Common use of Risk of No Registration Clause in Contracts

Risk of No Registration. The Holder understands that if the Company does not register pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “1934 Act”), or file reports pursuant to Section 15(d) of the 1934 Act, or if a registration statement covering the securities under the Securities Act is not in effect when it desires to sell the securities issuable upon exercise of this Warrant, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of securities issued or issuable hereunder which might be made by it in reliance upon Rule 144 under the Securities Act may be made only in accordance with the terms and conditions of that Rule.

Risk of No Registration. The Holder Warrantholder understands that if the Company does not register with the Securities and Exchange Commission pursuant to Section 12 of the Securities Exchange Act of 1934, as amended 1934 (the “1934 Exchange Act”), or file reports pursuant to Section 15(d) of the 1934 Exchange Act, or if a registration statement covering the securities under the Securities Act is not in effect when it desires to sell the securities Common Stock issuable upon exercise of this Warrantthe right to purchase, it may be required to hold such securities for an indefinite period. The Holder Warrantholder also understands that any sale of securities issued or issuable hereunder its Common Stock which might be made by it in reliance upon Rule 144 under the Securities Act may be made only in accordance with the terms and conditions of that Rule.

Risk of No Registration. The Holder Warrantholder understands that if the Company does not register with the SEC pursuant to Section 12 of the Securities Exchange Act of 1934, as amended 1934 (the “1934 Act”), or file reports pursuant to Section 15(d) of the 1934 Act, or if a registration statement covering the securities under the Securities Act is not in effect when it desires to sell this Warrant or the securities shares issuable upon exercise of this Warranthereof, it may be required to hold such securities for an indefinite period. The Holder Warrantholder also understands that any sale of securities issued this Warrant or the shares issuable hereunder upon exercise hereof which might be made by it in reliance upon Rule 144 under the Securities Act may be made only in accordance with the terms and conditions of that Rule.

Risk of No Registration. The Holder understands that if the Company does not register with the Securities and Exchange Commission pursuant to Section 12 of the Securities Exchange Act of 1934, as amended 1934 (the “1934 Act”), or file reports pursuant to Section 15(d) of the 1934 Act, or if a registration statement covering the securities under the Securities 1933 Act is not in effect when it desires to sell the securities Warrants issuable upon exercise conversion of this Warrantthe Note, or the underlying securities thereunder, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of securities issued the Note or issuable hereunder the Warrants which might be made by it in reliance upon Rule 144 under the Securities 1933 Act may be made only in accordance with the terms and conditions of that Rule.