Common use of Exempt Issuances Clause in Contracts

Exempt Issuances. As used herein, “Exempt Issuances” means: (A) the issuance of Securities pursuant to the Series C Share Purchase Agreement; (B) the issuance of Securities pursuant to a Public Offering; (C) (1) the issuance of Incentive Shares to any current or former employees, officers, consultants, advisers, directors or managers of the Company and any Subsidiary pursuant to Section 4(f) of the LLC Agreement, (2) the issuance of Securities as a dividend or distribution on the outstanding Shares in accordance with the terms of the LLC Agreement, including the issuance of corporate stock to the members of the Company upon a conversion of the Company to a corporation pursuant to Section 13(i) of the LLC Agreement, (3) the issuance of Securities upon the conversion or exercise of Common Share Equivalents as to which the Company complied with the provisions of this Article, (4) the issuance of Securities pursuant to any split, dividend, combination or similar event affecting the Company’s Common Shares, (5) the issuance of Securities in connection with bona fide business combinations or corporate partnering arrangements approved by the Board, (6) the issuance of Securities (and options and warrants therefor) to parties in connection with the entry by the Company into equipment leases, real property leases, loans, credit lines, guaranties of indebtedness, cash price reductions or similar financing approved by the Board, and (7) the issuance of Securities to (a) licensors to the Company of technology or patents, (b) collaborative partners of the Company or (c) licensees of the Company in connection with the development, marketing or commercialization of the Company’s products, in each case, as approved by the Board, in accordance with the terms of the LLC Agreement.

Exempt Issuances. As used herein, The issuances referred to in Section 2.1 which will not give the Investors or the Designated Holders the rights described in Section 2.2 (the “Exempt Issuances” means: ”) are issuances in which New Securities are issued or deemed issued (Ai) the issuance upon conversion of Securities pursuant to the Series C Share Purchase AgreementPreferred Stock; (Bii) the issuance of Securities pursuant to a Public Offering; (C) (1) the issuance of Incentive Shares to any current or former employees, officers, consultants, advisers, directors or managers of the Company and any Subsidiary pursuant to Section 4(f) of the LLC Agreement, (2) the issuance of Securities as a dividend or distribution on payable pro rata to all holders of Common Stock or to all holders of any other class of securities of the outstanding Shares Company; (iii) up to an aggregate of 3,600,000 shares of Common Stock subject to stock-based awards issuable to employees, consultants, officers and directors of the Company (“Company Employees”) pursuant to the Company’s 2000 Stock Plan, as amended (the “Plan”) or otherwise, which aggregate number of shares includes (A) all shares subject to unexercised options granted under the Plan (which have not yet expired or terminated) as of the date of this Agreement and (B) all shares subject to stock-based awards that have been previously forfeited, terminated or have expired unexercised, which shares again become available for issuance under new stock-based awards pursuant to the Company’s 2000 Stock Plan; (iv) such additional shares of Common Stock that may be granted subject to stock-based awards to Company Employees pursuant to a stock plan approved in accordance with the terms Section 6.1 of the LLC this Agreement, including the issuance of corporate stock to the members of the Company upon a conversion of the Company to a corporation pursuant to Section 13(i; (v) of the LLC Agreement, (3) the issuance of Securities upon in connection with the conversion or exercise of any options, warrants or other rights to purchase Common Share Equivalents as Stock (A) existing on the date hereof or (B) issued in accordance with the foregoing clause (iii); (vi) securities issued to which Persons with whom the Company complied enters into bona fide strategic research, development, manufacturing, marketing, sales, distribution or similar arrangements (the aggregate of exclusions under this clause (vi) not to exceed a number of shares in excess of ten percent (10%) of (A) the outstanding shares of Common Stock, plus (B) shares issuable upon the exchange or conversion of all Convertible Securities exchangeable for or convertible into Common Stock, all such Convertible Securities issuable upon exercise of Rights, and upon exercise of all Rights to acquire Common Stock); (vii) securities issued in connection with acquisitions of all or substantially all of the provisions assets or business of another entity; (viii) securities issued to commercial financing or leasing companies in connection with financing or leasing transactions and the shares of Common Stock issuable upon exercise thereof (the aggregate of exclusions under this Articleclause (viii) not to exceed a number of shares in excess of 2 percent (2%) of (A) the outstanding shares of Common Stock, plus (4B) shares issuable upon the exchange or conversion of all Convertible Securities exchangeable for or convertible into Common Stock, all such Convertible Securities issuable upon exercise of Rights, and upon exercise of all Rights to acquire Common Stock); (ix) where such issuance or deemed issuance is deemed in writing to be an Excluded Issuance (A) by the holders of a majority of all shares of Common Stock and (B) by the holders of a majority of the outstanding shares of each of the Series C Stock, the Series C-1 Stock, the Series D Stock and the Series E Stock; (x) the issuance of Securities the shares of Series E Stock under and pursuant to any split, dividend, combination or similar event affecting the Company’s Common Shares, Purchase Agreement; and (5xi) the issuance of Securities shares of Common Stock in connection with bona fide business combinations or corporate partnering arrangements approved by the Board, (6) the issuance of Securities (and options and warrants therefor) to parties in connection with the entry by the Company into equipment leases, real property leases, loans, credit lines, guaranties of indebtedness, cash price reductions or similar financing approved by the Board, and (7) the issuance of Securities to (a) licensors to the Company of technology or patents, (b) collaborative partners of the Company or (c) licensees of the Company in connection with the development, marketing or commercialization of the Company’s products, in each case, as approved by the Board, in accordance with the terms of the LLC Agreementan Initial Public Offering.

