All corporate action on the part of the Company, its
officers, directors and stockholders necessary for the authorization of this Agreement, the [ performance of all obligations of the Company hereunder and thereunder ]at the Closing and the authorization, sale, issuance and delivery of the Stock and Option Stock has been taken or will be taken prior to the Closing.
[ Upon its execution and delivery, this Agreement will be a valid and binding obligation of the Company ], enforceable in accordance with its terms.
As far as the THE BLACK‘S says, excute as a vb, can mean "perform and complete a contract or duty", but execution therein doesn‘t contain the corresponding meaning as a noun.