Common use of Authorization of Purchase, etc Clause in Contracts

Authorization of Purchase, etc. The Subscriber has the full power and authority to execute, deliver and perform its obligations under this Agreement, and to subscribe for Ordinary Shares hereunder. This subscription for Ordinary Shares and the execution, delivery and performance of this Agreement have been authorized by all necessary action on the Subscriber’s behalf, and this Agreement is the Subscriber’s legal, valid and binding obligations, enforceable against it in accordance with its respective terms.