Common use of Federal Securities Law Matters Clause in Contracts

Federal Securities Law Matters. WasteMasters has been advised that (a) neither the sale nor the offer of the Company Shares pursuant to the terms of this Agreement has been registered under the Securities Act, (b) such shares must be held and WasteMasters must continue to bear the economic risk of the investment in the Company Shares pursuant to the terms of this Agreement until such shares are subsequently registered under the Securities Act or an exemption from registration is available, (c) a restrictive legend in the form set forth in Section 1.5(c) hereof shall be placed on the certificates representing the Company Shares pursuant to the terms of this Agreement and (d) appropriate stop-transfer instructions shall be issued by the Company to its stock transfer agent with respect to such shares; provided that such legend shall be removed and such stop-transfer instructions lifted when and as contemplated by Section 1.5(c) hereof.

Federal Securities Law Matters. WasteMasters Waste Ventures has been advised that (a) neither the sale nor the offer of the Company Shares Preferred Stock pursuant to the terms of this Agreement has been registered under the Securities Act, (b) such shares must be held and WasteMasters Waste Ventures must continue to bear the economic risk of the investment in the Company Shares Preferred Stock pursuant to the terms of this Agreement until such shares are subsequently registered under the Securities Act or an exemption from registration is available, (c) a restrictive legend in the form set forth in Section 1.5(c) hereof shall be placed on the certificates representing the Company Shares Preferred Stock pursuant to the terms of this Agreement and (d) appropriate stop-transfer instructions shall be issued by the Company to its stock transfer agent with respect to such shares; provided that such legend shall be removed and such stop-transfer instructions lifted when and as contemplated by Section 1.5(c) hereof.