Common use of Registration for Resale Clause in Contracts

Registration for Resale. The Company has agreed to file a registration statement with the Securities and Exchange Commission to register the Shares for resale under the Securities Act within 90 days of issuance and to use its best efforts to have the registration statement declared effective promptly after filing. After the registration statement is declared effective, purchasers of common stock in the offering could sell their Shares by delivery of the resale prospectus included in such registration statement.