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

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing, and in good standing under the laws of California, has all requisite corporate power and authority to execute and deliver this Agreement and to carry out the provisions of this Agreement, and has all requisite corporate power and authority to transfer the Acquired Stock.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of California, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as presently proposed to be conducted, to execute and deliver this Agreement and to carry out issue and sell the provisions of this Agreement, and has all requisite corporate power and authority to transfer the Acquired Common Stock.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of California, has all requisite corporate power and authority to execute and deliver this Agreement and to carry out the provisions of this Agreement, and has all requisite corporate power and authority to transfer the Acquired Stock.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing, existing and in good standing under under, and by virtue of, the laws of the State of California, has all requisite corporate power and authority to execute own and deliver this Agreement operate its properties and assets and to carry out on its business as now conducted and as proposed to be conducted. The Company is currently not qualified to transact business as a foreign corporation in any other jurisdictions. The failure to so qualify to transact business will not have a material adverse effect, however, on the provisions of this Agreement, and has all requisite corporate power and authority to transfer the Acquired StockCompany's business (as currently conducted).

Organization; Good Standing; Qualification. (a) The Company is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of California, is qualified to conduct business and is in both corporate and tax good standing under the laws of each jurisdiction in which the nature of its business or the ownership or leasing of its properties requires such qualification. The Company has all the requisite corporate power and authority to execute own and deliver this Agreement operate its properties and assets, and to carry out the provisions of this Agreementhereof and thereof, and has all requisite corporate power and authority to transfer the Acquired Stockcarry on its business as currently conducted.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing, and in good standing under the laws of California, has all requisite corporate power and authority to execute and deliver this Agreement and to carry out the provisions of this Agreement, and has all requisite corporate power and authority to transfer the Acquired Granted Stock.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of California, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute and deliver this Agreement and to issue and sell the Shares and to carry out the provisions of this Agreement. The Company is not qualified to transact business as a foreign corporation in any other jurisdiction, and has all requisite corporate power and authority to transfer the Acquired Stocksuch qualification is not now required.

Organization; Good Standing; Qualification. (a) The Company is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of California and is qualified to conduct business in the State of California, . The Company is not qualified to transact business in any other jurisdiction. The Company has all requisite corporate power and authority to execute own and deliver this Agreement operate its properties and assets and to carry out the provisions of this Agreement, hereof and has all requisite corporate power and authority to transfer the Acquired Stockcarry on its business as currently conducted.