Common use of Registration Statement on Form S-1 Clause in Contracts

Registration Statement on Form S-1. The Company will, on or before ---------------------------------- January 15, 1998, amend the Form S-1 to include the Registrable Securities, to the extent permitted by law. To the extent the Registrable Securities are included in the Form S-1, they will not be included in the registration statement filed in accordance with the Registration Rights Agreement. Should all of the Registrable Securities be included in the Form S-1, then (notwithstanding anything herein or in the Registration Rights Agreement to the contrary) the Company shall not be required to file a registration statement as contemplated in the Registration Rights Agreement. The Form S-1 shall be kept current and effective until the earlier of the following: (x) the date on which all of the Registrable Securities are registered with the SEC, or (y) the date which is two (2) years from the date the Form S-1 is declared effective by the SEC. During the period of time in which the Form S-1 is effective, the Company shall amend the Form S-1 from time to time as necessary to include any Registrable Securities which were not previously registered pursuant to the Form S-1.