Common use of Applicable Exemption from Registration under the Securities Act Clause in Contracts

Applicable Exemption from Registration under the Securities Act. The Company shall be satisfied that the issuance of the Company Shares, the Company Warrants and, to the extent any Warrant Shares are issued, the Warrant Shares, to the Armada Stockholders, in connection with the Share Exchange, shall be exempt from registration pursuant to Section 4(2) of the Securities Act, Regulation D as promulgated under the Securities Act, or any other applicable exemption therefrom.

Applicable Exemption from Registration under the Securities Act. The Company Armada shall be satisfied that the issuance of the Company Shares, the Company Warrants and, to the extent any Warrant Shares are issued, the Warrant Shares, to the Armada Stockholders, in connection with the Share Exchange, shall be exempt from registration pursuant to Section 4(2) of the Securities Act, Regulation D as promulgated under the Securities Act, or any other applicable exemption therefrom.