hereto. 2. The Conversion Shares, the Dividend Shares and the Warrant Shares have been duly and validly authorized and reserved for issuance by the Company, and when issued by the Company upon conversion of, or in lieu of cash dividends on, the Preferred Shares and on exercise of the Warrants will be duly and validly issued, fully paid and nonassessable and will not subject the holder thereof to personal liability by reason of being such holder.
Appears in 8 contracts
Samples: Securities Purchase Agreement (Precept Business Services Inc), Securities Purchase Agreement (Storage Computer Corp), Securities Purchase Agreement (Popmail Com Inc)
hereto. 2. The Conversion Shares, the Dividend Shares and the Warrant Shares have been duly and validly authorized and reserved for issuance by the Company, and when issued by the Company upon conversion of, or in lieu of cash dividends on, the Preferred Shares and on exercise of the Warrants will be duly and validly issued, fully paid and nonassessable and will not subject the holder thereof to personal liability by reason of being such holder.
Appears in 2 contracts
Samples: Securities Exchange Agreement (Chell Group Corp), Securities Exchange Agreement (Chell Group Corp)
