Common use of Reserved Shares; Valid Issuance Clause in Contracts

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized shares of Common Stock and Common Stock, par value $0.001 per share (the “Common Stock”), free from all preemptive or similar rights therein, as will be sufficient to permit, respectively, the exercise of this Common Stock Warrant in full and the conversion into shares of Common Stock of all shares of Common Stock receivable upon such exercise. The Company further covenants that such shares as may be issued pursuant to such exercise and conversion will, upon issuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized shares of Common Series D Preferred Stock and Common Stock, par value $0.001 per share (the “"Common Stock”"), free from all preemptive or similar rights therein, as will be sufficient to permit, respectively, the exercise of this Common Stock Series D Warrant in full and the conversion into shares of Common Stock of all shares of Common Series D Preferred Stock receivable upon such exercise. The Company further covenants that such shares as may be issued pursuant to such exercise and conversion will, upon issuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized shares of Common Preferred Stock and Common Stock, $.001 par value $0.001 per share value, of the Company (the “Common Stock”"COMMON STOCK"), free from all preemptive or similar rights therein, as will be sufficient to permit, respectively, the exercise of this Common Stock Warrant in full and the conversion into shares of Common Stock of all shares of Common Preferred Stock receivable upon such exercise. The Company further covenants that such shares as may be issued pursuant to such exercise and and/or conversion will, upon issuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof June 5, 1997 reserve and keep available such number of its authorized shares of Common Preferred Stock and Common Stock, no par value $0.001 per share value, of the Company (the “"Common Stock”"), free from all preemptive or similar rights therein, as will be sufficient to permit, respectively, the exercise of this Common Stock Warrant in full and the conversion into shares of Common Stock of all shares of Common Preferred Stock receivable upon such exercise. The Company further covenants that such shares as may be issued pursuant to such exercise and and/or conversion will, upon issuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized shares of Common Series D Preferred Stock and Common Stock, $.001 par value $0.001 per share (the “"Common Stock”"), free from all preemptive or similar rights therein, as will be sufficient to permit, respectively, the exercise of this Common Stock Warrant in full and the conversion into shares of Common Stock of all shares of Common Series D Preferred Stock receivable upon such exercise. The Company further covenants that such shares as may be issued pursuant to such exercise and conversion will, upon issuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized shares of Common Preferred Stock and Common Stock, $.0001 par value $0.001 per share value, of the Company (the “"Common Stock”)", free from all preemptive or similar rights therein, as will be sufficient to permit, respectively, the exercise of this Common Stock Warrant in full and the conversion into shares of Common Stock of all shares of Common Preferred Stock receivable upon such exercise. The Company further covenants that such shares as may be issued pursuant to such exercise and and/or conversion will, upon issuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized shares of Common Preferred Stock and Common Stock, $.0001 par value $0.001 per share value, of the Company (the “"Common Stock”"), free from all preemptive or similar rights therein, as will be sufficient to permit, respectively, the exercise of this Common Stock Warrant in full and the conversion into shares of Common Stock of all shares of Common Preferred Stock receivable upon such exercise. The Company further covenants that such shares as may be issued pursuant to such exercise and and/or conversion will, upon issuance, be duly and validly issued, fully paid and nonassessable and free from all taxestaxes (other than taxes on Holders income), liens and charges with respect to the issuance thereof.