Common use of Validity of Common Stock Clause in Contracts

Validity of Common Stock. The Common Shares, when issued and paid for at the Closing, will constitute duly authorized, legally issued shares of Common Stock. The Common Stock underlying the Warrants, when issued in accordance with the terms thereof, will constitute duly authorized, legally and validly issued Common Stock, fully paid and non-assessable.

Appears in 2 contracts

Samples: Mobility Electronics Inc, Mobility Electronics Inc

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Validity of Common Stock. The Common Shares, when issued and paid for at the Closing, will constitute duly authorized, legally issued shares of Common Stock. The Common Stock underlying the Warrants, when issued in accordance with the terms thereof, will constitute duly authorized, legally and validly issued Common Stock, fully paid and non-assessable.

Appears in 1 contract

Samples: Purchase Agreement (Mobility Electronics Inc)

Validity of Common Stock. The Common SharesStock, when issued issued, sold and paid for at the Closing, will constitute duly authorized, legally issued shares of Common Stock. The Common Stock underlying the Warrants, when issued delivered in accordance with the terms thereofset forth in this Agreement, will constitute be duly authorized, legally and validly issued Common Stockissued, fully paid and non-assessable.

Appears in 1 contract

Samples: Securities Purchase Agreement (Viking Energy Group, Inc.)

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Validity of Common Stock. The Common Shares, when issued and paid for at the Closing, will constitute duly authorized, legally issued shares of Common Stock. The Stock included in the Units and the Common Stock underlying issuable upon the Warrantsdue exercise of the Warrant and the due conversion of the Preferred Stock will, when issued in accordance with the terms thereofof this Unit Purchase Agreement and the Warrants and the Preferred Stock, will as the case may be, constitute duly authorized, legally and validly issued shares of Common Stock, fully paid and non-assessable.

Appears in 1 contract

Samples: Unit Purchase Agreement (Bestnet Communications Corp)

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