The Ohio 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 regarding the registration of securities. This agreement is crucial for investors as it not only protects their investment but also provides them with the opportunity to sell their shares in the future. Under the Ohio Registration Rights Agreement, Visible Genetics, Inc. grants certain registration rights to the purchasers of common shares. These rights ensure that the purchasers have the ability to register and sell their shares in compliance with applicable securities laws. The agreement specifies the procedures and conditions that both parties must adhere to when registering the shares. The primary type of Ohio Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares is the "Piggyback Registration Rights" provision. This provision allows the purchasers to include their shares in any registration statement filed by Visible Genetics, Inc. with the securities regulatory authorities. It provides the purchasers with the opportunity to piggyback on the company's registration statement and sell their shares alongside the company. Another type of Ohio Registration Rights Agreement is the "Demand Registration Rights" provision. This provision grants the purchasers the right to request Visible Genetics, Inc. to register their shares with the securities regulatory authorities. The purchasers can exercise this right if certain conditions specified in the agreement are met, such as a minimum threshold of shares to be registered or a waiting period after the initial public offering. Furthermore, the Ohio Registration Rights Agreement may also include "Form S-3 Registration Rights." This provision allows the purchasers to request Visible Genetics, Inc. to register their shares on Form S-3, a simplified registration form that is available to well-established companies. This provision provides greater flexibility to the purchasers when they want to sell their shares. It is important to note that the Ohio Registration Rights Agreement may include additional provisions, such as indemnification clauses, obligations to provide information, or restrictions on transferability of shares. These provisions ensure the protection of both Visible Genetics, Inc. and the purchasers' interests and promote transparency and compliance with securities regulations. Overall, the Ohio Registration Rights Agreement is a vital contract that establishes the rights of purchasers of common shares and ensures their ability to sell their shares in compliance with securities laws. Whether through piggyback registration, demand registration, or Form S-3 registration, this agreement provides flexibility and protection to both Visible Genetics, Inc. and its purchasers.