The Collaborative International Dictionary of English v.0.48:
Exempt \Ex*empt"\, v. t. [imp. & p. p. Exempted; p. pr. & vb.
n. Exempting.] [F. exempter. See Exempt, a.]
1. To remove; to set apart. [Obs.] --Holland.
2. To release or deliver from some liability which others are
subject to; to except or excuse from he operation of a
law; to grant immunity to; to free from obligation; to
release; as, to exempt from military duty, or from jury
service; to exempt from fear or pain.
So snatched will not exempt us from the pain
We are by doom to pay. --Milton.