Common use of Valid Issuance of Common Stock and Warrants Clause in Contracts

Valid Issuance of Common Stock and Warrants. The Shares that are being purchased by the Buyer hereunder, when delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and nonassessable, and will be free of restrictions on transfer directly or indirectly created by the Company other than restrictions on transfer under applicable state and federal securities laws.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Sylios Corp), Securities Purchase Agreement (Adventure Energy, Inc.)

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Valid Issuance of Common Stock and Warrants. The Shares Common Stock that are is being purchased by the Buyer hereunder, and the Common Stock underlying the Warrants, when issued, sold and delivered in accordance with the terms of this Agreement and the Warrant Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, paid and nonassessable, and will be free of restrictions on transfer directly or indirectly created by the Company transfer, other than restrictions on transfer under applicable state and federal securities laws.

Appears in 1 contract

Samples: Securities Purchase Agreement (Telanetix,Inc)

Valid Issuance of Common Stock and Warrants. The Shares and Warrants that are being purchased by the Buyer Investor hereunder, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and nonassessable, and will be free of restrictions on transfer directly or indirectly created by the Company other than restrictions on transfer under applicable state and federal securities laws.

Appears in 1 contract

Samples: Securities Purchase Agreement (Whos Your Daddy Inc)

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Valid Issuance of Common Stock and Warrants. The Shares that are being purchased by and the Buyer hereunderWarrants have been duly authorized and, when issued, sold and delivered against payment therefor in accordance with the terms of this Agreement for the consideration expressed hereinAgreement, will be duly and validly issuedissued and, in the case of the Shares, fully paidpaid and nonassessable and free and clear of all liens, taxes and nonassessable, and will be free of encumbrances except for restrictions on transfer directly contained herein, and not be subject to preemptive or indirectly created by the Company other than restrictions on transfer under applicable state and federal securities laws.similar

Appears in 1 contract

Samples: Securities Purchase Agreement (Fiberstars Inc /Ca/)

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