Common use of Registration Exemption Clause in Contracts

Registration Exemption. The Purchaser understands and acknowledges that the offering of the Shares, the Warrants, and the Conversion Shares pursuant to this Agreement will not be registered under the Securities Act on the ground that the sale provided for in this Agreement and the issuance of securities hereunder is exempt pursuant to Section 4(2) of the Securities Act or Regulation D thereunder, and that the Company's reliance on such exemption is predicated on the Purchasers' representations set forth herein.

Registration Exemption. The Purchaser understands and acknowledges ---------------------- that the offering of the Shares, the Warrants, Shares and the Conversion Shares pursuant to this Agreement will not be registered under the Securities Act on the ground that the sale provided for in this Agreement and the issuance of securities hereunder is exempt pursuant to Section 4(2) of the Securities Act or Regulation D thereunder, and that the Company's reliance on such exemption is predicated on the Purchasers' representations set forth herein.

Registration Exemption. The Purchaser understands and acknowledges that the offering of the Shares, the Warrants, Shares and the Conversion Shares pursuant to this Agreement will not be registered under the Securities Act on the ground that the sale provided for in this Agreement and the issuance of securities hereunder is exempt pursuant to Section 4(2) of the Securities Act or Regulation D thereunder, and that the Company's reliance on such exemption is predicated on the Purchasers' representations set forth herein.