Illinois Registration Rights Agreement is a legally binding document executed between GEN International, Inc. (referred to as the "Company") and purchasers (referred to as the "Investors") who have purchased shares of the Company's stock. This agreement outlines the terms and conditions under which the Investors are entitled to register their purchased shares for sale or resale under the applicable securities laws of the state of Illinois. The purpose of the Illinois Registration Rights Agreement is to provide the Investors with certain rights and protections regarding the registration of their shares, ensuring that they can freely sell or transfer their securities in compliance with the securities regulations in the state. These rights are crucial for Investors as they provide a pathway to liquidity for their investments. Key provisions of the Illinois Registration Rights Agreement include: 1. Demand Registration Rights: This type of registration right allows the Investors to request the Company to register their shares for sale or resale. The Investors can trigger a demand registration if certain criteria specified in the agreement are met, such as a minimum number of shares requested to be registered and a waiting period since the Company's initial public offering (IPO). 2. Piggyback Registration Rights: Also known as "Incidental Registration Rights," this provision grants the Investors the opportunity to include their shares in any registration statement filed by the Company for an underwritten offering of its securities. The Investors have the right to participate and offer their shares for sale on the same terms and conditions as the Company and other selling shareholders. 3. Shelf Registration Rights: This type of registration right enables the Investors to have their shares included in a registration statement filed by the Company for a shelf offering. Shelf registration allows for the sale of securities over a period of time, providing flexibility and liquidity to the Investors. 4. Form S-3 Registration Rights: Form S-3 is a simplified registration statement used by established issuers to register securities offerings. This provision grants the Investors the right to request the Company to use a Form S-3 registration statement if it becomes eligible to use one. This registration method is more expedited and cost-effective compared to traditional registration methods. It is essential to note that the specific terms and conditions of the Illinois Registration Rights Agreement may vary based on negotiations between the Company and the Investors. These agreements are customarily governed by the laws of the state of Illinois and must comply with all applicable federal and state securities laws. In conclusion, the Illinois Registration Rights Agreement is a critical legal document that outlines the rights and obligations of the Company and the Investors regarding the registration and sale of shares. The agreement includes provisions for demand registration rights, piggyback registration rights, shelf registration rights, and Form S-3 registration rights. These provisions ensure that the Investors have the opportunity to register and sell their shares in compliance with the applicable securities regulations.