is authorized to transact business and is in good standing as a foreign corporation in each jurisdiction in which the failure to so qualify would (either singly or taken together) could reasonably be expected to have a material adverse effect Material Adverse Effect on the Company’s business, properties or financial condition. The Company is the sole shareholder of the Subsidiary.

Organization; Good Standing; Qualification. The Company is a corporation duly organized and organized, validly existing existing, and in good standing under the laws of the State of Nevada. The Company is duly qualified , and is authorized has all requisite power and authority to transact own and operate its properties and assets and to carry on its business as now conducted and is in good standing as a foreign corporation in each jurisdiction in which the failure presently proposed to so qualify would have a material adverse effect on the Company’s business, properties or financial conditionbe conducted.

Organization; Good Standing; Qualification. The Company is a corporation duly organized and organized, validly existing existing, and in good standing under the laws of the State of Nevada. The Company is duly qualified , has all requisite corporate power and is authorized authority to transact own and operate its properties and assets and to carry on its business as now conducted and is in good standing as a foreign corporation in each jurisdiction in which presently proposed to be conducted, to execute and deliver this Agreement, to issue and sell the failure Notes and the Conversion Shares, and to so qualify would have a material adverse effect on carry out the Company’s business, properties or financial conditionprovisions of this Agreement and the Charter.