Common use of Organization; Good Standing; Qualification Clause in Contracts

Organization; Good Standing; Qualification. The Company is a ------------------------------------------ corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute and deliver this Agreement, to issue and sell the Units, and to carry out the provisions of this Agreement.

Organization; Good Standing; Qualification. The Company is a ------------------------------------------ corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware, Delaware and has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute and deliver this Agreement, to issue and sell the Units, Shares and to carry out the provisions of this Agreement.

Organization; Good Standing; Qualification. The Company is a ------------------------------------------ corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute and deliver this Agreement, to issue and sell the UnitsShares, and to carry out the provisions of this Agreement.

Organization; Good Standing; Qualification. The Company is a ------------------------------------------ corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted,, to execute and deliver this Agreement, to issue and sell the UnitsShares, and to carry out the provisions of this Agreement.

Organization; Good Standing; Qualification. The Company is a ------------------------------------------ corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own own, lease, license and operate its properties and assets and to carry on its business as now conducted and as presently proposed to be conducted, to execute and deliver this Agreement, and to issue and sell the Units, Shares and to carry out the provisions of this AgreementCommon Stock issuable upon conversion thereof.

Organization; Good Standing; Qualification. The Company is a ------------------------------------------ corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute and deliver this AgreementAgreement and the Rights Agreement (collectively, the “Agreements”), to issue and sell the Units, Shares and to carry out the provisions of this Agreementthe Agreements.

Organization; Good Standing; Qualification. The Company is a ------------------------------------------ corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute and deliver this Agreement, to issue and sell the UnitsSeries B Preferred Stock and the Common Stock issuable upon conversion thereof, and to carry out the provisions of this Agreementthe Agreements.

Organization; Good Standing; Qualification. The Company is a ------------------------------------------ corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute and deliver this Agreement, the Investors' Rights Agreement (collectively, the "Agreements"), to issue and sell the UnitsSeries A Preferred Stock and the Common Stock issuable upon conversion thereof, and to carry out the provisions of this Agreementthe Agreements.