Status of Company Clause Samples

Status of Company. The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada, and is licensed or qualified as a foreign corporation in all states in which the nature of its business or the character or ownership of its properties makes such licensing or qualification necessary.

Status of Company. Company enters into this Agreement for itself and as agent for and on behalf of the other Co-Venturers. Without prejudice to the provisions of Clause 23.7 and notwithstanding the above, all losses, damages, costs (including legal costs) and expenses recoverable by Company pursuant to this Agreement or otherwise shall include the losses, damages, costs (including legal costs) and expenses of Company’s Co-Venturers and its and their respective Affiliates except that such losses, damages, costs (including legal costs) and expenses shall be subject to the same limitations or exclusions of liability as are applicable to either Party under this Agreement. For the avoidance of doubt any and all limitations of Contractor’s liability set out in this Agreement shall represent the aggregate cumulative liability of the liability of the Contractor Group to the Company Group.

Status of Company. Company enters into this Order for itself and on behalf of its Co-Venturers. Contractor shall look only to Company for the performance of this Order and waives any and all rights to make or pursue any claim against Company’s Co- Venturers on whose behalf Company is acting. Company is entitled to enforce this Order on behalf of itself and such Co-Venturers.

Status of Company. The Company is a corporation duly organized, validly existing, and in good standing under the laws of Ontario, Canada, and is licensed or qualified as a foreign corporation in all states in which the nature of its business or the character or ownership of its properties makes such licensing or qualification necessary.

Status of Company. The COMPANY enters into the CONTRACT for itself and on behalf of the other CO-VENTURERS. Notwithstanding the above: a) subject to the provisions of this article 22 and without prejudice to the principle of several liabilities amongst the CO-VENTURERS, PTTEPI and PTTEP ED have appointed PTTEP as their sole agent and representative in all matters arising in connection with its obligations as the COMPANY. Said agent shall be the single point of contact with the CONTRACTOR; b) the CONTRACTOR agrees to look only to PTTEP for the due performance of this CONTRACT insofar as it is related to the Arthit Consortium and nothing contained in this CONTRACT shall impose any liability on, or entitle the CONTRACTOR to commence any proceedings against any CO-VENTURERS in the Arthit Consortium; c) the CONTRACTOR agrees to look only to PTTEPI for the due performance of this CONTRACT insofar as it is related to G8/50 Consortium and nothing contained in the CONTRACT shall impose any liability on, or entitle the CONTRACTOR to commence any proceedings against any CO-VENTURERS in the G8/50 Consortium; d) Not applicable; e) the CONTRACTOR agrees to look only to PTTEP ED for the due performance of this CONTRACT insofar as it is related to the G1/61 Consortium and nothing contained in the CONTRACT shall impose any liability on, or entitle the CONTRACTOR to commence any proceedings against any CO-VENTURERS in the G1/61 Consortium; f) the CONTRACTOR agrees not to look to PTTEP for the due performance of this CONTRACT insofar as it is related to Blocks G8/50, G1/61 Consortium and/or G2/61; g) the CONTRACTOR agrees not to look to PTTEPI for the due performance of this CONTRACT insofar as it is related to Arthit Concession, Production Sharing Contract for G1/61 and/or Production Sharing Contract for G2/61; h) the CONTRACTOR agrees not to look to PTTEP ED for the due performance of the CONTRACT insofar as it is related to Arthit Concession and/or G8/50 Concession; i) the CONTRACTOR agrees to look only to the COMPANY for the due performance of this CONTRACT and nothing contained in this CONTRACT shall impose any liability on, or entitle the CONTRACTOR to commence any proceedings against, any CO-VENTURERS other than the COMPANY; j) the COMPANY is entitled to enforce this CONTRACT on behalf of all CO-VENTURERS as well as for itself. For that purpose, the COMPANY shall commence proceedings in its own name to enforce all obligations and liabilities of the CONTRACTOR and to make any CLAIM any C...

Status of Company. The Company is a corporation duly incorporated, validly existing, and in good standing with respect to the filing of annual reports under the laws of Canada, is duly extra-provincially registered in the Province of British Columbia and has the power and capacity to own its assets, to carry on its business and to enter into this Agreement and carry out its terms.

Status of Company. EMPIRE is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware.

Status of Company. The Company enters into this Contract for itself and as agent for and on behalf of the other Co-venturers. Notwithstanding the foregoing: (a) the Contractor agrees to look only to the Company for the due performance of this Contract and nothing contained in this Contract will impose any liability upon, or entitle the Contractor to commence any proceedings against any Co-venturer other than the Company; and (b) the Company is entitled to enforce this Contract on behalf of all the Co-venturers as well as for itself. For that purpose the Company may commence proceedings in its own name to enforce all obligations and liabilities of the Contractor and to make any claim which any Co-venturer may have against the Contractor; and (c) all losses, damages, costs (including legal costs) and expenses recoverable by the Company pursuant to this Contract or otherwise shall include the losses, damages, costs (including legal costs) and expenses of the Company’s Co-venturers and its and their respective Affiliates, except that such losses, damages, costs (including legal costs) and expenses shall be subject to the same limitations or exclusions of liability as are applicable to Company or the Contractor under the Contract.

Status of Company. Company is a corporation duly organized and ------------------- validly existing under the laws of the State of Missouri and has all necessary power and authority to carry on the business as now conducted and to own or lease and operate its properties and assets. The authorized capital stock of Company consists of 100,000 shares of Common Stock, $1.00 par value per share. As of the Effective Date, there are 100,000 shares of Common Stock issued and outstanding. All such outstanding shares have been duly authorized and validly issued and are fully paid and non-assessable. There are no outstanding options, warrants, rights, calls, commitments, conversion rights, rights of exchange, plans or other agreements of any character providing for the purchase, issuance or sale of any shares of the capital stock of Company, other than as contemplated by this Purchase Agreement. Company has the power and authority to enter into the Transaction Documents and to carry out Company's obligations thereunder. The execution and delivery of the Transaction Documents to which Company is a party and the consummation of the Transaction have been duly and validly authorized by Company, and no other proceedings on the part of Company are necessary to authorize the Transaction or the Transaction Documents. This Purchase Agreement has been duly and validly executed and delivered by each of Company and Shareholder, and constitutes the valid and binding agreement of each of Company and Shareholder enforceable against each of them, in accordance with its terms. Each Transaction Document to be executed and delivered at the Closing and/or the Effective Date by Company or Shareholder will upon such execution and delivery constitute the valid and binding agreement of Company and Shareholder enforceable against each of them, in accordance with its terms.