Hawaii 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 Hawaii Registration Rights Agreement is a legally binding contract that establishes the rights and obligations between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement is specifically designed to ensure compliance with Hawaii state laws and regulations regarding the registration of securities. Under the Hawaii Registration Rights Agreement, Visible Genetics, Inc. grants certain rights to the purchasers of its common shares, typically institutional investors or large shareholders. These rights primarily focus on the registration of these shares with the appropriate securities regulatory agencies in Hawaii. The agreement outlines specific procedures, timelines, and requirements for the registration process. One crucial aspect of the Hawaii Registration Rights Agreement is the provision granting the purchasers of common shares the ability to request registration of their shares with the Hawaiian securities regulatory agencies. Visible Genetics, Inc. agrees to use its best efforts to cooperate and facilitate the registration process, covering all necessary expenses associated with the registration filing, including legal and accounting fees. Furthermore, the agreement may distinguish between different types of purchasers or classes of common shares, such as preferred shareholders or investors with significant ownership stakes. These distinctions might result in separate registration provisions or additional rights and privileges for certain types of shareholders. The Hawaii Registration Rights Agreement also addresses certain limitations and restrictions on the purchasers' ability to request registration or sell their shares. For instance, it may include a minimum ownership threshold or a lock-up period during which shareholders are prohibited from selling their registered shares. In the event that Visible Genetics, Inc. fails to fulfill its obligations outlined in the agreement, the Hawaii Registration Rights Agreement may provide remedies for the purchasers of common shares. These remedies commonly include financial compensation, injunctive relief, or specific performance to enforce compliance. In conclusion, the Hawaii Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares plays a crucial role in ensuring transparency and compliance with Hawaii state securities laws. By establishing the rights and obligations of both parties, the agreement provides a framework for the registration of common shares and fosters a fair and equitable environment for all shareholders.

The Hawaii Registration Rights Agreement is a legally binding contract that establishes the rights and obligations between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement is specifically designed to ensure compliance with Hawaii state laws and regulations regarding the registration of securities. Under the Hawaii Registration Rights Agreement, Visible Genetics, Inc. grants certain rights to the purchasers of its common shares, typically institutional investors or large shareholders. These rights primarily focus on the registration of these shares with the appropriate securities regulatory agencies in Hawaii. The agreement outlines specific procedures, timelines, and requirements for the registration process. One crucial aspect of the Hawaii Registration Rights Agreement is the provision granting the purchasers of common shares the ability to request registration of their shares with the Hawaiian securities regulatory agencies. Visible Genetics, Inc. agrees to use its best efforts to cooperate and facilitate the registration process, covering all necessary expenses associated with the registration filing, including legal and accounting fees. Furthermore, the agreement may distinguish between different types of purchasers or classes of common shares, such as preferred shareholders or investors with significant ownership stakes. These distinctions might result in separate registration provisions or additional rights and privileges for certain types of shareholders. The Hawaii Registration Rights Agreement also addresses certain limitations and restrictions on the purchasers' ability to request registration or sell their shares. For instance, it may include a minimum ownership threshold or a lock-up period during which shareholders are prohibited from selling their registered shares. In the event that Visible Genetics, Inc. fails to fulfill its obligations outlined in the agreement, the Hawaii Registration Rights Agreement may provide remedies for the purchasers of common shares. These remedies commonly include financial compensation, injunctive relief, or specific performance to enforce compliance. In conclusion, the Hawaii Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares plays a crucial role in ensuring transparency and compliance with Hawaii state securities laws. By establishing the rights and obligations of both parties, the agreement provides a framework for the registration of common shares and fosters a fair and equitable environment for all shareholders.