Common use of No Preemptive Rights; Registration Rights Clause in Contracts

No Preemptive Rights; Registration Rights. Except as set forth in the Offering Summary, there are no preemptive or other rights to subscribe for or purchase, or any restriction upon the voting or transfer of, any shares of Common Stock or other securities of the Company, under the Certificate of Incorporation or By-Laws of the Company or under any agreement or other outstanding instrument to which the Company is a party or by which it is bound. The Company has reserved for issuance a sufficient number of shares of Common Stock to be issued to the Subscribers upon the exercise of the Warrants.

No Preemptive Rights; Registration Rights. Except as set forth in the Offering Summary, there There are no preemptive or other rights to subscribe for or purchase, or any restriction upon the voting or transfer of, any shares of Common or Preferred B Stock or other securities of the Company, under the Certificate of Incorporation or By-Laws of the Company or under any agreement or other outstanding instrument to which the Company is a party or by which it is bound. The Company has reserved for issuance a sufficient number of shares of Common Stock to be issued to the Subscribers upon the exercise of the Warrants.