Where do I find the official legend for shares in the stock purchase agreement?
A legend is a statement on a stock certificate noting restrictions on the transfer of the stock. This often occurs due to Securities and Exchange Commission (SEC) requirements for unregistered securities.
Restrictions on the sale or transfer of share ownership are common among privately-held corporations. The legend warns against the public resale of shares and asks the issuer to replace these shares with legend-free ones instead.
See the example of a legend found in a Common Stock Purchase Agreement.