Exempt Issuances. As used herein, “The following issuances of Common Stock or Convertible Securities shall be "Exempt Issuances” means: (A) the issuance of Securities pursuant " not subject to the Series C Share Purchase Agreement; right of purchase in this Section 5(i): (Ba) any shares of the issuance of Company's Common Stock and/or Convertible Securities pursuant issued to a Public Offering; (C) (1) the issuance of Incentive Shares to any current or former employees, officers, consultantsdirectors, adviserscontractors, directors advisors or managers consultants of the Company and any Subsidiary pursuant to Section 4(f) incentive agreements or plans approved by the Board of Directors of the LLC Agreement, Company; (2b) the issuance any securities issuable upon exercise of any Convertible Securities as a dividend or distribution outstanding on the outstanding Shares in accordance with the terms date of this agreement; (c) shares of the LLC Agreement, including the issuance of corporate Company's Common Stock issued in connection with any stock to the members of the Company upon a conversion of split or stock dividend; (d) securities offered by the Company to a corporation the public pursuant to Section 13(ia registration statement filed under the Securities Act; (e) any shares of the LLC Agreement, Company's Common Stock (3) the issuance of Securities upon the conversion and/or options or exercise of Common Share Equivalents as to which the Company complied with the provisions of this Article, (4) the issuance of Securities pursuant to any split, dividend, combination or similar event affecting the Company’s Common Shares, (5) the issuance of Securities in connection with bona fide business combinations or corporate partnering arrangements approved by the Board, (6) the issuance of Securities (and options and warrants therefor) issued or issuable to parties in connection with the entry by providing the Company into with equipment leases, real property leases, loans, credit lines, guaranties of indebtedness, cash price reductions or similar financing approved financing; (f) securities issued pursuant to the acquisition of another corporation or entity by the BoardCompany by consolidation, and (7) merger, purchase of all or substantially all of the issuance of Securities to (a) licensors to assets, or other reorganization in which the Company acquires, in a single transaction or series of technology related transactions, all or patents, (b) collaborative partners substantially all of the Company assets of such other corporation or entity or fifty percent (c50%) licensees or more of the Company in connection with voting power of such other c corporation or entity or fifty percent (50%) or more of the development, marketing equity ownership of such other entity; or (g) securities issued to a strategic business partner who is either a supplier or commercialization customer of the Company’s products, in each case, as approved by the Board, in accordance with the terms of the LLC Agreement.