A Delaware Registration Rights Agreement is a legally binding contract between GEN International, Inc. and purchasers of its shares. This agreement outlines the parties' rights and obligations regarding the sale of shares in compliance with federal securities laws. The purpose of the Delaware Registration Rights Agreement is to provide certain protections and benefits to the purchasers, ensuring that their shares can be registered with the Securities and Exchange Commission (SEC) and made eligible for public trading. The agreement typically grants purchasers the right to demand registration of their shares or have them included in registration statements filed by GEN International, Inc. There are primarily three types of Delaware Registration Rights Agreements based on the rights and restrictions granted to the purchasers: 1. Piggyback Registration Rights Agreement: This type allows the purchaser to "piggyback" on the company's future registration statements. If GEN International files a registration statement for the public offering of its shares within a specified time period, the purchaser can request inclusion of their shares in that registration. 2. Demand Registration Rights Agreement: With this agreement, the purchaser has the right to initiate a request for registration of their shares. This demand can be made at any time after a predetermined "lock-up" period, which is typically a few months after the initial public offering (IPO) or another specified event. 3. Form S-3 Registration Rights Agreement: This type of agreement applies when GEN International qualifies to use Form S-3, a simplified registration statement, for future offerings. Purchasers are entitled to have their shares included in any Form S-3 registration statement filed by GEN International, subject to certain limitations and criteria defined in the agreement. Each type of Delaware Registration Rights Agreement is tailored to the specific needs and circumstances of GEN International and the purchasers involved. It ensures that all parties can navigate the complexities of securities laws and facilitates the liquidity and marketability of the purchasers' shares.