Document ID: 15720

Text:
Section 3.07 Authorization of the Shares. The Shares have been duly and validly authorized for issuance and sale to the Investor pursuant to this Agreement and, when issued and delivered by the Company pursuant to this Agreement against payment of the consideration set forth herein, will be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, Taxes (other than Transfer Taxes) and Encumbrances. The issuance of the Shares pursuant to this Agreement is not subject to preemptive or other similar rights of any security holder of the Company and is exempt from registration under the Securities Act.&lt; br/&gt;

Named Entities:
110
111
Act

Tokenized Text:
Section
3
.
07
Authorization
of
the
Shares
.
The
Shares
have
been
duly
and
validly
authorized
for
issuance
and
sale
to
the
Investor
pursuant
to
this
Agreement
and
,
when
issued
and
delivered
by
the
Company
pursuant
to
this
Agreement
against
payment
of
the
consideration
set
forth
herein
,
will
be
validly
issued
,
fully
paid
and
non-assessable
and
free
from
all
preemptive
or
similar
rights
,
Taxes
(
other
than
Transfer
Taxes
)
and
Encumbrances
.
The
issuance
of
the
Shares
pursuant
to
this
Agreement
is
not
subject
to
preemptive
or
other
similar
rights
of
any
security
holder
of
the
Company
and
is
exempt
from
registration
under
the
Securities
Act
.
&
lt
;
br
/
&
gt
;