Common use of Shares Reserved for Issuance; Capital Stock Clause in Contracts

Shares Reserved for Issuance; Capital Stock. Issuer has taken all necessary corporate action to authorize and reserve and permit it to issue, and at all times from the date hereof through the termination of this Agreement in accordance with its terms, will have reserved for issuance upon the exercise of the Option, that number of shares of Issuer Common Stock equal to the maximum number of Option Shares at any time, and from time to time, purchasable upon exercise of the Option, and all such Option Shares, upon issuance pursuant to the Option, will be duly authorized, validly issued, fully paid and nonassessable, and will be delivered free and clear of all claims, liens, encumbrances and security interests (other than those created by this Agreement) and not subject to any preemptive rights.

Shares Reserved for Issuance; Capital Stock. Issuer The Company has taken all necessary corporate action to authorize and reserve and permit it to issue, and at all times from the date hereof through the termination of this Agreement in accordance with its terms, will have reserved for issuance upon the exercise of the Option, that number of shares of Issuer the Common Stock equal to the maximum number of Option Shares shares of the Common Stock at any time, time and from time to time, time purchasable upon exercise of the Option, and all such Option Sharesshares, upon issuance pursuant to the Option, will be duly authorized, validly issued, fully paid and nonassessable, and will be delivered free and clear of all claims, liens, encumbrances encumbrances, and security interests (other than those created by this Agreement) and not subject to any preemptive rights.. (c)

Shares Reserved for Issuance; Capital Stock. Issuer has taken all necessary corporate action to authorize and reserve and permit it to issue, and at all times from the date hereof through the termination of this Agreement in accordance with its terms, will have reserved for issuance upon the exercise of the Option, that number of shares of Issuer Common Stock equal to the maximum number of Option Shares shares of Issuer Common Stock at any time, time and from time to time, time purchasable upon exercise of the Option, and all such Option Sharesshares, upon issuance pursuant to the Option, will be duly authorized, validly issued, fully paid and an nonassessable, and will be delivered free and clear of all claims, liens, encumbrances and security interests (other than those created by this Agreement) and not subject to any preemptive rights.