Common use of Section 16 Exemption Clause in Contracts

Section 16 Exemption. The Board of Directors of Parent shall take all necessary actions to exempt all Affiliates of the Company from Section 16 of the Exchange Act in connection with the issuance of Parent Common Stock in the Merger pursuant to the terms and conditions set forth herein.

Section 16 Exemption. The Board board of Directors directors of Parent shall take all necessary actions to exempt all Affiliates of the Company from Section 16 of the Exchange Act in connection with the issuance of Parent Common Stock in the Merger pursuant to the terms and conditions set forth herein.