Exempt Issuance Definition Example

Exempt Issuance. The issuance of (i) shares of Common Stock or options to officers, directors, or consultants of the Company pursuant to any stock or option plan duly adopted by a majority of the non-employee members of the Board of Directors of the Company or a majority of the members of a committee of non-employee directors established for such purpose, (ii) securities issued pursuant to strategic acquisitions approved by a majority of the disinterested directors of the Company, (iii) shares of Common Stock... issued in connection with regularly scheduled dividend payments on any preferred stock of the Company, (iv) shares of Common Stock issued pursuant to any real property leasing arrangement or financing from a national bank approved by the Board of Directors of the Company, (v) shares of Common Stock issued pursuant to the conversion or exchange of any security issued by the Company prior to the Issuance Date, and (vi) sales under the Purchase Agreement. View More