Common use of Registration Under Clause in Contracts

Registration Under. The Securities Act Of 1933. The Warrant Shares have not been registered under the 1933 Act. Upon the exercise of this Warrant, each certificate representing the Warrant Shares shall bear the following legend: The Shares represented by this certificate have not been registered under the Securities Act of 1933, as amended. They may not be sold, offered for sale, transferred, assigned, hypothecated or otherwise disposed of in the absence of an effective registration statement as to such shares under that Act or an opinion of counsel satisfactory to the issuer that an exemption from registration is applicable to such sale, transfer, assignment, hypothecation or other designation.