Common use of Authorization of Capital Stock Clause in Contracts

Authorization of Capital Stock. All outstanding shares of capital stock of the Company have been duly authorized; the authorized capitalization of the Company is as set forth in the Time of Sale Information and the Prospectus; all outstanding shares of capital stock of the Company are validly issued, fully paid and nonassessable; the shareholders of the Company have no preemptive rights with respect to the Securities; and none of the outstanding shares of capital stock of the Company have been issued in violation of any preemptive or similar rights of any security holder.

Authorization of Capital Stock. All outstanding shares of capital stock of the Company have been duly authorized; the authorized capitalization of the Company is as set forth in the Time of Sale Information and the ProspectusInformation; all outstanding shares of capital stock of the Company are validly issued, fully paid and nonassessable; the shareholders stockholders of the Company have no preemptive rights with respect to the Securities; and none of the outstanding shares of capital stock of the Company have been issued in violation of any preemptive or similar rights of any security holder.

Authorization of Capital Stock. All outstanding The shares of capital stock of the Company Company, including the Common Stock outstanding prior to the issuance of the Shares to be sold by the Company, have been duly authorized; the authorized capitalization of the Company is as set forth in the Time of Sale Information and the Prospectus; all outstanding shares of capital stock of the Company are validly issued, fully paid and nonassessable; the shareholders of the Company have no preemptive rights with respect to the Securities; non-assessable and none of the outstanding shares of capital stock of the Company have been were not issued in violation of any the preemptive or similar rights of any security holderholder of the Company.

Authorization of Capital Stock. All outstanding The shares of capital stock of the Company, including the Common Stock outstanding prior to the issuance of the Shares to be sold by the Company and the Shares to be sold by the Selling Stockholder, have been duly authorized; the authorized capitalization of the Company is as set forth in the Time of Sale Information and the Prospectus; all outstanding shares of capital stock of the Company are validly issued, fully paid and nonassessable; the shareholders of the Company have no preemptive rights with respect to the Securities; non-assessable and none of the outstanding shares of capital stock of the Company have been were not issued in violation of any the preemptive or similar rights of any security holderholder of the Company.

Authorization of Capital Stock. All outstanding The shares of capital stock of the Company Company, including the Common Stock outstanding prior to the issuance of the Placement Shares to be sold by the Company, have been duly authorized; the authorized capitalization of the Company is as set forth in the Time of Sale Information and the Prospectus; all outstanding shares of capital stock of the Company are validly issued, fully paid and nonassessable; the shareholders of the Company have no preemptive rights with respect to the Securities; non-assessable and none of the outstanding shares of capital stock of the Company have been were not issued in violation of any the preemptive or similar rights of any security holderholder of the Company.