Common use of Registration Terms Clause in Contracts

Registration Terms. The Company shall be required to keep a registration statement on Form S-1 effective until such date that is the earlier of date when all of the shares underlying the Warrant have been publicly sold by the Holder or such time as Rule 144 or another similar exemption under the Securities Act of 1933, as amended, is available for the sale of all of such Holder’s shares underlying the Warrant without limitation during a three-month period without registration.