Common use of Placement Securities Clause in Contracts

Placement Securities. The Placement Securities have been duly authorized and, when issued and paid for in accordance with the Placement Unit Purchase Agreement, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Placement Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Placement Securities has been duly and validly taken. The shares of Common Stock issuable upon exercise of the Placement Units and the Placement Warrants have been reserved for issuance upon the exercise of the Placement Units and the Placement Warrants and, when issued in accordance with the terms of the Placement Units and the Placement Warrants, will be duly and validly authorized, validly issued, fully paid and non-assessable, and the holders thereof are not and will not be subject to personal liability by reason of being such holders.

Placement Securities. The Placement Securities and the Additional Placement Securities have been duly authorized and, and reserved for issuance and when issued and paid for in accordance with the Placement Unit Purchase Agreementfor, will be validly issued, fully paid and non-assessable; the holders thereof are not Placement Securities and will not be subject to personal liability by reason of being such holders; the Additional Placement Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action actions required to be taken for the authorization, issuance and sale of the Placement Securities has and the Additional Placement Securities have been duly and validly taken. The shares of Common Stock issuable upon exercise of the Placement Units and underlying the Placement Warrants have and the Additional Placement Warrants has been reserved for issuance upon the exercise of the Placement Units Warrants and the Additional Placement Warrants and, when issued in accordance with the terms of the Placement Units Warrants and the Additional Placement Warrants, will be duly and validly authorized, validly issued, fully paid and non-assessable, and the holders thereof are not and will not be subject to personal liability by reason of being such holders.

Placement Securities. The Placement Securities have been duly authorized and, when issued and paid for in accordance with the Placement Unit Warrant Purchase Agreement, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Placement Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Placement Securities has been duly and validly taken. The shares of Common Stock issuable upon exercise of the Placement Units and the Placement Warrants have been reserved for issuance upon the exercise of the Placement Units and the Placement Warrants and, when issued in accordance with the terms of the Placement Units and the Placement Warrants, will be duly and validly authorized, validly issued, fully paid and non-assessable, and the holders thereof are not and will not be subject to personal liability by reason of being such holders.