Montana Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling A Montana Registration Rights Agreement is a legal document that outlines the rights and obligations in relation to the registration of securities issued by Chief Consolidated Mining Company ("Chief Consolidated") and Dimpling ("Dimpling"). This agreement ensures transparency and compliance with applicable laws and regulations in the state of Montana. The primary purpose of a Montana Registration Rights Agreement is to provide Dimpling, as an investor in Chief Consolidated, with certain privileges and protections when it comes to the registration of securities. This agreement allows Dimpling to request the registration of their securities under the Securities Act, subject to certain terms and conditions. The agreement entails various provisions, including the following: 1. Demand Registration Rights: Dimpling holds the right to request Chief Consolidated to register their securities on Form S-3 or any other applicable registration statement according to the Securities Act. The agreement specifies the quantity of securities that can be requested for registration and the conditions under which such a request can be made. 2. Piggyback Registration Rights: Dimpling also possesses "piggyback" registration rights. This means that if Chief Consolidated registers any of their securities for public sale, Dimpling has the right to include their securities in the registration statement, subject to specified terms and conditions. This allows Dimpling to participate in any public offering and potentially sell their securities along with Chief Consolidated. 3. Registration Expenses: The agreement outlines the responsibility for bearing the expenses associated with the registration process. It typically states that Chief Consolidated is responsible for paying all registration expenses, including legal and accounting fees, while Dimpling may be required to cover any underwriting fees related to the sale of their securities. 4. Indemnification: Chief Consolidated provides certain indemnification rights to Dimpling in case there are any losses, claims, or damages arising from the inaccurate information contained in the registration statement, or any violation of securities laws. This provision ensures that Dimpling is protected and compensated for any losses resulting from the registration process. 5. Limitations and Conditions: The agreement may contain restrictions on the total number of securities that can be registered, limiting the number or value of securities that can be included in a registration statement. Furthermore, there may be conditions that allow Chief Consolidated to postpone or withdraw a registration statement under certain circumstances. It is important to note that there may be different types or versions of the Montana Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling, based on the specific negotiation and terms agreed upon by both parties. These variations can include specific terms related to the time frame for exercising registration rights, the inclusion of anti-dilution provisions, or any other mutually agreed-upon modifications. In conclusion, a Montana Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling serves to establish the rights and obligations of both parties concerning the registration of securities. This agreement provides Dimpling with certain rights to demand or piggyback registration, while Chief Consolidated ensures compliance with legal requirements and indemnifies Dimpling against any potential losses or claims.