Common use of Reservation of Shares of Common Stock Clause in Contracts

Reservation of Shares of Common Stock. The Company will at all times through the Expiration Date reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock, for the purpose of enabling it to satisfy any obligation to issue shares of Common Stock upon exercise of Warrants, the maximum number of shares of Common Stock that may then be deliverable upon the exercise of all outstanding Warrants, and the Transfer Agent is hereby irrevocably authorized and directed at all times to reserve such number of authorized and unissued or treasury shares of Common Stock as shall be required for such purpose. The Company will keep a copy of this Warrant Agreement on file with such Transfer Agent and with every transfer agent for any Shares issuable upon the exercise of Warrants pursuant to Section 9. The Warrant Agent is hereby irrevocably authorized to requisition from time to time from such Transfer Agent stock certificates issuable upon exercise of outstanding Warrants, and the Company will supply such Transfer Agent with duly executed stock certificates for such purpose. The Company covenants that all shares of Common Stock that may be issued upon exercise of Warrants will be, upon payment of the aggregate Exercise Price and issuance thereof (in the case of an exercise), fully paid, nonassessable, free of preemptive rights and free from all taxes, liens, charges and security interests with respect to the issue thereof (other than any liens, charges and security interests created by the Warrant holder or the person to which the shares of Common Stock are to be issued).

Reservation of Shares of Common Stock. The Company will at all times through the Expiration Date reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock, for For the purpose of enabling it to satisfy any obligation to issue shares of Common Stock upon exercise of Warrants, the maximum Company will at all times through the Close of Business on the Expiration Date, reserve and keep available, free from preemptive rights and out of its aggregate authorized but unissued shares of Common Stock, the number of shares of Common Stock that may then be deliverable upon the exercise of all outstanding Warrants, Warrants and the Transfer Agent is hereby irrevocably authorized and directed at all times to reserve such number of authorized and unissued or treasury shares of Common Stock as shall be required for such purpose. The Company will keep a copy of this Warrant Agreement on file with such Warrants Agent, in its capacity as Transfer Agent and with every transfer agent for any Shares issuable upon the exercise of Warrants pursuant to Section 9. The Warrant Agent Agent, is hereby irrevocably authorized to requisition from time to time from such Transfer Agent stock certificates issuable upon exercise of outstanding Warrants. Before taking any action that would cause an adjustment pursuant to Section 13(b) reducing the Exercise Price below the then par value (if any) of the shares of Common Stock issuable upon exercise of the Warrants, and the Company will supply such Transfer Agent with duly executed stock certificates for such purposetake any corporate action that may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock at the Exercise Price as so adjusted. The Company covenants that all shares of Common Stock that may be issued upon exercise of the Warrants will bewill, upon payment issuance in accordance with the terms of the aggregate Exercise Price this Agreement, be fully paid and issuance thereof (in the case of an exercise), fully paid, nonassessable, free of preemptive rights nonassessable and free from all taxes, liens, charges and security interests with respect to the issue thereof (other than any liens, charges and security interests created by or imposed upon the Warrant holder or Company with respect to the person to which the shares of Common Stock are to be issued)issuance thereof.

Reservation of Shares of Common Stock. The Company will at all times through the Expiration Date reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock, for For the purpose of enabling it to satisfy any obligation to issue shares of Common Stock upon exercise of Warrants, the maximum Company will, at all times through the Close of Business on the Expiration Date, reserve and keep available, free from preemptive rights and out of its aggregate authorized but unissued shares of Common Stock, the number of shares of Common Stock that may then be deliverable upon the exercise of all outstanding Warrants, and the Transfer Agent is hereby irrevocably authorized and directed at all times to reserve such number of authorized and unissued or treasury shares of Common Stock as shall be required for such purpose. The Company will keep a copy of this Warrant Agreement on file with such Warrants Agent, in its capacity as Transfer Agent and with every transfer agent for any Shares issuable upon the exercise of Warrants pursuant to Section 9. The Warrant Agent Agent, is hereby irrevocably authorized to requisition from time to time from such Transfer Agent stock certificates issuable upon exercise of outstanding Warrants. Before taking any action that would cause an adjustment pursuant to Section 13 (b) reducing the Exercise Price below the then par value (if any) of the shares of Common Stock issuable upon exercise of the Warrants, and the Company will supply such Transfer Agent with duly executed stock certificates for such purposetake any corporate action that may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock at the Exercise Price as so adjusted. The Company covenants that all shares of Common Stock that may be issued upon exercise of the Warrants will bewill, upon payment issuance in accordance with the terms of the aggregate Exercise Price this Agreement, be fully paid and issuance thereof (in the case of an exercise), fully paid, nonassessable, free of preemptive rights nonassessable and free from all taxes, liens, charges and security interests with respect to the issue thereof (other than any liens, charges and security interests created by or imposed upon the Warrant holder or Company with respect to the person to which the shares of Common Stock are to be issued)issuance thereof.

