The Mississippi Registration Rights Agreement is a legal contract 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 Mississippi Secretary of State. Under this agreement, Visible Genetics, Inc. grants the purchasers of common shares the right to request the registration of these shares with the Secretary of State in Mississippi. The agreement specifies the procedures and timelines for submitting such registration requests. It also outlines Visible Genetics, Inc.'s obligations to undertake all necessary actions to facilitate this registration process. The agreement further states that Visible Genetics, Inc. will bear the expenses associated with the registration, including legal and accounting fees, filing fees, and any other necessary expenses. However, if the registration request is withdrawn by the purchaser, they may be responsible for covering a proportionate share of these expenses. The Mississippi Registration Rights Agreement also includes provisions related to piggyback registration rights. This means that if Visible Genetics, Inc. decides to register any of its own securities with the Secretary of State, the purchasers of common shares will have the right to include their shares in the registration. However, this is subject to certain conditions and limitations as specified in the agreement. Additionally, the agreement may also include provisions related to demand registration rights. This grants the purchasers the right to require Visible Genetics, Inc. to initiate the registration of their shares if certain conditions are met. These conditions could include a minimum number of shares to be registered or a minimum amount of capital raised through the offering. It is important to note that the specific terms and conditions of the Mississippi Registration Rights Agreement may vary depending on the individual agreement negotiated between Visible Genetics, Inc. and the purchasers of common shares. It is recommended that any interested parties consult with legal professionals to understand the specifics of their agreement.
Mississippi Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company
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How to fill out Mississippi Registration Rights Agreement Between Visible Genetics, Inc. And The Purchasers Of Common Shares Of The Company?
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