Common use of Authorization of the Common Stock Clause in Contracts

Authorization of the Common Stock. The shares of Common Stock to be sold pursuant to this Agreement have been duly authorized by the Company for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company against payment therefor pursuant to this Agreement, will be validly issued, fully paid and nonassessable, and the issuance and sale of such shares of Common Stock is not subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase such shares of Common Stock.

Authorization of the Common Stock. The shares of Common Stock outstanding prior to be sold pursuant to this Agreement the issuance of the Shares have been duly authorized by the Company for issuance and sale pursuant to this Agreement are validly issued, fully paid and non-assessable. The Shares have been duly authorized and, when issued issued, delivered and delivered by paid for in accordance with the Company against payment therefor pursuant to terms of this Agreement and any Terms Agreement, will be validly issued, fully paid and nonassessablenon-assessable, and the issuance and sale of such shares of Common Stock is the Shares will not be subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase such shares of Common Stockthat have not been validly waived.

Authorization of the Common Stock. The shares of Common Stock to be sold pursuant to this Agreement have been duly authorized by the Company for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company against payment therefor for the shares of Common Stock included in the Securities pursuant to this Agreement, will be validly issued, fully paid and nonassessable, and the issuance and sale of such the shares of Common Stock is will not be subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase such the shares of Common Stock.