Nevada Registration Rights Agreement between IGEN International, Inc. and purchasers regarding sale of shares

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9343
• Format: Word; Rich Text

Description

Registration Rights Agreement between IGEN International, Inc. and purchasers regarding sale of shares dated January 11, 2000. 23 pages. The Nevada Registration Rights Agreement is a legally binding contract that governs the sale of shares between GEN International, Inc. and purchasers. It ensures that purchasers have the right to compel GEN International, Inc. to register the shares with the Securities and Exchange Commission (SEC) based in Nevada, thereby providing the purchasers with certain legal protections and privileges. Under this agreement, purchasers are granted specific registration rights, allowing them to request the registration of their shares in order to sell or trade them in the public market. This agreement safeguards the purchasers' interests by ensuring that they have the opportunity to exit their investment by offering their shares to potential buyers on the open market. There are different types of Nevada Registration Rights Agreements that can be established between GEN International, Inc. and purchasers, based on various factors and specific circumstances. Some key types of these agreements may include: 1. Demand Registration Rights: This type of agreement provides purchasers with the right to request GEN International, Inc. to register their shares at any time. The company is obligated to comply with these demands within a specified period, typically ranging from 30 to 90 days. 2. Piggyback Registration Rights: With piggyback registration rights, purchasers have the privilege to include their shares in any registration statement filed by GEN International, Inc. In other words, if the company decides to register its securities for public offering or other reasons, the purchasers can "piggyback" on that registration by adding their shares to the process. 3. Shelf Registration Rights: In some cases, purchasers may negotiate for shelf registration rights. This allows them to have their shares registered in advance, though the actual sale or trading of the shares may be delayed until a later date. Shelf registration enables the purchasers to be well-prepared for potential market opportunities or changes in the economic landscape. It is important to note that the specific terms and conditions of the Nevada Registration Rights Agreement will be mutually agreed upon by both GEN International, Inc. and the purchasers. These agreements aim to establish a transparent and legally protected framework that ensures fair and equitable treatment for both parties involved in the sale of shares.

The Nevada Registration Rights Agreement is a legally binding contract that governs the sale of shares between GEN International, Inc. and purchasers. It ensures that purchasers have the right to compel GEN International, Inc. to register the shares with the Securities and Exchange Commission (SEC) based in Nevada, thereby providing the purchasers with certain legal protections and privileges. Under this agreement, purchasers are granted specific registration rights, allowing them to request the registration of their shares in order to sell or trade them in the public market. This agreement safeguards the purchasers' interests by ensuring that they have the opportunity to exit their investment by offering their shares to potential buyers on the open market. There are different types of Nevada Registration Rights Agreements that can be established between GEN International, Inc. and purchasers, based on various factors and specific circumstances. Some key types of these agreements may include: 1. Demand Registration Rights: This type of agreement provides purchasers with the right to request GEN International, Inc. to register their shares at any time. The company is obligated to comply with these demands within a specified period, typically ranging from 30 to 90 days. 2. Piggyback Registration Rights: With piggyback registration rights, purchasers have the privilege to include their shares in any registration statement filed by GEN International, Inc. In other words, if the company decides to register its securities for public offering or other reasons, the purchasers can "piggyback" on that registration by adding their shares to the process. 3. Shelf Registration Rights: In some cases, purchasers may negotiate for shelf registration rights. This allows them to have their shares registered in advance, though the actual sale or trading of the shares may be delayed until a later date. Shelf registration enables the purchasers to be well-prepared for potential market opportunities or changes in the economic landscape. It is important to note that the specific terms and conditions of the Nevada Registration Rights Agreement will be mutually agreed upon by both GEN International, Inc. and the purchasers. These agreements aim to establish a transparent and legally protected framework that ensures fair and equitable treatment for both parties involved in the sale of shares.