Florida Registration Rights Agreement between IGEN International, Inc. and purchasers regarding sale of shares

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9343
• Format: Word; Rich Text

Description

Registration Rights Agreement between IGEN International, Inc. and purchasers regarding sale of shares dated January 11, 2000. 23 pages. A Florida Registration Rights Agreement is a legal document that outlines the terms and conditions for the registration of shares being sold by purchasers in GEN International, Inc. It is an important agreement that provides certain rights and protections to both GEN and the purchasers involved in the sale of shares. The Florida Registration Rights Agreement between GEN International, Inc. and purchasers includes various clauses and provisions to ensure compliance with state regulations and protect the interests of all parties involved. Here are some important aspects covered in the agreement: 1. Registration Requirement: This section outlines the obligation of GEN to register the shares being sold by the purchasers with the appropriate regulatory authorities in the state of Florida. It defines the number of shares to be registered and the timeline within which the registration should occur. 2. Filing and Registration Expenses: This clause specifies the responsibility for bearing the costs associated with the filing and registration process. It may outline how such expenses are to be divided between GEN and the purchasers. 3. Demand Registration: In the case where the purchasers wish to sell their shares and deem it necessary to register them, this provision grants them the right to request GEN to register their shares. The agreement may stipulate the conditions under which such a demand can be made. 4. Piggyback Registration: This provision grants the purchasers the right to include their shares in any registration statement filed by GEN for its own shares. It allows the purchasers to "piggyback" on the registration process initiated by GEN. 5. Lock-Up Agreement: In certain instances, the agreement may include a lock-up period during which the purchasers are prohibited from selling or transferring their shares. This provision protects GEN from sudden and substantial fluctuations in its stock price due to mass selling by purchasers. 6. Indemnification: The agreement typically includes an indemnification clause that ensures GEN will compensate the purchasers for any losses, damages, or liabilities incurred as a result of any misrepresentation or breach of obligations by GEN. Different types or variations of Florida Registration Rights Agreements between GEN International, Inc. and purchasers regarding the sale of shares may exist based on the specific terms and conditions negotiated between the parties. Some agreements may include additional provisions related to corporate governance, voting rights, or the allocation of profits and dividends. It is important to note that the specific contents and terms of the Florida Registration Rights Agreement can vary depending on the unique circumstances and requirements of the transaction. Therefore, it is advised to consult a legal professional for guidance when drafting or reviewing such agreements.

A Florida Registration Rights Agreement is a legal document that outlines the terms and conditions for the registration of shares being sold by purchasers in GEN International, Inc. It is an important agreement that provides certain rights and protections to both GEN and the purchasers involved in the sale of shares. The Florida Registration Rights Agreement between GEN International, Inc. and purchasers includes various clauses and provisions to ensure compliance with state regulations and protect the interests of all parties involved. Here are some important aspects covered in the agreement: 1. Registration Requirement: This section outlines the obligation of GEN to register the shares being sold by the purchasers with the appropriate regulatory authorities in the state of Florida. It defines the number of shares to be registered and the timeline within which the registration should occur. 2. Filing and Registration Expenses: This clause specifies the responsibility for bearing the costs associated with the filing and registration process. It may outline how such expenses are to be divided between GEN and the purchasers. 3. Demand Registration: In the case where the purchasers wish to sell their shares and deem it necessary to register them, this provision grants them the right to request GEN to register their shares. The agreement may stipulate the conditions under which such a demand can be made. 4. Piggyback Registration: This provision grants the purchasers the right to include their shares in any registration statement filed by GEN for its own shares. It allows the purchasers to "piggyback" on the registration process initiated by GEN. 5. Lock-Up Agreement: In certain instances, the agreement may include a lock-up period during which the purchasers are prohibited from selling or transferring their shares. This provision protects GEN from sudden and substantial fluctuations in its stock price due to mass selling by purchasers. 6. Indemnification: The agreement typically includes an indemnification clause that ensures GEN will compensate the purchasers for any losses, damages, or liabilities incurred as a result of any misrepresentation or breach of obligations by GEN. Different types or variations of Florida Registration Rights Agreements between GEN International, Inc. and purchasers regarding the sale of shares may exist based on the specific terms and conditions negotiated between the parties. Some agreements may include additional provisions related to corporate governance, voting rights, or the allocation of profits and dividends. It is important to note that the specific contents and terms of the Florida Registration Rights Agreement can vary depending on the unique circumstances and requirements of the transaction. Therefore, it is advised to consult a legal professional for guidance when drafting or reviewing such agreements.