Common use of Shares Fully Paid Clause in Contracts

Shares Fully Paid. The Company represents, warrants, covenants and agrees that all Shares that may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable.

Shares Fully Paid. The Company represents, warrants, represents and covenants and agrees to the Shareholders that all Shares that may be issued upon the exercise issuance of the rights represented by shares of common stock of the Company pursuant to this Warrant willAgreement has been duly authorized and, upon issuancewhen issued in accordance with the terms of this Agreement, such shares will be duly authorized, validly issued, fully paid and nonassessablenon-assessable, and free of preemptive rights.