A Pennsylvania Registration Rights Agreement, also known as a "PA Registration Rights Agreement," is a legally binding document that outlines the rights and obligations of certain stockholders of VIA Net. Works, Inc. regarding the registration of their shares with appropriate regulatory bodies. This agreement ensures that such stockholders have the right to request registration of their shares under federal and state securities laws. It establishes a framework for ensuring the registration process is carried out in a fair and transparent manner. This agreement provides security and protection for stockholders, enabling them to freely trade their shares in the public markets. There are various types of Pennsylvania Registration Rights Agreements that can be customized based on the specific needs of VIA Net. Works, Inc. and its stockholders. These may include: 1. Demand Registration Rights: This type of agreement outlines the stockholders' right to demand the registration of their shares with the Securities and Exchange Commission (SEC). The stockholders can initiate the registration process, thereby ensuring liquidity and marketability of their shares. 2. Piggyback Registration Rights: This agreement includes provisions that allow stockholders to "piggyback" on the registration statements of VIA Net. Works, Inc. or other major stockholders. In case VIA Net. Works, Inc. plans to undertake a public offering, these stockholders have the right to register their own shares for sale alongside the company's offering. 3. Form S-3 Registration Rights: Pennsylvania Registration Rights Agreements may also include specific provisions related to Form S-3 registrations. If VIA Net. Works, Inc. is eligible to use Form S-3 for registration purposes, certain stockholders may be entitled to request inclusion of their shares on the registration statement, subject to certain conditions. 4. Lock-up Agreements: In some cases, Pennsylvania Registration Rights Agreements may incorporate lock-up provisions that restrict stockholders from selling their shares for a certain period after an initial public offering (IPO) or other specified events. This helps maintain price stability and protects the interests of all parties involved. Overall, a Pennsylvania Registration Rights Agreement is a vital document that clarifies the rights, responsibilities, and procedures related to the registration of shares held by certain stockholders of VIA Net. Works, Inc. It ensures compliance with securities laws and facilitates the efficient trading of shares in the public markets.