Issuance of Securities. The Shares have been duly authorized and, when issued and paid for in accordance with this Agreement, will be duly and validly issued, fully paid and nonassessable.

Issuance of Securities. The Shares have been duly authorized and, when issued and paid for in accordance with this 1">Agreement,1">Agreement will be duly and validly issued, fully paid and nonassessable.

Issuance of Securities. The Shares 1">have been1">are duly authorized and, 3">when issued and paid for3">upon issuance in accordance with 5">the terms of this Agreement, will be7"> duly and validly issued, fully paid and 9">nonassessable.9">non-assessable and will not be subject to preemptive rights or other similar rights of stockholders of the Company.

Issuance of1"> the Securities. The Shares have been duly authorized and, when issued and paid for in accordance with 3">the terms of this Agreement, will be duly and validly issued, fully paid and 5">nonassessable.5">nonassessable, free and clear of all liens, other than restrictions on transfer provided for in this Agreement or imposed by applicable securities laws, and shall not be subject to preemptive or similar rights of shareholders.

Issuance of1"> the Securities. The Shares have been duly authorized and, when issued and paid for in accordance with 3">the terms of this Agreement, will be duly and validly issued, fully paid and 5">nonassessable.5">nonassessable, free and clear of all liens, other than restrictions on transfer provided for in this Agreement or imposed by applicable securities laws, and shall not be subject to preemptive or similar rights of shareholders.

0">Issuance0">Authorization of2"> the Securities. The Shares have been duly authorized 4">and,4">for issuance and sale, and when issued and 6">paid for in accordance with6">delivered by the Company against payment therefor pursuant to this Agreement, will be8"> duly and validly issued, fully paid and nonassessable.