Common use of Registration or Qualification of Securities Clause in Contracts

Registration or Qualification of Securities. The Company shall be under no obligation to register for offering or resale or to qualify for exemption under the Securities Act, or to register or qualify under state securities laws, any shares Option Shares issued upon the exercise of this Option or to continue in effect any such registrations or qualifications if made. The Company may issue certificates for shares with such legends and subject to such restrictions on transfer and stop-transfer instructions as counsel for the Company deems necessary or desirable for compliance by the Company with federal and state securities laws.