Preferred Stock Legend. The Preferred Stock shall bear the following legend: "THIS CERTIFICATE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS CERTIFICATE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS CERTIFICATE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS CERTIFICATE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO UNIVERSAL COMMUNICATION SYSTEMS, INC. THAT SUCH REGISTRATION IS NOT REQUIRED."
Appears in 3 contracts
Samples: Subscription Agreement (Universal Communication Systems Inc), Subscription Agreement (Universal Communication Systems Inc), Subscription Agreement (Universal Communication Systems Inc)
Preferred Stock Legend. The Preferred Stock shall bear the following legend: "THIS CERTIFICATE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS CERTIFICATE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS CERTIFICATE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS CERTIFICATE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO UNIVERSAL COMMUNICATION SYSTEMSGENESIS TECHNOLOGY GROUP, INC. THAT SUCH REGISTRATION IS NOT REQUIRED."
Appears in 1 contract
Samples: Subscription Agreement (Genesis Technology Group Inc)