Common use of Due Incorporation; Valid Existence Clause in Contracts

Due Incorporation; Valid Existence. The Company has been duly incorporated, validly existing and in good standing as a corporation under the law of the State of Delaware and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, and to enter into and perform its obligations under this Agreement, the Representatives’ Warrant Agreement, the Representatives’ Warrant and each Lock-Up Agreement. The Company is duly qualified as a foreign corporation to transact business and is in good standing, where applicable, in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to so qualify or be in good standing would not have or would not reasonably be expected to result in a Material Adverse Change.

Due Incorporation; Valid Existence. The Company has been duly incorporated, organized and is validly existing and in good standing as a corporation under the law of the State of Delaware Delaware, and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, and to enter into and perform its obligations under this Agreement, the Representatives’ Representative’s Warrant Agreement, Agreement and the Representatives’ Warrant and each Lock-Up AgreementRepresentative’s Warrant. The Company is duly qualified as a foreign corporation to transact business and is in good standing, where applicable, standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of businessbusiness or otherwise, except where the failure to so qualify or be in good standing standing, would not have or would not reasonably be expected to result in a Material Adverse Change.

Due Incorporation; Valid Existence. The Company has been duly incorporated, validly existing and in good standing as a corporation under the law of the State of Delaware and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, and to enter into and perform its obligations under this Agreement, the Representatives’ Representative’s Warrant Agreement, the Representatives’ Representative’s Warrant and each Lock-Up Agreement. The Company is duly qualified as a foreign corporation to transact business and is in good standing, where applicable, in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to so qualify or be in good standing would not have or would not reasonably be expected to result in a Material Adverse Change.