Common use of DEMAND REGISTRATION RIGHTS; NOTICE OF DEMAND Clause in Contracts

DEMAND REGISTRATION RIGHTS; NOTICE OF DEMAND. If the Company receives a written notice from the Optionholders, upon exercise of the options, demanding that the Company register such Optionholders' Shares issued upon exercise, then the Company shall give written notice of such demand to all Optionholders and will use its commercial best efforts to include in a registration statement all Shares requested to be so included by all Optionholders upon written notice to the Company at anytime within the Company's current fiscal quarter in which the written notice of such demand was given.