Maine 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. Maine Registration Rights Agreement is a legal document that outlines the rights and obligations of GEN International, Inc. and purchasers in relation to the sale of shares. This agreement is specific to the state of Maine and ensures that the purchasers have certain registration rights for the shares they acquire. The Maine Registration Rights Agreement between GEN International, Inc. and purchasers contains several important provisions. The agreement generally grants the purchasers the right to request that GEN International, Inc. files a registration statement with the Securities and Exchange Commission (SEC) for the resale of the shares they own. One type of this agreement is known as "Piggyback Registration Rights." This type entitles the purchasers to include their shares in a registration statement filed by GEN International, Inc. for an already planned public offering of its shares. The purchasers have the right to "piggyback" on GEN International, Inc.'s registration, allowing them to offer their shares to the public at the same time. This provision is particularly beneficial if the purchasers wish to sell their shares in conjunction with a larger offering. Another type is called "Demand Registration Rights," which grants purchasers the right to demand that GEN International, Inc. file a registration statement with the SEC for the sale of their shares. The purchasers can exercise this right when they wish to sell their shares and believe that a public market should be available for resale. In such a case, GEN International, Inc. is obliged to file the registration statement in a timely manner. The Maine Registration Rights Agreement also typically includes provisions related to the costs of the registration process. These provisions outline the responsibilities and allocation of fees, expenses, and legal costs associated with the registration statement. It may specify whether GEN International, Inc. or the purchasers will bear the expenses and to what extent. This agreement aims to protect the purchasers' investment in GEN International, Inc. by providing them with the necessary registration rights for their shares. It allows them to participate in public offerings or demand the registration of their shares to facilitate their resale. By establishing these rights and responsibilities, the Maine Registration Rights Agreement contributes to ensuring transparency and liquidity in the market for GEN International, Inc. shares.

Maine Registration Rights Agreement is a legal document that outlines the rights and obligations of GEN International, Inc. and purchasers in relation to the sale of shares. This agreement is specific to the state of Maine and ensures that the purchasers have certain registration rights for the shares they acquire. The Maine Registration Rights Agreement between GEN International, Inc. and purchasers contains several important provisions. The agreement generally grants the purchasers the right to request that GEN International, Inc. files a registration statement with the Securities and Exchange Commission (SEC) for the resale of the shares they own. One type of this agreement is known as "Piggyback Registration Rights." This type entitles the purchasers to include their shares in a registration statement filed by GEN International, Inc. for an already planned public offering of its shares. The purchasers have the right to "piggyback" on GEN International, Inc.'s registration, allowing them to offer their shares to the public at the same time. This provision is particularly beneficial if the purchasers wish to sell their shares in conjunction with a larger offering. Another type is called "Demand Registration Rights," which grants purchasers the right to demand that GEN International, Inc. file a registration statement with the SEC for the sale of their shares. The purchasers can exercise this right when they wish to sell their shares and believe that a public market should be available for resale. In such a case, GEN International, Inc. is obliged to file the registration statement in a timely manner. The Maine Registration Rights Agreement also typically includes provisions related to the costs of the registration process. These provisions outline the responsibilities and allocation of fees, expenses, and legal costs associated with the registration statement. It may specify whether GEN International, Inc. or the purchasers will bear the expenses and to what extent. This agreement aims to protect the purchasers' investment in GEN International, Inc. by providing them with the necessary registration rights for their shares. It allows them to participate in public offerings or demand the registration of their shares to facilitate their resale. By establishing these rights and responsibilities, the Maine Registration Rights Agreement contributes to ensuring transparency and liquidity in the market for GEN International, Inc. shares.