Common use of Issuance of the Units Clause in Contracts

Issuance of the Units. The Units, and each component or underlying security, are duly authorized and, when issued and paid for in accordance with this Subscription Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all liens, and not subject to any preemptive rights. The Company will reserve from its duly authorized capital stock a number of shares of Common Stock required for issuance of the Warrant Shares.

Issuance of the Units. The Units, and each component or underlying securitythe Shares issuable under the Units and the Warrant Shares, are have been duly authorized and, when issued and paid for in accordance with this Subscription Agreementthe Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all liens, liens and not subject to any preemptive rightsencumbrances. The Company will reserve has reserved from its duly authorized capital stock a number of the shares of Common Stock required for issuance of issuable pursuant to this Subscription Agreement and the Warrants in order to issue the Shares and the Warrant Shares.

Issuance of the Units. The Units, and each component or underlying security, are Units have been duly authorized and, when issued and paid for in accordance with this Subscription Agreementthe Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all liens, liens and not subject to any preemptive rightsencumbrances. The Company will reserve has reserved from its duly authorized capital stock a number of the shares of Common Stock required for issuance of issuable pursuant to this Agreement and the Warrants in order to issue the Shares and the Warrant Shares.

Issuance of the Units. The Units, and each component or underlying security, are Units have been duly authorized and, when issued and paid for in accordance with this Subscription Agreementthe Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all liens, liens and not subject to any preemptive rightsencumbrances. The Company will reserve has reserved from its duly authorized capital stock a number of the shares of Common Stock required for issuance of issuable pursuant to this Subscription Agreement and the Warrants in order to issue the Shares and the Warrant Shares.

Issuance of the Units. The Units, and each component or underlying security, are Units have been duly authorized and, when issued and paid for in accordance with this Subscription Agreementthe Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all liens, liens and not subject to any preemptive rightsencumbrances. The Company will reserve has reserved from its duly authorized capital stock a number of the shares of Common Stock required for issuance of issuable pursuant to this Subscription Agreement and the Warrants in order to issue the Shares and the Warrant Shares.. The Company represents, warrants and covenants that:

Issuance of the Units. The Units, and each component or underlying security, are duly authorized and, when issued and paid for in accordance with this Subscription Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all liens, and not subject to any preemptive rights. The Company will reserve from its duly authorized capital stock a number of shares of Common Stock required for issuance of the Conversion Shares and Warrant Shares.