Arizona Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9209
• Format: Word; Rich Text

Description

Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company (investors) regarding sale of shares dated December 14, 1999. 13 pages. The Arizona Registration Rights Agreement is a legally binding document that outlines the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company regarding the registration of these shares with the appropriate securities regulatory authority in the state of Arizona. This agreement ensures transparency and fairness in the trading of Visible Genetics, Inc. common shares. The purpose of the Arizona Registration Rights Agreement is to provide protection and flexibility to the purchasers of common shares in connection with the registration process. It grants the shareholders certain rights and privileges that enable them to register their shares, request the company to register the shares on their behalf, and secure the necessary approvals from regulatory authorities for the trading of these shares in Arizona. Key elements of the Arizona Registration Rights Agreement may include: 1. Piggyback Rights: This provision grants the purchasers the right to include their shares in any registration statement filed by Visible Genetics, Inc. with the Arizona securities regulatory authority. 2. Demand Rights: The agreement may specify that the purchasers have the right to request Visible Genetics, Inc. to file a registration statement under certain circumstances, such as when the total number of shares being registered is below a specific threshold. 3. Registration Expenses: The agreement outlines the parties responsible for bearing the costs associated with registering the shares, including legal and accounting fees, printing expenses, filing fees, and other related costs. 4. Withdrawal Rights: The agreement may grant the purchasers the right to withdraw their request for registration or their inclusion in a registration statement, subject to certain conditions. 5. Lock-Up Period: In some cases, the agreement may impose a lock-up period during which the purchasers are restricted from selling their registered shares in the market. Different types of Arizona Registration Rights Agreements can exist based on the specific terms negotiated between Visible Genetics, Inc. and the purchasers of common shares. These agreements can be tailored to individual circumstances, taking into account factors such as the number of shares being registered, the timeframes for registration, and the overall market conditions. In summary, the Arizona Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares serves as a crucial legal framework for ensuring the fair and transparent registration of shares in Arizona. It allows the purchasers to exercise their rights and protects their interests while complying with applicable securities laws and regulations.

The Arizona Registration Rights Agreement is a legally binding document that outlines the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company regarding the registration of these shares with the appropriate securities regulatory authority in the state of Arizona. This agreement ensures transparency and fairness in the trading of Visible Genetics, Inc. common shares. The purpose of the Arizona Registration Rights Agreement is to provide protection and flexibility to the purchasers of common shares in connection with the registration process. It grants the shareholders certain rights and privileges that enable them to register their shares, request the company to register the shares on their behalf, and secure the necessary approvals from regulatory authorities for the trading of these shares in Arizona. Key elements of the Arizona Registration Rights Agreement may include: 1. Piggyback Rights: This provision grants the purchasers the right to include their shares in any registration statement filed by Visible Genetics, Inc. with the Arizona securities regulatory authority. 2. Demand Rights: The agreement may specify that the purchasers have the right to request Visible Genetics, Inc. to file a registration statement under certain circumstances, such as when the total number of shares being registered is below a specific threshold. 3. Registration Expenses: The agreement outlines the parties responsible for bearing the costs associated with registering the shares, including legal and accounting fees, printing expenses, filing fees, and other related costs. 4. Withdrawal Rights: The agreement may grant the purchasers the right to withdraw their request for registration or their inclusion in a registration statement, subject to certain conditions. 5. Lock-Up Period: In some cases, the agreement may impose a lock-up period during which the purchasers are restricted from selling their registered shares in the market. Different types of Arizona Registration Rights Agreements can exist based on the specific terms negotiated between Visible Genetics, Inc. and the purchasers of common shares. These agreements can be tailored to individual circumstances, taking into account factors such as the number of shares being registered, the timeframes for registration, and the overall market conditions. In summary, the Arizona Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares serves as a crucial legal framework for ensuring the fair and transparent registration of shares in Arizona. It allows the purchasers to exercise their rights and protects their interests while complying with applicable securities laws and regulations.