Ohio Registration Rights Agreement is a legally binding contract between Chief Consolidated Mining Company and Dimpling that outlines the rights and obligations associated with registering securities in the state of Ohio. This agreement allows corporate entities to register their securities with Ohio authorities, ensuring compliance with state laws and regulations. The Ohio Registration Rights Agreement establishes the agreement's effective date, parties involved, and the detailed terms and conditions governing the registration process. It outlines the procedures for registering securities with the appropriate Ohio regulatory authorities, such as the Ohio Division of Securities. The agreement also addresses the different types of registration applicable to Chief Consolidated Mining Company and Dimpling. These types can include: 1. Demand Registration Rights: This type grants Dimpling the right to request Chief Consolidated Mining Company to register specific securities. Dimpling may exercise this right when it deems it necessary to sell these securities on the open market. 2. Piggyback Registration Rights: This provision gives Dimpling the opportunity to include its securities in Chief Consolidated Mining Company's registration statement. If Chief Consolidated Mining Company intends to register its securities for public offering, Dimpling can "piggyback" on this registration, allowing them to benefit from the same administrative process. 3. Shelf Registration Rights: Shelf registration allows Chief Consolidated Mining Company to register securities without an immediate intent to sell. This gives the company flexibility in timing the offering, subject to certain restrictions. Dimpling may also benefit from this type of registration, as mentioned in the agreement. The Ohio Registration Rights Agreement typically addresses various aspects, including the registration expenses borne by each party, indemnification clauses to protect both parties against potential liabilities, the duration of the agreement, and any restrictions on transferring the registered securities. By entering into an Ohio Registration Rights Agreement, Chief Consolidated Mining Company and Dimpling ensure compliance with Ohio state securities laws and regulations, allowing for smoother and legally compliant transactions involving securities in Ohio.
Ohio Registration Rights Agreement between Chief Consolidated Mining Company and Dimeling
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