Common use of Form of Legal Opinion Clause in Contracts

Form of Legal Opinion. We are counsel to PositiveID Corporation, a Delaware corporation (“Company”), in connection with the sale and issuance of shares (“Preferred Shares”) of Company’s Series H Preferred Stock, par value $0.001 per share (“Preferred Stock”), convertible into shares (“Common Shares”) of Company’s common stock, par value $0.01 per share (“Common Stock”) to Ironridge Technology Co., a division of Ironridge Global IV, Ltd., a British Virgin Islands business company (“Purchaser”), (the Preferred Shares and Common Shares, collectively, “Shares”) pursuant to the terms of the Preferred Stock Purchase Agreement dated as of January 13, 2012 (“Agreement”, and collectively with all documents and agreements related to or arising from the Agreement, the “Transaction Documents”), by and between Company and Purchaser. Capitalized terms not otherwise defined herein have the meanings set forth in the Transaction Documents. We are of the opinion that, as of the date hereof:

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Form of Legal Opinion. We are counsel to PositiveID CorporationCorporation , a Delaware corporation (“Company”), in connection with the sale and issuance of shares (Preferred SharesShares ”) of Company’s ’ s Series H G Preferred Stock, par value $0.001 per share (“Preferred Stock”), convertible into shares (“Common Shares”) of Company’s common stock, par value $0.01 per share (“Common Stock”) to Ironridge Technology Co.Global Technology, a division of Ironridge Global IV, Ltd., a British Virgin Islands business company (“Purchaser”), (the Preferred Shares and Common Shares, collectively, “Shares”) pursuant to the terms of the Preferred Stock Purchase Agreement dated as of January 13July 27, 2012 2011 (“Agreement”, and collectively with all documents and agreements related to or arising from the Agreement, the “Transaction Documents”), by and between Company and Purchaser. Capitalized terms not otherwise defined herein have the meanings set forth in the Transaction Documents. We are of the opinion that, as of the date hereof:

Appears in 1 contract

Sources: Stock Purchase Agreement (POSITIVEID Corp)

Form of Legal Opinion. We are counsel to PositiveID East Coast Diversified Corporation, a Delaware Nevada corporation (“Company”), in connection with the sale and issuance of shares ("Preferred Shares") of Company’s 's Series H B Preferred Stock, par value $0.001 per share ("Preferred Stock''), convertible into shares ("Common Shares") of Company’s 's common stock, par value $0.01 0.001 per share (“Common Stock'') to Ironridge lronridge Technology Co., a division of Ironridge Global IV, Ltd., a British Virgin Islands business company ("Purchaser"), (the Preferred Shares and Common Shares, collectively, (Sharesshares”) pursuant to the terms of the Preferred Stock Purchase Agreement dated as of January 13April 20, 2012 ("Agreement", and collectively with all documents and agreements related to or arising from the Agreement, the 'Transaction Documents"), by and between Company and Purchaser. Capitalized terms not otherwise defined herein have the meanings set forth in the Transaction Documents. We are of the opinion that, as of the date hereof:

Appears in 1 contract

Sources: Stock Purchase Agreement (East Coast Diversified Corp)