Common use of No Outstanding Registration Rights Clause in Contracts

No Outstanding Registration Rights. The Company represents and warrants to the Investor that there is not in effect on the date hereof any agreement by the Company pursuant to which any holders of securities of the Company have a right to cause the Company to register or qualify such securities under the Securities Act or any securities or blue sky laws of any jurisdiction, except for piggyback registration rights granted to the holders of three convertible notes in the aggregate amount of $250,000 issued to Mr. James K.T. Lu, Balmore Funds and Mr. Jeffrey I. Schillen which nxxxx xxx xxxxxxxibxx xxxo 5,000,000 xxxxxx xx Xxxxxx Stock of the Company.