Common use of FMCA Disclosure Exemption Clause in Contracts

FMCA Disclosure Exemption. It may be a condition of any offer of New Securities under this clause 9 that each Shareholder accepting such offer must provide evidence reasonably satisfactory to the Board that an FMCA Disclosure Exemption applies to it. For the avoidance of doubt, any offer which includes this condition will satisfy the pre-emptive requirements in this clause 9 notwithstanding that some Shareholders may not be eligible to accept such offer.

FMCA Disclosure Exemption. It may be a condition of any offer of New Securities Transfer Shares under this clause 9 10 that each Shareholder accepting such offer must provide evidence reasonably satisfactory to the Board that an FMCA Disclosure Exemption applies to it. For the avoidance of doubt, any offer which includes this condition will satisfy the pre-emptive requirements in this clause 9 10 notwithstanding that some Shareholders may not be eligible to accept such offer.