Common use of Restricted Securities Legend Clause in Contracts

Restricted Securities Legend. The Purchaser acknowledges that the Warrants are “restricted” securities within the meaning of the Securities Act and hereby agrees that the Warrants will contain the following or similar legend on the face of the certificates evidencing the Warrants: “These securities have not been registered under any securities laws and may not be sold or otherwise transferred or disposed of except pursuant to an effective registration statement under any applicable state securities laws, or an opinion of counsel satisfactory to counsel to the Company that an exemption from registration under the Securities Act and any applicable state securities laws is available.”

Restricted Securities Legend. The Purchaser acknowledges that the Warrants Securities are “restricted” securities within the meaning of the Securities Act and hereby agrees that the Warrants Securities will contain the following or similar legend on the face of the certificates evidencing the WarrantsSecurities: “These securities have not been registered under any securities laws and may not be sold or otherwise transferred or disposed of except pursuant to an effective registration statement under any applicable state securities laws, or an opinion of counsel satisfactory to counsel to the Company that an exemption from registration under the Securities Act and any applicable state securities laws is available.”