Common use of COMMON STOCK TO BE Clause in Contracts

COMMON STOCK TO BE. DULY AUTHORIZED AND ISSUED, FULLY PAID AND NONASSESSABLE. The Company covenants and agrees that it will take all such action as may be necessary to ensure that all shares of Common Stock delivered upon exercise of the Warrant 3 shall, at the time of delivery of the certificates for such shares, be duly and validly authorized and issued and fully paid and non-assessable shares.

COMMON STOCK TO BE. DULY AUTHORIZED AND ISSUED, FULLY PAID AND NONASSESSABLE. The Company covenants and agrees that it will take all such action as may be necessary to ensure that all shares of Common Stock delivered upon the exercise of the Warrant 3 shallany Warrants, at the time of delivery of the certificates for such shares, shall be duly and validly authorized and issued and fully paid and non-assessable sharesnonassessable, free of any preemptive rights and free of any pledge, security interest, lien or other encumbrance.