Common use of Issued Shares Clause in Contracts

Issued Shares. As at the date hereof and immediately prior to the Closing, the aggregate number of Ordinary Shares issued and which are issuable pursuant to any exercise, conversion, exchange, subscription or otherwise in connection with any outstanding warrants, options (including pursuant to the Company’s stock option plan), convertible securities or any agreement to sell or issue Ordinary Shares or securities which may be exercised, converted or exchanged for Ordinary Shares (collectively, “Fully-Diluted”) is 91,123,374. All of the issued and outstanding shares of each of the Group Company’s shares as of the Closing are duly authorized, validly issued, fully paid and non-assessable, were issued in accordance with the registration or qualification provisions of the Act and any relevant blue sky laws of the United States of America or pursuant to valid exemptions therefrom and were issued in compliance with other Applicable Law and are not subject to any rescission right or put right on the part of the holder thereof nor does any holder thereof have the right to require the Company to repurchase such share capital.

Issued Shares. As at the date hereof and immediately prior to the Closing, the aggregate number of Ordinary Shares shares of Common Stock issued and which are issuable pursuant to any exercise, conversion, exchange, subscription or otherwise in connection with any outstanding warrants, options (including pursuant to the Company’s stock option plan), convertible securities or any agreement to sell or issue Ordinary Shares Common Stock or securities which may be exercised, converted or exchanged for Ordinary Shares Common Stock (collectively, “Fully-Diluted”) is 91,123,374set forth on Schedule 3.1(d)(ii). All of the issued and outstanding shares of each of the Group Company’s shares as of the Closing are duly authorized, validly issued, fully paid and non-assessable, were issued in accordance with the registration or qualification provisions of the Securities Act and any relevant blue sky laws of the United States of America or pursuant to valid exemptions therefrom and were issued in compliance with other Applicable Law applicable laws (including, without limitation, applicable PRC laws, rules and regulations) and are not subject to any rescission right or put right on the part of the holder thereof nor does any holder thereof have the right to require the Company to repurchase such share capital.