Common use of Approvals for Issuance of Ordinary Shares Clause in Contracts

Approvals for Issuance of Ordinary Shares. When issued in accordance with the provisions of this Agreement and the Subscription Agreement, the Ordinary Shares issuable upon exercise of the Warrants will be validly issued and fully paid, and will be free of any taxes, liens, charges or encumbrances of any nature whatsoever. Subject to obtaining the Shareholder Approvals (as defined in the PIPE Subscription Agreement) pursuant to the PIPE Subscription Agreement, the Company shall at all times maintain all requisite approvals to issue Ordinary Shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.