Common use of Issuance of Exchange Shares Clause in Contracts

Issuance of Exchange Shares. The issuance of the Exchange Shares has been duly authorized and upon issuance in accordance with the terms of the Exchange Documents, the Exchange Shares will be validly issued, fully paid and nonassessable, with the Holder being entitled to all rights accorded to a holder of Common Stock. By virtue of Rule 3(a)(9) under the 1933 Act, each of the Exchange Shares shall be freely tradeable and shall not bear any restrictive legends.

Issuance of Exchange Shares. The issuance Exchange Shares issuable upon exchange of the Exchange Shares has have been duly authorized and upon issuance in accordance with the terms of the Exchange Documentsauthorized. Upon exchange, the Exchange Shares will be validly issued, fully paid and nonassessable, free from all taxes, liens, encumbrances, security interests, rights of first refusal and charges with respect to the Holder issue thereof. The holders of the Exchange Shares will not be subject to personal liability by reason of being such holders. The holders of Exchange Shares shall be entitled to all rights accorded to a holder of NCT Common Stock. By virtue of Rule 3(a)(9) under the 1933 Act, each of the Exchange Shares shall be freely tradeable and shall not bear any restrictive legends.

Issuance of Exchange Shares. The issuance of the Exchange Shares has been duly authorized and upon issuance in accordance with the terms of the Exchange Documents, the Exchange Shares will be validly issued, fully paid and nonassessablenonassessable and free from all Liens with respect to the issue thereof, with the Holder holders being entitled to all rights accorded to a holder of Common Stock. By virtue of Rule 3(a)(9) under the 1933 Act, each of the Exchange Shares shall be freely tradeable and shall not bear any restrictive legends.

Issuance of Exchange Shares. The issuance of the Exchange Shares has been is duly authorized and upon issuance in accordance with the terms of the Exchange Documents, the Exchange Shares will shall be validly issued, fully paid and nonassessablenon-assessable and free from all preemptive or similar rights, mortgages, defects, claims, liens, pledges, charges, taxes, rights of first refusal, encumbrances, security interests and other encumbrances with respect to the issue thereof and the shall be fully paid and nonassessable with the Holder holder of Exchange Shares thereof being entitled to all rights accorded to a holder of Common Stock. By virtue of Rule 3(a)(9) under the 1933 Act, each of the Exchange Shares shall be freely tradeable and shall not bear any restrictive legends.