Common use of Registration or Exemption Clause in Contracts

Registration or Exemption. At all times the Warrants are exercisable, the Company will use its best efforts, although there can be no assurance that the Company will be able to do so, (a) to maintain an effective registration statement under the Securities Act of 1933, as amended (the "Act"), covering Common Stock issuable upon exercise of the Warrants, (b) to amend or supplement the prospectus contained in the registration statement to the extent necessary to comply with applicable law, (c) to qualify for exemption from the registration requirements of the Act the Common Stock issuable upon exercise of the Warrants, and (d) to maintain exemptions or qualifications in those jurisdictions in which the original registration statement relating to the Warrants was initially qualified. The Warrant Agent shall have no responsibility for the maintenance of the exemptions or qualifications or for liabilities arising from the exercise or attempted exercise of Warrants in jurisdictions where exemptions or qualifications have not been maintained or are otherwise unavailable.