Common use of Reservation of Shares; Stock Fully Paid Clause in Contracts

Reservation of Shares; Stock Fully Paid. The Company represents, warrants, and agrees that there currently is and at all time there shall be authorized and reserved for issuance upon exercise of the Warrants such number of shares of Common Stock as shall be required for issuance or delivery upon exercise hereof; and that all shares of Common Stock issuable upon exercise of the Warrants will, upon issuance, be duly and validly issued, fully paid, and non-assessable.

Reservation of Shares; Stock Fully Paid. The Company represents, warrants, and agrees that there currently is and at all time there shall be authorized and reserved for issuance upon exercise of the Warrants Option such number of shares of Common Stock as shall be required for issuance or delivery upon exercise hereof; and that all shares of Common Stock issuable upon exercise of the Warrants Option will, upon issuance, be duly and validly issued, fully paid, and non-assessable.