Common use of Authorized Capital; Options Clause in Contracts

Authorized Capital; Options. The Company has duly authorized, issued and outstanding capitalization as set forth in the Registration Statement and the Prospectus. Based on the assumptions stated in the Registration Statement and the Prospectus, the Company will have on the Closing Date the adjusted capitalization set forth therein. Except as set forth in, or contemplated by, this Agreement, the Registration Statement and the Prospectus, on the Effective Date and each Closing Date, there will be no options, warrants, or any other rights to purchase or otherwise acquire any share capital of the Company or its Subsidiaries, any security convertible into share capital of the Company or its Subsidiaries, or any contracts or commitments to issue or sell share capital or any such options, warrants, rights or convertible securities.