Maine Registration Rights Agreement is a legal document that outlines the rights of registration between Chief Consolidated Mining Company and Dimpling. It is an important agreement that governs the ability of Dimpling to register any securities it owns with the Securities and Exchange Commission (SEC) and sell or transfer them to the public. The Maine Registration Rights Agreement sets forth the terms and conditions under which Chief Consolidated Mining Company grants Dimpling the right to demand and/or participate in the registration of its shares. It ensures that Dimpling has the ability to sell its securities and access the public market when desired. This agreement usually contains several key provisions, including: 1. Demand Registration Rights: This provision entitles Dimpling to request that Chief Consolidated Mining Company register its securities on the SEC's behalf. Dimpling may exercise this right within a specified timeframe, and Chief Consolidated Mining Company is obligated to comply with the demand, subject to certain limitations. 2. Piggyback Registration Rights: These rights allow Dimpling to include its securities in any registration statement filed by Chief Consolidated Mining Company to publicly offer its own securities. This provision ensures that Dimpling has the opportunity to sell its securities alongside Chief Consolidated Mining Company. 3. S-3 Registration Rights: If Chief Consolidated Mining Company becomes eligible to utilize Form S-3 (a simplified registration form for well-established, seasoned issuers) or any similar short-form registration statement, Dimpling is entitled to the same benefits. This provision enables Dimpling to take advantage of more streamlined and cost-effective registration procedures. 4. Registration Expenses: The agreement typically outlines the allocation of registration expenses between Chief Consolidated Mining Company and Dimpling. It specifies which party is responsible for payment of legal fees, filing fees, and other costs associated with the registration process. Different types of Maine Registration Rights Agreement may exist depending on the specific terms and conditions negotiated between Chief Consolidated Mining Company and Dimpling. Some variations may include adjustments to the number of shares subject to registration, the duration of registration rights, specific deadlines for exercising rights, and any lock-up period requirements. In conclusion, the Maine Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling is a legally binding document that defines Dimpling's rights to register its securities, sell them to the public, and participate in Chief Consolidated Mining Company's registration statements. It is crucial for both parties to ensure understanding and compliance with the agreement to facilitate smooth and efficient public offerings.