Common use of Post Closing Registration Clause in Contracts

Post Closing Registration. IQB is currently preparing form SB-2 for filling with the Securities and Exchange Commission. The Common Stock and the common stock issuable pursuant to the Warrant shall be included for registration in such filing. While acting in a commercially reasonable fashion, IQB shall promptly after the Closing, file such form for registration and use its commercially reasonable efforts to effect such registration (including, without limitation, filing post-effective amendments, appropriate qualifications under applicable blue sky or other state securities laws, and appropriate compliance with the Securities Act), of the Shares. The term "registration" shall refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act and applicable rules and regulations thereunder with the Securities and Exchange Commission, and the declaration or ordering of the effectiveness of such registration statement.