Common use of DSS Shares Clause in Contracts

DSS Shares. Assuming the accuracy of the representations and warranties made by SED and the Seller herein, the DSS Common Shares and the DSS Preferred Shares, when issued and delivered as provided herein, and the shares of DSS common stock issuable upon conversion of the DSS Preferred Shares, upon conversion thereof as provided in the Certificate of Designations, will have been duly authorized, and will be validly issued, fully paid and non-assessable, and will have been issued in accordance with a valid exemption to the registration requirements of the Securities Act.