A Michigan Registration Rights Agreement is a legal document that outlines the rights and obligations of Chief Consolidated Mining Company and Dimpling regarding the registration of securities in the State of Michigan. It is an important agreement that governs the process of registering securities with the regulatory authorities and ensures compliance with the applicable laws and regulations. This agreement ensures that Chief Consolidated Mining Company and Dimpling have the right to request the registration of their securities with the Michigan Securities Commission. The purpose of registration is to provide transparency and disclosure to potential investors, allowing them to make informed decisions about investing in these securities. The Michigan Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling sets out various terms and conditions, such as the timing and method of registration, the expenses related to registration, and the indemnification obligations of both parties. It also covers any potential restrictions or limitations on the registration rights, such as blackout periods or limitations on the number of securities that can be registered at any given time. It is important to note that there might be different types of Michigan Registration Rights Agreements between Chief Consolidated Mining Company and Dimpling, which could include: 1. Standard Registration Rights Agreement: This agreement typically grants Dimpling the right to request the registration of their securities with the Michigan Securities Commission after a specified period. It also outlines the obligations of Chief Consolidated Mining Company regarding the registration process. 2. Piggyback Registration Rights Agreement: In a piggyback registration rights agreement, Chief Consolidated Mining Company grants Dimpling the right to include their securities in any registration statement filed by Chief Consolidated Mining Company. This allows Dimpling to take advantage of Chief Consolidated Mining Company's registration process and benefits from the potential investor interest generated by their primary offering. 3. Demand Registration Rights Agreement: A demand registration rights agreement allows Dimpling to request Chief Consolidated Mining Company to register their securities with the Michigan Securities Commission at any time. The agreement usually outlines the specific procedures and requirements for Dimpling to exercise this right. 4. S-3 Shelf Registration Rights Agreement: This type of agreement may grant Dimpling the right to use the S-3 shelf registration statement, which allows for easier and more streamlined registration process for certain eligible securities. It provides greater flexibility for Dimpling to quickly access the capital markets when needed. In conclusion, a Michigan Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling is a crucial legal document that ensures compliance with the registration requirements of the Michigan Securities Commission. The agreement outlines the rights and obligations of both parties regarding the registration of securities, and there may be different types of agreements depending on the specific circumstances and needs of the parties involved.