Common use of Title to Stock Clause in Contracts

Title to Stock. All of the Warrant Shares delivered upon the exercise of the Warrants and payment of the Exercise Price (including for the purpose by a net exercise of Warrants as permitted by Section 4(c)) shall be validly issued, fully paid and nonassessable; each Holder of a Warrant shall receive good and marketable title to the Warrant Shares, free and clear of all voting and other trust arrangements, liens, encumbrances, equities, preemptive rights and, without limitation, claims of any type whatsoever; and the Company shall have paid all taxes, if any, in respect of the issuance thereof.