Common use of Registration and Qualification Procedures Clause in Contracts

Registration and Qualification Procedures. Whenever the Company is required by the provisions of this Subscription Agreement to effect the registration of any of its securities under the Securities Act, the Company will, as expeditiously as is practicable prepare and file with the SEC a registration statement with respect to such Piggy-Back Shares and shall reasonably cooperate with each USA Subscriber whose Piggy-Back Shares are to be included therein and shall use its reasonable best efforts to register or qualify the securities covered by such registration statement under the securities or blue sky laws of such jurisdictions within the United States as the USA Subscriber shall reasonably request, and do such other reasonable acts and things as may be required of it to enable the USA Subscriber to conclude the sale or other disposition in such jurisdictions of the Piggy-Back Shares owned by him or her; provided, however, that the Company shall not be required to (a) qualify as a foreign corporation or consent to a general and unlimited service of process in any such jurisdiction, (b) subject itself to any material taxation in any such jurisdiction, or (iii) qualify as a dealer in securities.