Common use of Registration or Exemption Requirements Clause in Contracts

Registration or Exemption Requirements. Subscriber acknowledges and understands that the Securities may not be resold or otherwise transferred except in a transaction registered under the Act and any applicable state securities laws, or unless an exemption from such registration is available. Subscriber understands that the Securities will be imprinted with a legend that prohibits the transfer of the Securities unless they are registered or such registration is not required.

Registration or Exemption Requirements. Subscriber Such Warrantholder further acknowledges and understands that the Securities may not be resold or otherwise transferred except in a transaction registered under the Securities Act and any applicable state securities laws, or unless an exemption from such registration is available. Subscriber Such Warrantholder understands that the Securities will be imprinted with a legend that prohibits the transfer of the Securities unless they are registered or to such registration is not requiredeffect.