Common use of Valid Issuance of Purchased Shares Clause in Contracts

Valid Issuance of Purchased Shares. (a) The Purchased Shares, when issued on the Closing Date, will be duly and validly issued to the Investor, and will, subject to the Company being registered in the register of members of Xunlei as a shareholder and owner of the Consideration Shares, be fully paid, non-assessable, and free of any and all Liens or other encumbrances (except for any restrictions on transfer under the Transaction Documents and applicable Laws). The Conversion Shares, when issued, sold and delivered in accordance with the terms of this Agreement and the Restated Articles, will be duly and validly issued, fully paid, non-assessable, and free of any and all Liens or other encumbrances. The issuance of the Purchased Shares and Conversion Shares is not and will not be subject to any pre-emptive rights, rights of first refusal or similar rights.

Valid Issuance of Purchased Shares. (a) The Purchased Shares, when issued on the Closing Date, will be duly and validly issued to the Investorrelevant Investors, and will, subject to the Company being registered in the register of members of Xunlei as a shareholder and owner of the relevant Consideration Shares, be fully paid, non-assessable, and free of any and all Liens or other encumbrances (except for any restrictions on transfer under the Transaction Documents and applicable Laws). The Conversion Shares, when issued, sold and delivered in accordance with the terms of this Agreement and the Restated Articles, will be duly and validly issued, fully paid, non-assessable, and free of any and all Liens or other encumbrances. The issuance of the Purchased Shares and Conversion Shares is not and will not be subject to any pre-emptive rights, rights of first refusal or similar rights.