Common use of Issuance and Sale of the Shares Clause in Contracts

Issuance and Sale of the Shares. When issued and paid for in accordance with this Agreement, the Shares to be sold hereunder by the Company will be validly issued and outstanding, fully paid and non-assessable. The issuance and sale of the Shares is not subject to any preemptive rights or rights of first refusal that have not been properly waived or complied with.

Issuance and Sale of the Shares. When issued and paid for in accordance with this Agreement, the Shares to be sold hereunder by the Company Company, will be validly issued and outstanding, fully paid and non-assessable. The issuance , free from all taxes, liens, claims, encumbrances and sale charges with respect to the issue thereof, and will not be subject to preemptive rights of stockholders of the Shares is not subject to any preemptive rights or rights of first refusal that have not been properly waived or complied withCompany.