A New Jersey Registration Rights Agreement is a legal document that outlines the rights and obligations of GEN International, Inc. (the "Company") and its purchasers in relation to the sale of shares. It is an essential agreement that ensures transparency and compliance with securities laws in New Jersey. The agreement is applicable to various types of purchasers, including individual investors, institutional investors, and strategic partners, who acquire shares of the Company. The agreement exists to protect the purchasers' interests by granting them specific rights related to the registration of their shares with the Securities and Exchange Commission (SEC). The key objective of the New Jersey Registration Rights Agreement is to enable purchasers to register their shares for public sale in compliance with applicable securities regulations. It helps to create a fair and orderly market for the shares, allowing the purchasers to sell their shares without undue restrictions and limitations. There are different types of New Jersey Registration Rights Agreements that can be established between GEN International, Inc. and its purchasers, depending on the terms agreed upon. These agreements may include: 1. Demand Registration Rights: This type of agreement grants the purchasers the right to request the Company to register their shares with the SEC. The purchasers can initiate the registration process when certain conditions specified in the agreement are met, such as a minimum number of shares to be registered or a certain period of time after the initial offering. 2. Piggyback Registration Rights: Under this agreement, the purchasers have the right to include their shares in the registration statement filed by the Company for the sale of its securities. This allows the purchasers to "piggyback" on the Company's registration efforts, ensuring their shares are also registered and made available for sale to the public. 3. Shelf Registration Rights: This type of agreement grants the purchasers the right to have their shares included in a shelf registration statement filed by the Company. Shelf registrations allow the purchasers to offer their shares on an ongoing basis, providing flexibility and convenience for future sales. 4. Form S-3 Registration Rights: In certain cases, the agreement may specifically refer to the use of Form S-3 for registration purposes. Form S-3 is a streamlined registration statement used by well-established companies that meet specific eligibility criteria. This agreement provides purchasers with the right to utilize this efficient registration process. The New Jersey Registration Rights Agreement typically contains various provisions, including the responsibilities and obligations of both parties, deadlines for filing registration statements, indemnification clauses, and other important terms to ensure compliance with securities laws and protect the interests of the purchasers. In conclusion, the New Jersey Registration Rights Agreement is a crucial document that outlines the rights and responsibilities of GEN International, Inc. and its purchasers regarding the sale of shares. It ensures transparency, compliance, and fair market practices, thus safeguarding the interests of both parties involved in the transaction.