Common use of Issuance and Delivery Clause in Contracts

Issuance and Delivery. The Shares have been duly authorized, and, when issued and delivered in compliance with this Agreement, will be duly and validly issued and delivered and will be outstanding, fully paid and nonassessable, and free and clear of all pledges, liens and encumbrances. No preemptive rights, or other rights to subscribe for or purchase, exist with respect to the issuance and sale of the Shares by the Company pursuant to this Agreement. No further approval or authority of the shareholders or the Board of Directors of the Company will be required for the issuance and sale of the Shares to be sold by the Company as contemplated herein.

Issuance and Delivery. The Common Shares and the Additional Shares --------------------- have been duly authorized, and, when issued and delivered in compliance with this Agreement, will be duly and validly issued and delivered and will be outstandingfully paid, fully paid and nonassessable, nonassessable and free and clear of all pledges, liens liens, encumbrances and encumbrancesrestrictions. No preemptive rights, or other rights to subscribe for or purchase, exist with respect to the issuance and sale of the Common Shares by the Company pursuant to this Agreement. No further approval or authority of the shareholders stockholders or the Board of Directors of the Company will be required for the issuance and sale of the Common Shares or the Additional Shares to be sold by the Company as contemplated herein.

Issuance and Delivery. The Shares Securities have been duly authorized, authorized and, when issued and delivered in compliance with this Agreement, will be duly and validly issued and delivered and will be outstanding, fully paid and nonassessablepaid, nonassessable and free and clear of all pledges, liens, encumbrances and restrictions other than any liens and encumbrances. No preemptive rights, or other rights to subscribe for encumbrances created by or purchase, exist with respect to imposed on the issuance and sale holders thereof through no action of the Shares by Company; provided, however, that the Company pursuant Securities will be subject to this Agreementrestrictions on transfer and state and federal securities laws and as provided herein. No further approval or authority of the shareholders or the Board of Directors of the Company will be required for the issuance and sale of the Shares Securities to be sold by the Company as contemplated herein.

Issuance and Delivery. The Common Shares and the Additional Shares have been duly authorized, and, when issued and delivered in compliance with this Agreement, will be duly and validly issued and delivered and will be outstandingfully paid, fully paid and nonassessable, nonassessable and free and clear of all pledges, liens liens, encumbrances and encumbrancesrestrictions. No preemptive rights, or other rights to subscribe for or purchase, exist with respect to the issuance and sale of the Common Shares by the Company pursuant to this Agreement. No further approval or authority of the shareholders stockholders or the Board of Directors of the Company will be required for the issuance and sale of the Common Shares or the Additional Shares to be sold by the Company as contemplated herein.