The Colorado Registration Rights Agreement is a legally binding document between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement outlines the rights and obligations of both parties with regard to the registration of the common shares under the applicable securities laws in the state of Colorado. Under this agreement, Visible Genetics, Inc. grants certain rights to the purchasers of its common shares to register these shares for sale or resale in accordance with the applicable securities regulations in Colorado. These registration rights are intended to provide the purchasers with liquidity and flexibility in the trading of their shares. The agreement typically includes provisions such as the timing and method of registration, the expenses associated with the registration process, and the information and materials required from Visible Genetics, Inc. to facilitate the registration. It also outlines the restrictions and limitations on the purchasers' ability to transfer or sell their shares outside the registered offering. There are different types of Colorado Registration Rights Agreements that may exist between Visible Genetics, Inc. and its common share purchasers, based on the specific terms negotiated between the parties. These agreements may include demand rights, piggyback rights, and shelf registration rights, among others. Demand rights grant the purchasers the right to require Visible Genetics, Inc. to register their common shares if certain conditions are met, such as a specified period of time passing since the initial public offering or the achievement of certain financial milestones. Piggyback rights allow the purchasers to include their common shares in a registration statement filed by Visible Genetics, Inc. for its own shares or for certain other shareholders' shares. This enables the purchasers to benefit from the registration process without having to initiate it themselves. Shelf registration rights give the purchasers the ability to have their common shares registered under a shelf registration statement, which allows for the resale of securities in a more streamlined manner. Overall, the Colorado Registration Rights Agreement serves as a crucial component of Visible Genetics, Inc.'s relationship with its common share purchasers, providing a framework for the registration of common shares and offering valuable rights and protections to the purchasers.