The Shares constitute all of the issued and outstanding stock in the Company and there are no outstanding Commitments regarding the stock of the Company. The Shares are issued and outstanding and are owned by the Seller free and clear of any Liens (other than LSB Debt Released Liens). The Shares have been duly authorized and validly issued and are fully paid and non-assessable. There are no outstanding Commitments that would permit any Person to acquire any stock in the Company.
capitalization