Common use of Representative’s Shares Clause in Contracts

Representative’s Shares. The Representative’s Share have 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 Shares 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 actions required to be taken for the authorization, issuance and sale of the Representative’s Shares has been duly and validly taken.

Representative’s Shares. The Representative’s Share Shares have been duly authorized and reserved for issuance and and, when issued in accordance with the Company’s Charter and paid for, will be validly issued, fully paid and non-assessable; the Representative’s Shares 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 actions required to be taken for the authorization, issuance and sale of the Representative’s Shares has have been duly and validly taken.