Common use of Registration or Qualification of Securities Clause in Contracts

Registration or Qualification of Securities. The Company may, but shall ------------------------------------------- not be required to, register, qualify, or perfect an exemption under the Act or any other applicable law for the grant of this Option or the issuance or sale of any Exercised Shares. The Company shall not be obligated to take any affirmative action in order to cause the grant or exercise of this Option or the issuance or sale of any Exercised Shares pursuant hereto to comply with any law or to be listed or qualified on any stock exchange.

Registration or Qualification of Securities. The Company may, but ------------------------------------------- shall ------------------------------------------- not be required to, register, qualify, or perfect an exemption under the Act or any other applicable law for the grant of this Option or the issuance or sale of any Exercised Shares. The Company shall not be obligated to take any affirmative action in order to cause the grant or exercise of this Option or the issuance or sale of any Exercised Shares pursuant hereto to comply with any law or to be listed or qualified on any stock exchange.