Common use of Status of Common Stock Clause in Contracts

Status of Common Stock. The Company covenants that the Common Stock, when issued pursuant to the exercise of this Warrant, will be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Status of Common Stock. The Company covenants that All shares of Common Stock which may be issued in connection with the Common Stockconversion provisions set forth herein will, when issued pursuant to upon issuance by the exercise of this WarrantCorporation, will be duly and validly issued, fully paid and nonassessable nonassessable, free from preemptive rights and free from all taxes, liens and or charges with respect to thereto created or imposed by the issuance thereofCorporation.

Status of Common Stock. The Company covenants that the Common Stock, when issued pursuant to the exercise of this Warrant, will be duly and validly issued, fully paid and nonassessable non-assessable and free from all taxes, liens and charges with respect to the issuance thereof.

Status of Common Stock. The Company covenants that the Common Stock, Stock when issued pursuant to in accordance with the exercise terms of this Warrant, Agreement will be duly and authorized, validly issued, fully paid and nonassessable and free from all taxesof liens, liens and charges with respect encumbrances or preemptive rights except as contained in the Certificate of Incorporation or Bylaws of Acquiror; provided, however, that the Common Stock may be subject to the issuance thereofrestrictions on transfer under state and/or federal securities laws.