Common use of Power, Authorization and Validity Clause in Contracts

Power, Authorization and Validity. 2.2.1 The Company and each Shareholder has the right, power, legal capacity and authority to enter into and perform its obligations under this Agreement, and all agreements to which the Company and each Shareholder is or will be a party that are required to be executed pursuant to this Agreement (the "Ancillary Agreements"). The execution, delivery and performance of this Agreement and the Ancillary Agreements have been duly and validly approved and authorized by the Company's Board of Directors and the Shareholders. Each Shareholder is an "accredited investor" as such term is defined in Rule 501 promulgated under the Securities Act of 1933, as amended (the "Securities Act").

Power, Authorization and Validity. 2.2.1 The Company and each Shareholder has all Shareholders have the right, power, legal capacity and authority to enter into and perform its their obligations under this Agreement, and all agreements to which each of the Company and each Shareholder is Shareholders are or will be a party that are required to be executed pursuant to this Agreement (the "Ancillary Agreements"). The execution, delivery and performance of this Agreement and the Ancillary Agreements have been duly and validly approved and authorized by the Company's Board of Directors and the Shareholdersall necessary actions under applicable law. Each Shareholder is an "accredited investor" as such term is defined in Rule 501 promulgated under the Securities Act of 1933, as amended (the "Securities Act").

Power, Authorization and Validity. 2.2.1 The Company and Shareholder each Shareholder has have the right, power, legal capacity and authority to enter into and perform its obligations under this Agreement, and all agreements to which each of the Company and each Shareholder is or will be a party that are required to be executed pursuant to this Agreement (the "Ancillary Agreements"). The execution, delivery and performance of this Agreement and the Ancillary Agreements have been duly and validly approved and authorized by the Company's Board of Directors and the Shareholdersall necessary actions under applicable law. Each Shareholder is an "accredited investor" as such term is defined in Rule 501 promulgated under the Securities Act of 1933, as amended (the "Securities Act").