A Louisiana Registration Rights Agreement is a legal document that outlines the rights and responsibilities of Visible Genetics, Inc. and the purchasers of common shares of the company in regard to the registration of these shares under state securities laws. This agreement ensures that the purchasers have the right to request the registration of their common shares with the state of Louisiana. The primary purpose of the agreement is to protect the interests of the purchasers by enabling them to sell or transfer their shares freely and easily when desired. By having their shares registered with the state, the purchasers can comply with state securities laws and regulations, and avail themselves of the benefits and opportunities that come with being a registered shareholder. There may be different types of Louisiana Registration Rights Agreements between Visible Genetics, Inc. and the purchasers of common shares, depending on various factors such as the number of shares, the purchase price, and the rights and privileges associated with the shares. Some common variations or types include: 1. Standard Registration Rights Agreement: This is the most common type where Visible Genetics, Inc. agrees to register the common shares of the purchasers under Louisiana securities laws. 2. Demand Registration Rights Agreement: In this type, the purchasers have the right to request Visible Genetics, Inc. to register their shares on demand. This provision allows the purchasers to control the timing of the registration process. 3. Piggyback Registration Rights Agreement: A piggyback registration allows the purchasers to include their shares in a registration statement filed by Visible Genetics, Inc. for other reasons, such as an initial public offering or a secondary offering. This ensures that the purchasers have the opportunity to sell or transfer their shares when the company goes public or offers additional shares. 4. S-3 Registration Rights Agreement: This type is specific to eligible purchasers who meet certain qualifications to use Form S-3, a simplified registration form under the Securities Act of 1933. It provides more flexibility and expedited registration for eligible shareholders. These agreements typically outline the procedures and obligations for registration, including the filing of necessary forms and disclosures, cooperation between Visible Genetics, Inc. and the purchasers, indemnification provisions, and the allocation of expenses related to the registration process. In summary, the Louisiana Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares ensures compliance with state securities laws and provides the purchasers with the necessary rights to register and sell their shares. Different variations of the agreement may exist depending on the specific circumstances and preferences of the parties involved.