Montana 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 Montana Registration Rights Agreement is a legally binding agreement between Visible Genetics, Inc. (the "Company") and the purchasers of common shares of the company. This agreement outlines the terms and conditions governing the registration rights of the purchasers, ensuring that they have the ability to register their shares for public sale or resale under applicable securities laws. The Montana Registration Rights Agreement grants the purchasers of common shares specific rights related to the registration of their holdings. These rights typically include the demand registration right and the piggyback registration right. 1. Demand Registration Right: This type of registration right allows the purchasers to request that the Company register their common shares for public sale. The purchasers can exercise this right when they wish to sell their shares but lack an effective registration statement. By demanding registration, they ensure that the Company takes action to register the shares and make them eligible for public trading. 2. Piggyback Registration Right: The piggyback registration right allows the purchasers to include their common shares in a registration statement that the Company files for its own primary or secondary offering. If the Company plans to register additional securities for sale, the purchasers have the right to include their shares in the registration, enabling them to sell their shares alongside the Company. In a Montana Registration Rights Agreement, the Company usually agrees to bear the expenses related to the registration, such as legal and accounting fees. Moreover, the agreement may also include a provision specifying a specific timeframe within which the registration statement should be filed after the purchaser's request. It is important to note that the rights granted under the Montana Registration Rights Agreement may differ based on the specific terms negotiated between the Company and the purchasers. The agreement ensures transparency, facilitates liquidity for the purchasers, and provides necessary safeguards to protect their interests. In conclusion, a Montana Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares outlines the registration rights of the purchasers, including the demand registration right and the piggyback registration right. These rights enable the purchasers to register and sell their shares publicly, ensuring liquidity and flexibility in their investment.

A Montana Registration Rights Agreement is a legally binding agreement between Visible Genetics, Inc. (the "Company") and the purchasers of common shares of the company. This agreement outlines the terms and conditions governing the registration rights of the purchasers, ensuring that they have the ability to register their shares for public sale or resale under applicable securities laws. The Montana Registration Rights Agreement grants the purchasers of common shares specific rights related to the registration of their holdings. These rights typically include the demand registration right and the piggyback registration right. 1. Demand Registration Right: This type of registration right allows the purchasers to request that the Company register their common shares for public sale. The purchasers can exercise this right when they wish to sell their shares but lack an effective registration statement. By demanding registration, they ensure that the Company takes action to register the shares and make them eligible for public trading. 2. Piggyback Registration Right: The piggyback registration right allows the purchasers to include their common shares in a registration statement that the Company files for its own primary or secondary offering. If the Company plans to register additional securities for sale, the purchasers have the right to include their shares in the registration, enabling them to sell their shares alongside the Company. In a Montana Registration Rights Agreement, the Company usually agrees to bear the expenses related to the registration, such as legal and accounting fees. Moreover, the agreement may also include a provision specifying a specific timeframe within which the registration statement should be filed after the purchaser's request. It is important to note that the rights granted under the Montana Registration Rights Agreement may differ based on the specific terms negotiated between the Company and the purchasers. The agreement ensures transparency, facilitates liquidity for the purchasers, and provides necessary safeguards to protect their interests. In conclusion, a Montana Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares outlines the registration rights of the purchasers, including the demand registration right and the piggyback registration right. These rights enable the purchasers to register and sell their shares publicly, ensuring liquidity and flexibility in their investment.