Common use of Offshore Transactions Clause in Contracts

Offshore Transactions. Subject to the completeness and accuracy of the Buyer's representations and warranties herein, upon request of an investor who is a non-U.S. Person, and following the expiration of any applicable Distribution Compliance Period (as those terms are defined in Regulation S), the Company, shall, at its expense, take all necessary action (including the issuance of an opinion of counsel) to assure that the Company's transfer agent shall issue stock certificates without restrictive legend or stop orders in the name of Investor (or its nominee (being a non-U.S. Person) or such non-U.S. Persons as may be designated by Investor. Nothing in this Section, however, shall affect in any way Investor's or such nominee's obligations and agreement to comply with all applicable securities laws upon resale of the Common Stock.