(h) The Class A Shares and all other shares of common stock outstanding prior to the issuance of the Shares have been duly authorized and are validly issued, fully paid and non-assessable. None of the outstanding Class A Shares of the Company have been issued in violation of any preemptive or similar right of any security holder.
(i) The Shares have been duly authorized and, when issued, delivered and paid for in accordance with the terms of this Agreement, will be validly issued, fully paid and non-assessable, and the issuance of the Shares will not be subject to any preemptive or similar rights.
(j) The execution and delivery by the Company of, and the performance by the Company of its obligations under, this Agreement will not result in a breach or violation of any of the terms and provisions of, or constitute a default under, or result in the imposition of any lien, charge or encumbrance upon any property or assets of the Company or any of its subsidiaries pursuant to (i) the certificate of incorporation, by-laws or similar organizational documents of the Company or any of its Significant Subsidiaries, (ii) any applicable law, statute, rule, regulation or order of any Luxembourg, U.S. or other governmental agency or body or court having jurisdiction over the Company or any of its Significant Subsidiaries or any of their properties, or (iii) any agreement or other instrument binding upon the Company or any of its Significant Subsidiaries, or any judgment, order or decree of any Luxembourg, U.S. or other governmental body, agency or court having jurisdiction over the Company or any Significant Subsidiary, except in the case of clauses (ii) and (iii), where any such breach or violation would not reasonably be expected to have a Material Adverse Effect.
(k) No consent, approval, authorization or order of, or qualification with, any Luxembourg, U.S. or other governmental body, agency or court is required for the execution and delivery of this Agreement or performance by the Company of its obligations under this Agreement, except for (i) such consents, approvals, authorizations, orders or qualifications as may be required by FINRA and under applicable securities or Blue Sky laws of the various states in connection with the offer and sale of the Shares and (ii) such consents, approvals, order or qualifications as shall have been obtained or made prior to the Closing Date.
(l) Since the date of the most recent financial statements included in the Registration Statement, Time of Sale Prospectus and Prospectus, there has not occurred any material adverse change, or any development involving a prospective material adverse change, in the condition, financial or otherwise, or in the earnings, business or operations of the Company and its subsidiaries, taken as a whole, except as disclosed in the Registration Statement, Time of Sale Prospectus and Prospectus.
(m) There are no legal, regulatory or governmental actions, suits, or proceedings (including any inquiries or investigations by any Luxembourg, U.S. or other court, governmental agency or body, domestic or foreign) pending or, to the Company’s knowledge, threatened to which the Company or any of its subsidiaries or, to the knowledge of the Company, any of its directors or officers is a party or, to which any of
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