Common use of Issuance of Warrant Clause in Contracts

Issuance of Warrant. The issuance of the Warrant is duly authorized and the Exercise Shares, upon exercise and payment of the exercise price (in cash or in shares upon a cashless exercise) in accordance with the Warrant, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.