Registration Rights Agreement between VIA Net.Works, Inc. and certain stockholders dated September 29, 1999. 12 pages.
Title: Puerto Rico Registration Rights Agreement: An In-Depth Overview Introduction: The Puerto Rico Registration Rights Agreement is a legally binding contract between VIA Net. Works, Inc. (hereinafter referred to as "the Company") and certain stockholders. This agreement grants participating stockholders the right to have their shares registered with the Securities and Exchange Commission (SEC) under applicable Puerto Rico securities laws. Keywords: Puerto Rico Registration Rights Agreement, VIA Net. Works, Inc., stockholders, SEC, securities laws. Overview: 1. Purpose: The primary objective of the Puerto Rico Registration Rights Agreement is to protect the rights of stockholders who wish to sell or transfer their shares in VIA Net. Works, Inc. while ensuring compliance with Puerto Rico securities regulations. 2. Parties Involved: a) VIA Net. Works, Inc.: A company based in Puerto Rico that is issuing the shares and obligated to register them as per the agreement. b) Stockholders: Individuals or entities that hold shares in VIA Net. Works, Inc. and are eligible to exercise their registration rights. 3. Types of Puerto Rico Registration Rights Agreements: a) Demand Registration Rights: Under this type of agreement, stockholders have the right to request the Company to register their shares with the SEC. The requesting stockholder specifies the number and the intended timing of the registration. The Company must comply with this demand, subject to certain limitations stated in the agreement. b) Piggyback Registration Rights: In a piggyback registration, stockholders have the opportunity to "piggyback" on a registration filed by the Company or other majority stockholders. This allows the stockholders to include their shares in the registration, potentially improving liquidity and enhancing the chances of a successful sale. c) Shelf Registration Rights: This type of agreement grants stockholders the right to request that their shares be included in an offering under a "shelf" registration statement. Shelf registration allows stockholders to register their shares in advance, enabling them to sell them over time, rather than immediately upon registration. 4. Registration Process: a) Submission of Request: Stockholders submit a written request to VIA Net. Works, Inc., specifying the number and timing of shares they intend to register. b) SEC Filing: Upon receipt of the request, the Company prepares and files the necessary registration statement with the SEC. c) Registration Approval: The SEC reviews the registration statement to ensure compliance with relevant securities laws and regulations. Once approved, the Company is permitted to publicly offer the registered shares for sale. d) Selling Shares: Stockholders can sell their registered shares in accordance with the rules and restrictions outlined in the agreement and applicable securities laws. Conclusion: The Puerto Rico Registration Rights Agreement, between VIA Net. Works, Inc. and certain stockholders, provides crucial protection and flexibility to shareholders. It allows for the registration of shares with the SEC, granting stockholders the ability to sell their shares under the applicable Puerto Rico securities laws. The agreement encompasses various types of registration rights, including demand, piggyback, and shelf registration rights, tailoring the process to suit the needs and preferences of stockholders.
Title: Puerto Rico Registration Rights Agreement: An In-Depth Overview Introduction: The Puerto Rico Registration Rights Agreement is a legally binding contract between VIA Net. Works, Inc. (hereinafter referred to as "the Company") and certain stockholders. This agreement grants participating stockholders the right to have their shares registered with the Securities and Exchange Commission (SEC) under applicable Puerto Rico securities laws. Keywords: Puerto Rico Registration Rights Agreement, VIA Net. Works, Inc., stockholders, SEC, securities laws. Overview: 1. Purpose: The primary objective of the Puerto Rico Registration Rights Agreement is to protect the rights of stockholders who wish to sell or transfer their shares in VIA Net. Works, Inc. while ensuring compliance with Puerto Rico securities regulations. 2. Parties Involved: a) VIA Net. Works, Inc.: A company based in Puerto Rico that is issuing the shares and obligated to register them as per the agreement. b) Stockholders: Individuals or entities that hold shares in VIA Net. Works, Inc. and are eligible to exercise their registration rights. 3. Types of Puerto Rico Registration Rights Agreements: a) Demand Registration Rights: Under this type of agreement, stockholders have the right to request the Company to register their shares with the SEC. The requesting stockholder specifies the number and the intended timing of the registration. The Company must comply with this demand, subject to certain limitations stated in the agreement. b) Piggyback Registration Rights: In a piggyback registration, stockholders have the opportunity to "piggyback" on a registration filed by the Company or other majority stockholders. This allows the stockholders to include their shares in the registration, potentially improving liquidity and enhancing the chances of a successful sale. c) Shelf Registration Rights: This type of agreement grants stockholders the right to request that their shares be included in an offering under a "shelf" registration statement. Shelf registration allows stockholders to register their shares in advance, enabling them to sell them over time, rather than immediately upon registration. 4. Registration Process: a) Submission of Request: Stockholders submit a written request to VIA Net. Works, Inc., specifying the number and timing of shares they intend to register. b) SEC Filing: Upon receipt of the request, the Company prepares and files the necessary registration statement with the SEC. c) Registration Approval: The SEC reviews the registration statement to ensure compliance with relevant securities laws and regulations. Once approved, the Company is permitted to publicly offer the registered shares for sale. d) Selling Shares: Stockholders can sell their registered shares in accordance with the rules and restrictions outlined in the agreement and applicable securities laws. Conclusion: The Puerto Rico Registration Rights Agreement, between VIA Net. Works, Inc. and certain stockholders, provides crucial protection and flexibility to shareholders. It allows for the registration of shares with the SEC, granting stockholders the ability to sell their shares under the applicable Puerto Rico securities laws. The agreement encompasses various types of registration rights, including demand, piggyback, and shelf registration rights, tailoring the process to suit the needs and preferences of stockholders.