Missouri Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9209
• Format: Word; Rich Text

Description

Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company (investors) regarding sale of shares dated December 14, 1999. 13 pages. A Missouri Registration Rights Agreement is a legal document between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement outlines the rights and obligations of both parties regarding the registration of these shares with the appropriate regulatory authorities in Missouri. Keywords: Missouri, Registration Rights Agreement, Visible Genetics, Inc., purchasers, common shares, rights, obligations, regulatory authorities. The purpose of this agreement is to provide the purchasers of Visible Genetics, Inc.'s common shares with certain rights and protections related to the registration and sale of their shares. It ensures proper compliance with the applicable securities laws and regulations in the state of Missouri. Under this agreement, Visible Genetics, Inc. agrees to undertake all necessary actions to register the common shares purchased by the investors with the Missouri regulatory authorities. This includes preparing and filing all required registration statements, prospectuses, and any related documents as per the applicable laws. The agreement may also include provisions for indemnification, where Visible Genetics, Inc. agrees to indemnify the purchasers for any losses, damages, or liabilities incurred due to any false or misleading statements in the registration documents provided by the company. This indemnification clause protects the purchasers from any financial harm resulting from the registration process. There can be different types of Missouri Registration Rights Agreements between Visible Genetics, Inc. and the purchasers of common shares, depending on the specific terms negotiated between the parties. These may include: 1. Piggyback Rights: This type of agreement allows the purchasers to "piggyback" on any future registration statements filed by Visible Genetics, Inc. for the sale of its securities. By exercising their piggyback rights, the purchasers can include their shares in the registration statement and sell them alongside the company's shares. 2. Demand Registration Rights: With this type of agreement, the purchasers have the right to request that Visible Genetics, Inc. initiate the registration process and file a registration statement on their behalf. This right is typically subject to certain conditions and limitations outlined in the agreement. 3. Shelf Registration Rights: In certain cases, Visible Genetics, Inc. may grant the purchasers the right to have their shares included in a shelf registration statement. This allows the purchasers to sell their shares in the open market in a more flexible and expedited manner, without having to wait for a specific registration process for their shares. It is important for both Visible Genetics, Inc. and the purchasers to carefully review and negotiate the terms of the Missouri Registration Rights Agreement to ensure that their rights and obligations are clearly defined and protected. Seeking legal counsel is advised to ensure compliance with relevant laws and regulations and to customize the agreement based on the specific needs and goals of the parties involved.

A Missouri Registration Rights Agreement is a legal document between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement outlines the rights and obligations of both parties regarding the registration of these shares with the appropriate regulatory authorities in Missouri. Keywords: Missouri, Registration Rights Agreement, Visible Genetics, Inc., purchasers, common shares, rights, obligations, regulatory authorities. The purpose of this agreement is to provide the purchasers of Visible Genetics, Inc.'s common shares with certain rights and protections related to the registration and sale of their shares. It ensures proper compliance with the applicable securities laws and regulations in the state of Missouri. Under this agreement, Visible Genetics, Inc. agrees to undertake all necessary actions to register the common shares purchased by the investors with the Missouri regulatory authorities. This includes preparing and filing all required registration statements, prospectuses, and any related documents as per the applicable laws. The agreement may also include provisions for indemnification, where Visible Genetics, Inc. agrees to indemnify the purchasers for any losses, damages, or liabilities incurred due to any false or misleading statements in the registration documents provided by the company. This indemnification clause protects the purchasers from any financial harm resulting from the registration process. There can be different types of Missouri Registration Rights Agreements between Visible Genetics, Inc. and the purchasers of common shares, depending on the specific terms negotiated between the parties. These may include: 1. Piggyback Rights: This type of agreement allows the purchasers to "piggyback" on any future registration statements filed by Visible Genetics, Inc. for the sale of its securities. By exercising their piggyback rights, the purchasers can include their shares in the registration statement and sell them alongside the company's shares. 2. Demand Registration Rights: With this type of agreement, the purchasers have the right to request that Visible Genetics, Inc. initiate the registration process and file a registration statement on their behalf. This right is typically subject to certain conditions and limitations outlined in the agreement. 3. Shelf Registration Rights: In certain cases, Visible Genetics, Inc. may grant the purchasers the right to have their shares included in a shelf registration statement. This allows the purchasers to sell their shares in the open market in a more flexible and expedited manner, without having to wait for a specific registration process for their shares. It is important for both Visible Genetics, Inc. and the purchasers to carefully review and negotiate the terms of the Missouri Registration Rights Agreement to ensure that their rights and obligations are clearly defined and protected. Seeking legal counsel is advised to ensure compliance with relevant laws and regulations and to customize the agreement based on the specific needs and goals of the parties involved.