Common use of Authorization of the Offered Securities Clause in Contracts

Authorization of the Offered Securities. The Offered Securities to be sold by the Company through the Underwriters have been duly and validly authorized by all required corporate action and have been reserved for issuance and sale pursuant to this Agreement and, when so issued and delivered by the Company, will be validly issued, fully paid and non-assessable, free and clear of all Liens imposed by the Company. The Ordinary Shares underlying the Underwriter’s Warrants (the “Underlying Shares” and together with the Underwriter’s Warrants, the “Underwriter’s Securities”) are duly authorized and, when issued and paid for in accordance the terms of the Underwriter’s Warrants, as applicable, will be duly and validly issued, fully paid and non-assessable, free and clear of all Liens imposed by the Company. The Company has sufficient Class A Ordinary Shares for the issuance of the maximum number of Offered Securities and Underlying Shares issuable pursuant to the Offering as described in the Prospectus.

Authorization of the Offered Securities. The Offered Securities to be sold by the Company and the Shareholders through the Underwriters have been duly and validly authorized by all required corporate action and have been reserved for issuance and sale pursuant to this Agreement and, when so issued and delivered by the Company, will be validly issued, fully paid and non-assessable, free and clear of all Liens (as defined in subsection (r)) imposed by the Company. The Ordinary Shares underlying the UnderwriterRepresentative’s Warrants (the “Underlying Shares” and together with the Underwriter’s Warrants, the “Underwriter’s Securities”) are duly authorized and, when when, issued and paid for in accordance with the terms of the UnderwriterRepresentative’s Warrants, as applicable, will be duly and validly issued, fully paid and non-assessable, free and clear of all Liens imposed by the Company. The Company has sufficient Class A Ordinary Shares for the issuance of the maximum number of Offered Securities Company Shares and Underlying Shares issuable pursuant to the Offering as described in the Prospectus.