Common use of Risk of No Registration Clause in Contracts

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 Act, or file reports pursuant to Section 15(d), of the Securities Exchange Act of 1934 (the “Exchange Act”), or if a registration statement covering the securities under the Securities Act is not in effect when it desires to sell (i) the Warrant, or (ii) the Common Stock issuable upon exercise of the Warrant, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Warrant or the Common Stock issuable upon exercise of the Warrant 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 the Common Stock with the Securities and Exchange Commission pursuant to Section 12 of the Securities Act, or file reports pursuant to Section 15(d), of the Securities Exchange Act of 1934 (the “Exchange 1934 Act”), or if a registration statement covering the securities Warrant or the Common Stock issuable upon exercise hereof under the Securities 1933 Act is not in effect when it the Holder desires to sell (i) the Warrant, Warrant or (ii) the Common Stock issuable upon exercise of the Warrant, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Warrant or the Common Stock issuable upon exercise of the Warrant 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.

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 1933 Act, or file reports pursuant to Section 15(d), of the Securities Exchange Act of 1934 (the “Exchange 1934 Act”), or if a registration statement covering the securities under the Securities 1933 Act is not in effect when it desires to sell (i) the Warrant, or (ii) the Common Stock issuable upon exercise of the Warrant, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Warrant or the Common Stock issuable upon exercise of the Warrant 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.

Risk of No Registration. The Holder understands that if the Company does not register with the Securities and Exchange Commission (the “Commission”) pursuant to Section 12 of the Securities Exchange Act, or file reports pursuant to Section 15(d), ) of the Securities Exchange Act of 1934 (the “Exchange Act”), or if a registration statement covering the securities Common Stock issuable upon the exercise of this Warrant under the Securities Act is not in effect when it desires to sell (i) the Warrant, or (ii) the Common Stock issuable upon exercise of the this Warrant, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Warrant or the shares of Common Stock issuable upon exercise of the this Warrant 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 1933 Act, or file reports pursuant to Section 15(d), of the Securities Exchange Act of 1934 (the “Exchange "1934 Act”"), or if a registration statement covering the securities under the Securities 1933 Act is not in effect when it desires to sell (i) the Warrant, or (ii) the Common Stock issuable upon exercise of the Warrant, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Warrant or the Common Stock issuable upon exercise of the Warrant 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.