Common use of Exempt Transaction Clause in Contracts

Exempt Transaction. Subject to the accuracy of the Holder's ------------------ representations in this Section 11 and any filing necessary to obtain a state securities law exemption, the issuance of Shares upon exercise of this Warrant will constitute a transaction exempt from (i) the registration requirements of Section 5 of the Securities Act, and (ii) the qualification requirements of the applicable state securities laws.

Exempt Transaction. Subject to the accuracy of the Holder's ------------------ representation in Section 10 hereof and provided that (a) such representations in are correct at the time this Section 11 Warrant is exercised, (b) this Warrant is not transferred and any filing necessary (c) the laws with respect to obtain a state securities law exemptionthe subject matter herein are not amended, the Company covenants that the issuance of Shares the Designated Preferred Stock upon exercise of this Warrant will constitute a transaction exempt from (i) the registration requirements of Section 5 of the Securities Act, in reliance upon Section 4(2) thereof, and (ii) the qualification requirements of the applicable state securities laws.

Exempt Transaction. Subject to the accuracy of the Holder's ------------------ Holders representations in this Section 11 and any filing necessary to obtain a state securities law exemptionhereof, the issuance of the Shares upon exercise of this Warrant will constitute a transaction exempt from (i) the registration requirements of Section 5 of the Securities Act, in reliance upon Section 4(2) thereof, and (ii) the qualification requirements of the applicable state securities laws.

Exempt Transaction. Subject to the accuracy of the Holder's ------------------ representations in this Section 11 and any filing necessary to obtain a state securities law exemption, the issuance of Shares upon exercise of this Warrant will constitute a transaction exempt from (i) the registration requirements of Section 5 of the Securities Act, in reliance upon Section 4(2) thereof, and (ii) the qualification requirements of the applicable state securities laws.

Exempt Transaction. Subject to the accuracy of the Holder's ------------------ representation in Section 8 hereof and provided that (a) such representations in are correct at the time this Section 11 Warrant is exercised, (b) this Warrant is not transferred and any filing necessary (c) the laws with respect to obtain a state securities law exemptionthe subject matter herein are not amended, the Company covenants that the issuance of Shares the Designated Preferred Stock upon exercise of this Warrant will constitute a transaction exempt from (i) the registration requirements of Section 5 of the Securities Act, in reliance upon Section 4(2) thereof, and (ii) the qualification requirements of the applicable state securities laws.