Common use of Shares to be Fully Paid; Reservation of Shares Clause in Contracts

Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Shares which may be issued upon the exercise of the rights represented by this Warrant (together with all shares of Ordinary Share issuable upon conversion of such Warrant Shares, if any) will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from all preemptive rights of any shareholder and free of all taxes, liens and charges with respect to the issue thereof. The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares of authorized but unissued Warrant Shares (together with the number of shares of Ordinary Share issuable upon conversion of such Warrant Shares, if any), or other securities and property, when and as required to provide for the exercise of the rights represented by this Warrant.

Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Shares shares of Series A Preferred Stock which may be issued upon the exercise of the rights represented by this Warrant (together with all shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anySeries A Preferred Stock) will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from all preemptive rights of any shareholder and free of all taxes, liens and charges with respect to the issue thereof. The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares of authorized but unissued Warrant Shares shares of Series A Preferred Stock (together with the number of shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anySeries A Preferred Stock), or other securities and property, when and as required to provide for the exercise of the rights represented by this Warrant.

Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Shares which may be issued upon the exercise of the rights represented by this Warrant (together with all shares of Ordinary Share issuable upon conversion of such Warrant Shares, if any) will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from all preemptive rights of any shareholder stockholder and free of from all taxes, liens and charges with in respect to of the issue thereof. Certificates for Shares purchased hereunder shall be delivered to the Holder within a reasonable time after the date on which this Warrant shall have been exercised as aforesaid. The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reservedreserved (or will have provided for the ability to accomplish the same through a voting contract amongst sufficient stockholders), for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares of authorized but unissued Warrant Shares (together with the number of shares of Ordinary Share issuable upon conversion of such Warrant Shares, if any), or other securities and property, when and as required to provide for the exercise of the rights represented by this Warrant.

Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Shares which may be issued upon the exercise of the rights represented by this Warrant (together with all shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anyapplicable) will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from all preemptive rights of any shareholder stockholder and free of all taxes, liens and charges with respect to the issue thereof. The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares Warrant Shares (which shall initially be that number of authorized but unissued Warrant Shares Series D Preferred Stock equal to the quotient obtained by dividing $45,000,000 by the Stock Valuation Price) (together with the number of shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anyapplicable), or other securities and property, when and as required to provide for the exercise of the rights represented by this Warrant.

Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Shares shares of Series A Preferred Stock which may be issued upon the exercise of the rights represented by this Warrant (together with all shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anySeries A Preferred Stock) will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from all preemptive rights of any shareholder and free of all taxes, liens and charges with respect to the issue thereof. thereof The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares of authorized but unissued Warrant Shares shares of Series A Preferred Stock (together with the number of shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anySeries A Preferred Stock), or other securities and property, when and as required to provide for the exercise of the rights represented by this Warrant.

Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Shares shares of Preferred Stock which may be issued upon the exercise of the rights represented by this Warrant (together with all shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anyPreferred Stock) will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from all preemptive rights of any shareholder stockholder and free of all taxes, liens and charges with respect to the issue thereof. The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares of authorized but unissued Warrant Shares shares of Preferred Stock (together with the number of shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anyPreferred Stock), or other securities and property, when and as required to provide for the exercise of the rights represented by this Warrant.

Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Shares shares of Series C Preferred Stock which may be issued upon the exercise of the rights represented by this Warrant (together with all shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anySeries C Preferred Stock) will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from all preemptive rights of any shareholder stockholder and free of all taxes, liens and charges with respect to the issue thereof. The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares of authorized but unissued Warrant Shares shares of Series C Preferred Stock (together with the number of shares of Ordinary Share Common Stock issuable upon conversion of such Warrant Shares, if anySeries C Preferred Stock), or other securities and property, when and as required to provide for the exercise of the rights represented by this Warrant.