Common use of Issuance, Sale and Delivery of the Shares Clause in Contracts

Issuance, Sale and Delivery of the Shares. The Shares have been duly authorized for issuance and sale to the Purchasers pursuant to this Agreement, and, when issued, sold and delivered in accordance with this Agreement against payment therefore of the consideration expressed herein, will be duly and validly issued, fully paid and non-assessable and will be free of restrictions on transfer other than restrictions on transfer set forth under this Agreement. The issuance of the Shares is not subject to preemptive rights.

Issuance, Sale and Delivery of the Shares. The Shares have been duly authorized for issuance and sale to the Purchasers pursuant to this Agreement, andShares, when issued, sold delivered and delivered paid for in accordance with the manner set forth in this Agreement against payment therefore of the consideration expressed hereinAgreement, will be duly and authorized, validly issued, fully paid and non-assessable nonassessable and will shall be free and clear of all encumbrances and restrictions on transfer other than except for any restrictions on transfer set forth under in this AgreementAgreement or imposed by applicable federal and state securities laws. The No preemptive rights or other rights to subscribe for or purchase exist with respect to the issuance and sale of the Shares is not subject by LGI pursuant to preemptive rightsthis Agreement.