Common use of Removal of Restrictive Legend Clause in Contracts

Removal of Restrictive Legend. The legend set forth above shall be removed by the Company from any certificate evidencing the Shares or any other of the Company’s securities acquired by Cryogen pursuant to this Agreement upon delivery to the Company of an opinion by counsel, reasonably satisfactory to the Company, if requested by the Company that a registration statement under the Act is at that time in effect with respect to the legended security or that such security can be freely transferred in a public sale without such a registration statement being in effect and that such transfer shall not jeopardize the exemption or exemptions from registration pursuant to which the Company issued the Shares.