Michigan 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. A Michigan Registration Rights Agreement is a legally binding agreement between GEN International, Inc. and purchasers of its shares that outlines the rights and obligations of both parties in regard to the sale of shares. This agreement ensures that the purchasers, commonly known as investors, have certain registration rights that allow them to register their shares for sale or transfer under the applicable securities laws of Michigan. The Michigan Registration Rights Agreement typically includes provisions related to the registration process, disclosure requirements, and the timing and method of registration. These provisions are designed to protect the interests of both the company and the purchasers, and to ensure compliance with the securities regulations in Michigan. There are different types of Michigan Registration Rights Agreements that can be entered into between GEN International, Inc. and purchasers. Some common types include: 1. Demand Registration Rights: This type of agreement allows purchasers to request the company to register their shares for sale or transfer. The company is obligated to comply with such requests within a specified timeframe. 2. Piggyback Registration Rights: With this type of agreement, purchasers have the right to "piggyback" on any registration statement filed by the company. This means that the purchasers can include their shares in the registration statement to be sold or transferred alongside the company's shares, without having to file a separate registration statement. 3. S-3 Registration Rights: This type of agreement grants the purchasers the right to have their shares registered on Form S-3, which is a simplified registration form used by companies that meet certain eligibility criteria. This type of registration provides faster and more efficient access to the public markets for the purchasers. 4. Shelf Registration Rights: A shelf registration allows purchasers to have their shares registered in advance for future sales or transfers. This enables the purchasers to have more flexibility in timing their sales or transfers, as the registered shares can be offered to the public over a period of time, as needed. 5. Lock-up Agreement: While not a registration right itself, a lock-up agreement is often included in a Michigan Registration Rights Agreement. It stipulates that the purchasers agree not to sell or transfer their shares for a specific period after an initial public offering or other significant transaction, to maintain market stability. Michigan Registration Rights Agreements are crucial in providing protection and flexibility to both GEN International, Inc. and its purchasers by establishing a clear framework for share sales and transfers. The specific type of agreement entered into depends on the preferences and requirements of the parties involved.

A Michigan Registration Rights Agreement is a legally binding agreement between GEN International, Inc. and purchasers of its shares that outlines the rights and obligations of both parties in regard to the sale of shares. This agreement ensures that the purchasers, commonly known as investors, have certain registration rights that allow them to register their shares for sale or transfer under the applicable securities laws of Michigan. The Michigan Registration Rights Agreement typically includes provisions related to the registration process, disclosure requirements, and the timing and method of registration. These provisions are designed to protect the interests of both the company and the purchasers, and to ensure compliance with the securities regulations in Michigan. There are different types of Michigan Registration Rights Agreements that can be entered into between GEN International, Inc. and purchasers. Some common types include: 1. Demand Registration Rights: This type of agreement allows purchasers to request the company to register their shares for sale or transfer. The company is obligated to comply with such requests within a specified timeframe. 2. Piggyback Registration Rights: With this type of agreement, purchasers have the right to "piggyback" on any registration statement filed by the company. This means that the purchasers can include their shares in the registration statement to be sold or transferred alongside the company's shares, without having to file a separate registration statement. 3. S-3 Registration Rights: This type of agreement grants the purchasers the right to have their shares registered on Form S-3, which is a simplified registration form used by companies that meet certain eligibility criteria. This type of registration provides faster and more efficient access to the public markets for the purchasers. 4. Shelf Registration Rights: A shelf registration allows purchasers to have their shares registered in advance for future sales or transfers. This enables the purchasers to have more flexibility in timing their sales or transfers, as the registered shares can be offered to the public over a period of time, as needed. 5. Lock-up Agreement: While not a registration right itself, a lock-up agreement is often included in a Michigan Registration Rights Agreement. It stipulates that the purchasers agree not to sell or transfer their shares for a specific period after an initial public offering or other significant transaction, to maintain market stability. Michigan Registration Rights Agreements are crucial in providing protection and flexibility to both GEN International, Inc. and its purchasers by establishing a clear framework for share sales and transfers. The specific type of agreement entered into depends on the preferences and requirements of the parties involved.