 Who has the power to own or lease its assets and conduct its business?
The Purchaser is duly incorporated and validly existing under the laws of the State of Neveda, and has all requisite corporate power and authority to own or lease its properties and assets and to conduct its business as it is presently being conducted. The Purchaser is qualified to do business and is in good standing in each jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect upon its assets, properties, financial condition, results of operations or business.
Purchaser