Common use of Representative’s Common Stock Clause in Contracts

Representative’s Common Stock. The Representative’s Common Stock has been duly authorized and reserved for issuance and when issued and paid for, will be validly issued, fully paid and non-assessable; the Representative’s Common Stock is 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 actions required to be taken for the authorization, issuance and sale of the Representative’s Common Stock has been duly and validly taken.

Representative’s Common Stock. The common stock underlying the units in the Representative’s Purchase Option (“Representative’s Common Stock Stock”) has been duly authorized and reserved for issuance and when issued and paid for, will be validly issued, fully paid and non-assessable; the Representative’s Common Stock is 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 actions required to be taken for the authorization, issuance and sale of the Representative’s Common Stock has been duly and validly taken.