Common use of Securities Law Exemption Clause in Contracts

Securities Law Exemption. Subject to the accuracy of ------------------------ the Purchasers' representations in Section 4 of this Agreement, the offer, sale and issuance of the Notes and the issuance of the Conversion Stock constitute transactions exempt from the registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the "Securities Act" or the -------------- "Act"), and have been registered or qualified (or are exempt from --- registration and qualification) under the registration, permit or qualification requirements of all applicable state securities laws.

Securities Law Exemption. Subject to the accuracy of ------------------------ the PurchasersInvestors' representations in Section 4 of this Agreement, the offer, sale and issuance of the Notes Shares and the issuance of the Conversion Stock constitute transactions exempt from the registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the "Securities Act" or the -------------- "ActACT"), and have been registered or qualified (or are exempt from --- registration and qualification) under the registration, permit or qualification requirements of all applicable state securities laws.

Securities Law Exemption. Subject to the accuracy of ------------------------ the PurchasersInvestors' representations in Section 4 of this Agreement, the offer, sale and issuance of the Notes Shares and the issuance of the Conversion Stock constitute transactions exempt from the registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the "Securities 1933 Act" or the -------------- "Act"), and have been registered or qualified (or are exempt from --- registration and qualification) under the registration, permit or qualification requirements of all applicable state securities laws.

Securities Law Exemption. Subject to the accuracy of ------------------------ the Purchasers' Investor's representations in Section 4 of this Agreement, the offer, sale sale, and issuance of the Notes and the issuance of the Conversion Stock Shares constitute transactions exempt from the registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the "Securities Act" or the -------------- "Act"), and have been registered or qualified (or are exempt from --- registration and qualification) qualification under the registration, permit or qualification requirements of all applicable state securities laws.

Securities Law Exemption. Subject to the accuracy of ------------------------ the PurchasersInvestors' representations in Section 4 of this Agreement, the offer, sale and issuance of the Notes Series D Shares, the Warrants and the issuance of the Conversion Stock constitute transactions exempt from the registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the "Securities 1933 Act" or the -------------- "Act"), and have been registered or qualified (or are exempt from --- registration and qualification) under the registration, permit or qualification requirements of all applicable state securities laws.