Common use of Legend on Warrant Stock Clause in Contracts

Legend on Warrant Stock. Each certificate for Warrant Shares initially issued upon exercise of this Warrant, unless at the time of exercise such Warrant Shares are registered under the Securities Act of 1933, as amended from time to time (the "Securities Act"), shall bear the following legend (and any additional legend(s) required by any securities exchange upon which such Warrant Stock may, at the time of such exercise, be listed) on the face thereof: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or registered or qualified under applicable state securities laws. Such shares may not be offered, sold, transferred, pledged or hypothecated in the absence of an effective registration statement in effect with respect to the shares under such Act and registration or qualification under any applicable state securities laws or an opinion of counsel reasonably satisfactory to the Company that such registration or qualification is not required under applicable federal and state securities laws."

Legend on Warrant Stock. Each certificate for Warrant Shares initially issued upon exercise of this Warrant, unless at the time of exercise such Warrant Shares are registered under the Securities Act of 1933, as amended from time to time (the "Securities Act"), shall bear the following legend (and any additional legend(s) required by any securities exchange upon which such Warrant Stock may, at the time of such exercise, be listed) on the face thereof: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or registered or qualified under applicable state securities laws. Such shares may not be offered, sold, transferred, pledged or hypothecated in the absence of an effective registration statement in effect with respect to the shares under such Act and registration or qualification under any applicable state securities laws or an opinion of counsel reasonably satisfactory to the Company that such registration or qualification is not required under applicable federal and state securities laws."