Common use of STOCK TO BE RESERVED Clause in Contracts

STOCK TO BE RESERVED. The Corporation will at all times reserve and keep available out of its authorized Common Stock or its treasury shares, solely for the purpose of issue upon the exercise of this Warrant as herein provided, such number of shares of Common Stock as shall then be issuable upon the exercise of this Warrant. The Corporation covenants that all shares of Common Stock which shall be so issued shall be duly and validly issued and fully paid and nonassessable and free from all taxes (other than income taxes and other taxes on the holder), liens, and charges with respect to the issue thereof. The Corporation will take all such action as may be reasonably necessary to ensure that all such shares of Common Stock may be so issued without violation of any applicable law or regulation, or of any requirements, of any securities exchange or market upon which the Common Stock of the Corporation may be listed or traded. The Corporation has not granted and will not grant any right of first refusal with respect to shares issuable upon exercise of this Warrant, and there are not preemptive rights associated with such shares.

STOCK TO BE RESERVED. The Corporation will at all times reserve and keep available out of its authorized Common Stock or its treasury shares, solely for the purpose of issue upon the exercise of this Warrant as herein provided, such number of shares of Common Stock as shall then be issuable upon the exercise of this Warrant. The Corporation covenants that all shares of Common Stock which shall be so issued shall be duly and validly issued and fully paid and nonassessable and free from all taxes (other than income taxes and other taxes on the holder)taxes, liens, liens and charges with respect to the issue thereof. The Corporation will take all such action as may be reasonably necessary to ensure assure that all such shares of Common Stock may be so issued without violation of any applicable law or regulation, or of any requirements, requirements of any national securities exchange or market upon which the Common Stock of the Corporation may be listed or tradedlisted. The Corporation has not granted and will not grant any right of first refusal with respect to shares issuable upon exercise of this Warrant, and there are not no preemptive rights associated with such shares.

STOCK TO BE RESERVED. The Corporation Company will at all times reserve and keep available out of its authorized Common Stock or its treasury shares, solely for the purpose of issue issuance upon the exercise of this Warrant as herein provided, such number of shares of Common Stock as shall then be issuable upon the exercise of this Warrant. The Corporation Company covenants that all shares of Common Stock which shall be so issued shall be duly and validly issued and fully paid and nonassessable and free from all taxes (other than income taxes and other taxes on the holder)taxes, liens, liens and charges with respect to the issue thereof. The Corporation Company will take all such action as may be reasonably necessary to ensure assure that all such shares of Common Stock may be so issued without violation of any applicable law or regulation, or of any requirements, requirements of any national securities exchange or market upon which the Common Stock of the Corporation Company may be listed or tradedlisted. The Corporation Company has not granted and will not grant any right of first refusal with respect to shares issuable upon exercise of this Warrant, and there are not no preemptive rights associated with such shares.

STOCK TO BE RESERVED. The Corporation will at all times reserve and -------------------- keep available out of its authorized Common Stock or its treasury shares, solely for the purpose of issue upon the exercise of this Warrant as herein provided, such number of shares of Common Stock as shall then be issuable upon the exercise of this Warrant. The Corporation covenants that all shares of Common Stock which shall be so issued shall be duly and validly issued and fully paid and nonassessable and free from all taxes (other than income taxes and other taxes on the holder), liens, and charges with respect to the issue thereof. The Corporation will take all such action as may be reasonably necessary to ensure that all such shares of Common Stock may be so issued without violation of any applicable law or regulation, or of any requirements, of any securities exchange or market upon which the Common Stock of the Corporation may be listed or traded. The Corporation has not granted and will not grant any right of first refusal with respect to shares issuable upon exercise of this Warrant, and there are not preemptive rights associated with such shares.