Common use of Registration for Resale Clause in Contracts

Registration for Resale. The Company agrees to file a registration statement with the Securities and Exchange Commission (the “Commission”) to register the Shares for resale under the Securities Act within 90 days of the Closing Date and to use its commercially reasonable efforts to ensure the effectiveness of the registration statement for the Shares so that the Shares will be freely tradeable and fully registered as soon as practicable thereafter. The Company shall promptly prepare and file with the Commission such amendments and supplements to the registration statement and the prospectus used in connection therewith as may be necessary to keep the registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all of the Shares until such time as all of the Shares have been disposed of. After the registration statement is declared effective, purchasers of Shares in the offering could sell their Shares by delivery of the resale prospectus included in such registration statement.