Common use of Authorization and Non-Contravention Clause in Contracts

Authorization and Non-Contravention. This Agreement and all documents executed pursuant hereto are valid and binding obligations of the Company, enforceable in accordance with their terms. The execution, delivery and performance of this Agreement and all agreements, documents and instruments contemplated hereby, the issuance and delivery of the Note and Warrant and, upon exercise of the Warrant, the issuance and delivery of the equity securities purchasable upon exercise of the Warrant, have been duly authorized by all necessary corporate or other action of the Company.

Authorization and Non-Contravention. This Agreement and all documents executed pursuant hereto are valid and binding obligations of the Company, enforceable in accordance with their terms. The execution, delivery and performance of this Agreement and all agreements, documents and instruments contemplated hereby, the issuance and delivery of the Note and Warrant andWarrant, upon conversion of the Note or exercise of the Warrant, the issuance and delivery of the equity securities purchasable upon conversion of the Note or exercise of the Warrant, have been duly authorized by all necessary corporate or other action of the Company.