Reservation of Shares of Common Stock. The Company will at all times through the Expiration Date reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock, for the purpose of enabling it to satisfy any obligation to issue shares of Common Stock upon exercise of Warrants, the maximum number of shares of Common Stock that which may then be deliverable upon the exercise of all outstanding Warrants, . The Company or the transfer agent for Common Stock and every subsequent transfer agent for any shares of the Company’s capital stock issuable upon the exercise or of any of the rights of purchase represented by the Warrants as aforesaid (the “Transfer Agent is hereby Agent”) will be irrevocably authorized and directed at all times to reserve such number of authorized and unissued or treasury shares of Common Stock as shall be required for such purpose. The Company will keep a copy of this Warrant Agreement on file with such the Transfer Agent and with every transfer agent for any Shares shares of the Company’s capital stock issuable upon the exercise of Warrants pursuant to Section 9the rights of purchase represented by the Warrants. The Warrant Agent is hereby irrevocably authorized and directed to requisition from time to time from such Transfer Agent the stock certificates issuable required to honor outstanding Warrants upon exercise thereof in accordance with the terms of outstanding Warrants, and the this Warrant Agreement. The Company will supply such Transfer Agent with duly executed stock certificates for such purposepurposes and will, upon request, provide or otherwise make available any cash which may be payable as provided in Section 16. The Company will furnish such Transfer Agent a copy of all notices of adjustments and certificates related thereto, transmitted to the Warrant Agent and each holder pursuant to Section 17. The Company covenants that all shares of Common Stock that which may be issued upon exercise of Warrants will be, upon payment of the aggregate Exercise Price and issuance thereof (in the case of an exercise), fully paid, nonassessable, free of preemptive rights and free from all taxes, liens, charges and security interests with respect to the issue thereof (other than any liens, charges and security interests created by the Warrant holder or the person to which the shares of Common Stock are to be issued).

Reservation of Shares of Common Stock. The Company will at all times through the Expiration Date reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock, for For the purpose of enabling it to satisfy any obligation to issue shares of Common Stock upon exercise of Warrants, the maximum Company will, at all times through the Close of Business on the Expiration Date, reserve and keep available, free from preemptive rights and out of its aggregate authorized but unissued shares of Common Stock, the number of shares of Common Stock that may then be deliverable upon the exercise of all outstanding Warrants, and the Transfer Agent is hereby irrevocably authorized and directed at all times to reserve such number of authorized and unissued or treasury shares of Common Stock as shall be required for such purpose. The Company will keep a copy of this Warrant Agreement on file with such Warrants Agent, in its capacity as Transfer Agent and with every transfer agent for any Shares issuable upon the exercise of Warrants pursuant to Section 9. The Warrant Agent Agent, is hereby irrevocably authorized to requisition from time to time from such Transfer Agent stock certificates issuable upon exercise of outstanding Warrants. Before taking any action that would cause an adjustment pursuant to Section 13(b) reducing the Exercise Price below the then par value (if any) of the shares of Common Stock issuable upon exercise of the Warrants, and the Company will supply such Transfer Agent with duly executed stock certificates for such purposetake any corporate action that may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock at the Exercise Price as so adjusted. The Company covenants that all shares of Common Stock that may be issued upon exercise of the Warrants will bewill, upon payment issuance in accordance with the terms of the aggregate Exercise Price this Agreement, be fully paid and issuance thereof (in the case of an exercise), fully paid, nonassessable, free of preemptive rights nonassessable and free from all taxes, liens, charges and security interests with respect to the issue thereof (other than any liens, charges and security interests created by or imposed upon the Warrant holder or Company with respect to the person to which the shares of Common Stock are to be issued)issuance thereof.

Reservation of Shares of Common Stock. The Company will at all times through the Expiration Date reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock, for For the purpose of enabling it to satisfy any obligation to issue shares of Common Stock upon exercise of Warrants, the maximum Company will at all times through the Close of Business on the Expiration Date, reserve and keep available, free from preemptive rights and out of its aggregate authorized but unissued shares of Common Stock, the number of shares of Common Stock that may then be deliverable upon the exercise of all outstanding Warrants, Warrants and the Transfer Agent is hereby irrevocably authorized and directed at all times to reserve such number of authorized and unissued or treasury shares of Common Stock as shall be required for such purpose. The Company will keep a copy of this Warrant Agreement on file with such Agent, in its capacity as Transfer Agent and with every transfer agent for any Shares issuable upon the exercise of Warrants pursuant to Section 9. The Warrant Agent Agent, is hereby irrevocably authorized to requisition from time to time from such Transfer Agent stock certificates issuable upon exercise of outstanding Warrants. Before taking any action that would cause an adjustment pursuant to Section 13(b) reducing the Exercise Price below the then par value (if any) of the shares of Common Stock issuable upon exercise of the Warrants, and the Company will supply such Transfer Agent with duly executed stock certificates for such purposetake any corporate action that may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock at the Exercise Price as so adjusted. The Company covenants that all shares of Common Stock that may be issued upon exercise of the Warrants will bewill, upon payment issuance in accordance with the terms of the aggregate Exercise Price this Agreement, be fully paid and issuance thereof (in the case of an exercise), fully paid, nonassessable, free of preemptive rights nonassessable and free from all taxes, liens, charges and security interests with respect to the issue thereof (other than any liens, charges and security interests created by or imposed upon the Warrant holder or Company with respect to the person to which the shares of Common Stock are to be issued)issuance thereof.