Common use of Authorization and Issuance of Warrants Clause in Contracts

Authorization and Issuance of Warrants. The issuance of the Warrants has been duly authorized and, upon delivery to Purchaser of the Warrant Certificates therefor in accordance with the terms hereof, the Warrants will have been validly issued and fully paid and nonassessable, free and clear of all Liens and the issuance thereof will not give rise to any preemptive rights. The issuance of the shares of Common Stock upon exercise or conversion of the Warrants has been duly authorized and, when issued upon exercise or conversion of the Warrants in accordance with the terms hereof, such shares will have been validly issued and fully paid and nonassessable. 452,050 shares of Common Stock have been duly reserved for issuance upon the exercise or conversion of the Warrants. Except as set forth in the Registration Rights Agreement, no Person has the right to demand or any other right to cause the Company to file any registration statement under the Securities Act relating to any securities of the Company or any right to participate in the any such registration.

Authorization and Issuance of Warrants. The issuance of the Warrants has been duly authorized and, upon delivery to Purchaser of the Warrant Certificates therefor certificates in accordance with the terms hereof, the Warrants will have been validly issued and fully paid and nonassessable, free and clear of all Liens and the issuance thereof will not give rise to any preemptive rights. The issuance of the shares of Common Stock subject to the Warrants (including shares of Series A Common Stock issuable upon exercise or conversion of the Warrants Warrant Stock) has been duly authorized and, when issued upon exercise of the Warrants or conversion of the Warrants Warrant Stock in accordance with the terms hereof, such shares will have been validly issued and fully paid and nonassessable, free and clear of all Liens. 452,050 22,345,536 shares of Common Stock have been duly reserved for issuance upon the exercise or of the Warrants and conversion of the WarrantsWarrant Stock. Except as set forth in the Registration Rights Agreement, no Person has the right to demand or any other right to cause the Company to file any registration statement under the Securities Act relating to any securities of the Company or any right to participate in the any such registration.

Authorization and Issuance of Warrants. The issuance of the Warrants has been duly authorized and, upon delivery to Purchaser of the Warrant Certificates therefor certificates in accordance with the terms hereof, the Warrants will have been validly issued and fully paid and nonassessable, free and clear of all Liens and the issuance thereof will not give rise to any preemptive rights. The issuance of the shares of Common Stock subject to the Warrants (including shares of Series A Common Stock issuable upon exercise or conversion of the Warrants Warrant Stock) has been duly authorized and, when issued upon exercise of the Warrants or conversion of the Warrants Warrant Stock in accordance with the terms hereof, such shares will have been validly issued and fully paid and nonassessable, free and clear of all Liens. 452,050 Subject to the Reserved Shares Agreement, 22,345,536 shares of Common Stock have been duly reserved for issuance upon the exercise or of the Warrants and conversion of the WarrantsWarrant Stock. Except as set forth in the Registration Rights Agreement, no Person has the right to demand or any other right to cause the Company to file any registration statement under the Securities Act relating to any securities of the Company or any right to participate in the any such registration.