North Dakota 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. The North Dakota Registration Rights Agreement is a legal document that outlines the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company in regard to the registration of these shares with the relevant regulatory authorities. This agreement is essential for providing transparency and facilitating the sale of securities to potential investors. Under this agreement, Visible Genetics, Inc. agrees to register the common shares purchased by the investors with the North Dakota regulatory authority, ensuring compliance with state securities laws. The registration process includes filing the necessary paperwork, disclosures, and financial statements to provide adequate information to investors and regulators. The purchasers of common shares are granted certain rights as part of this agreement. These rights typically include demand registration rights, piggyback registration rights, and shelf registration rights. 1. Demand Registration Rights: Visible Genetics, Inc. may grant the purchasers of common shares the right to request the registration of their shares with the regulatory authorities. This provision allows investors to require the company to file a registration statement on their behalf, facilitating the sale or transfer of their shares in a timely manner. 2. Piggyback Registration Rights: Purchasers of common shares may have the right to include their shares in any registration statement filed by Visible Genetics, Inc. These piggyback registration rights enable investors to sell their shares alongside the company's registration, eliminating the need to go through a separate registration process. 3. Shelf Registration Rights: In certain cases, Visible Genetics, Inc. may offer the purchasers of common shares the option to register their shares for sale at a later date. This is known as shelf registration and allows investors to delay the actual registration until they deem it necessary. It provides flexibility to the shareholders regarding when they want to sell their shares on the open market. The North Dakota Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares ensures fair and transparent procedures for the registration and sale of securities. By offering different types of registration rights, the agreement protects the interests of both the company and the investors, allowing for a more efficient and streamlined process.

The North Dakota Registration Rights Agreement is a legal document that outlines the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company in regard to the registration of these shares with the relevant regulatory authorities. This agreement is essential for providing transparency and facilitating the sale of securities to potential investors. Under this agreement, Visible Genetics, Inc. agrees to register the common shares purchased by the investors with the North Dakota regulatory authority, ensuring compliance with state securities laws. The registration process includes filing the necessary paperwork, disclosures, and financial statements to provide adequate information to investors and regulators. The purchasers of common shares are granted certain rights as part of this agreement. These rights typically include demand registration rights, piggyback registration rights, and shelf registration rights. 1. Demand Registration Rights: Visible Genetics, Inc. may grant the purchasers of common shares the right to request the registration of their shares with the regulatory authorities. This provision allows investors to require the company to file a registration statement on their behalf, facilitating the sale or transfer of their shares in a timely manner. 2. Piggyback Registration Rights: Purchasers of common shares may have the right to include their shares in any registration statement filed by Visible Genetics, Inc. These piggyback registration rights enable investors to sell their shares alongside the company's registration, eliminating the need to go through a separate registration process. 3. Shelf Registration Rights: In certain cases, Visible Genetics, Inc. may offer the purchasers of common shares the option to register their shares for sale at a later date. This is known as shelf registration and allows investors to delay the actual registration until they deem it necessary. It provides flexibility to the shareholders regarding when they want to sell their shares on the open market. The North Dakota Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares ensures fair and transparent procedures for the registration and sale of securities. By offering different types of registration rights, the agreement protects the interests of both the company and the investors, allowing for a more efficient and streamlined process.