Common use of NO STATE QUALIFICATION OR REGISTRATION Clause in Contracts

NO STATE QUALIFICATION OR REGISTRATION. The offer and sale of the Option and the Shares have not been qualified with the Commissioner of Corporations of the State of California, or registered or qualified with any other state agency. The Company may offer the Option and the Shares in reliance on the exemption from qualification set forth in Section 25102.1 of the California Corporate Securities Law of 1968 for "covered securities" as that term is defined in Section 18 of the Securities Act, or in reliance on any other available exemption.

NO STATE QUALIFICATION OR REGISTRATION. The offer and sale of the Option and the Shares have has not been qualified with the Commissioner of Corporations of the State of California, or registered or qualified with any other state agency. The Company may offer the Option and is offering the Shares in reliance on the exemption from qualification set forth in state regulation provided by California Corporations Code Section 25102.1 of the California Corporate Securities Law of 1968 for "covered securities," as that term is defined in Section 18 of the Securities Act, or in reliance on any other available exemption.

NO STATE QUALIFICATION OR REGISTRATION. The offer and sale of the Option and the Shares have not been qualified with the Commissioner of Corporations of the State of California, or registered or qualified with any other state agency. The Company may offer COMPANY is offering the Option and the Shares in reliance on the exemption from qualification set forth in Section 25102.1 of the California Corporate Securities Law of 1968 for "covered securities" as that term is defined in Section 18 of the Securities Act, or in reliance on any other available exemption.