Common use of Offer and Sale of Securities Clause in Contracts

Offer and Sale of Securities. Assuming the truth of the representations and warranties of the Purchaser set forth in Article 2 as of the date hereof and as of the date of exercise of the Warrants and acquisition of the Warrant Shares, then the offer, sale and issuance of the Warrants complied with or are exempt from, and the issuance of the Warrant Shares pursuant to the terms hereof and thereof will comply with or will be exempt from, the requirements of federal and applicable state securities or "Blue Sky" laws.