Common use of The Exemption Clause in Contracts

The Exemption. Each Holder understands that the Exchange Shares are being offered and issued in reliance on specific provisions of federal and state securities laws, specifically the Exemption, and not under a registration statement of the Company, and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of each Holder for purposes of qualifying for exemptions from registration under the Securities Act and applicable state securities laws.

Appears in 3 contracts

Sources: Warrant Exchange Agreement (Ostin Technology Group Co., Ltd.), Warrant Exchange Agreement (China SXT Pharmaceuticals, Inc.), Warrant Exchange Agreement (Haoxi Health Technology LTD)

The Exemption. Each The Holder understands that the Exchange Shares are being offered and issued in reliance on specific provisions of federal and state securities laws, specifically the Exemption, and not under a registration statement of the Company, and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of each the Holder for purposes of qualifying for exemptions from registration under the Securities Act and applicable state securities laws.

Appears in 2 contracts

Sources: Warrant Exchange Agreement (Professional Diversity Network, Inc.), Warrant Exchange Agreement (Perception Capital Corp. IV)