Common use of Absence of Rights Clause in Contracts

Absence of Rights. Except as referred to in Schedule “B” hereto, no Person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation and the Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Corporation.

Absence of Rights. Except as referred to in Schedule “BA” hereto, no Person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation and the Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Corporation.

Absence of Rights. Except as referred to in Schedule “B” hereto, no Person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation and the Corporation. The Offered SecuritiesUnits, upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Corporation.

Absence of Rights. Except Other than in connection with this Offering and except as referred to in Schedule “B” hereto, no Person now person has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company and the Offered Securities, Securities upon issuance, issuance will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except Other than in connection with this Offering and except as referred to in Schedule “B” hereto, no Person now person has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company and the Offered Securities, Units upon issuance, issuance will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except as referred to in Schedule “"B” " hereto, no Person person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company. The Offered Securities and the Offered SecuritiesCompensation Warrant Shares, upon issuance, will not be issued in violation of or subject to any pre-emptive rights, participation rights or other contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except as referred to in Schedule “B” hereto, no Person person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company. The Offered Shares, Broker Warrants and the Offered SecuritiesBroker Warrant Shares, upon issuance, will not be issued in violation of or subject to any pre-emptive rights, participation rights or other contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except as referred to in Schedule “BA” hereto, no Person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company and the Offered Securities, Units upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except as referred to in Schedule “BC” hereto, no Person now has any agreement or option or right or privilege (whether at law, pre-emptive preemptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company and the Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except as referred to in Schedule “"B” " hereto, no Person person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation and the Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-emptive rights, participation rights or other contractual rights to purchase securities issued by the Corporation.;

Absence of Rights. Except as referred to in Schedule “"B” " hereto, no Person person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company. The Offered Shares, Broker Warrants and the Offered SecuritiesBroker Warrant Shares, upon issuance, will not be issued in violation of or subject to any pre-emptive rights, participation rights or other contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except Other than as referred to disclosed in Schedule “BC” heretoto this Agreement and in respect of the Participation Agreements and the Offering, no Person person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation and the Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except as referred to in Schedule “B” hereto, no Person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company and the Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the CorporationCompany.

Absence of Rights. Except as referred to in Schedule “BA” hereto, no Person now person has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation and the Company. The Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Corporation.Company;

Absence of Rights. Except as referred to in Schedule “B” heretohereto and in connection with the Concurrent Private Placement, no Person now has any agreement or option or right or privilege (whether at law, pre-pre- emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation and the Corporation. The Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-pre- emptive rights or contractual rights to purchase securities issued by the Corporation.

Absence of Rights. Except as referred to in Schedule “B” hereto, no Person now has any agreement or option or right or privilege (whether at law, pre-emptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation and the Corporation. The Offered Securities, upon issuance, will not be issued in violation of or subject to any pre-pre- emptive rights or contractual rights to purchase securities issued by the Corporation.

Absence of Rights. Except as referred to in Schedule “BC” hereto, no Person now has any agreement or option or right or privilege (whether at law, pre-emptive preemptive or contractual) capable of becoming an agreement for the purchase, subscription or issuance of, or conversion into, any unissued shares, securities, warrants or convertible obligations of any nature of the Corporation Company and the Offered SecuritiesSubscription Receipts (and the Underlying Units and the Warrant Shares), upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the CorporationCompany.