Common use of Authority; Binding Obligations Clause in Contracts

Authority; Binding Obligations. The Company has all requisite corporate power and authority to execute and deliver this Agreement, the Debenture and the Warrant and to perform its obligations hereunder and thereunder and to issue the shares of Common Stock upon conversion of the Debenture and exercise of the Warrant. All corporate action on the part of the Company necessary for the authorization of this Agreement, the Debenture and the Warrant pursuant hereto has been taken. This Agreement, the Debenture and the Warrant, when executed and delivered, will be valid and binding obligations of the Company.

Authority; Binding Obligations. The Company has all requisite corporate power and authority to execute and deliver this Agreement, the Debenture Shares and the Warrant and to perform its obligations hereunder and thereunder and to issue the shares of Common Stock upon conversion of the Debenture and exercise of the Warrant. All corporate action on the part of the Company necessary for the authorization of this Agreement, the Debenture and the Warrant pursuant hereto Agreement has been taken. This Agreement, the Debenture and the Warrant, when executed and delivered, will be a valid and binding obligations obligation of the Company.