Keywords: South Carolina, Registration Rights Agreement, purchase, convertible subordinated debentures In South Carolina, a Registration Rights Agreement is a legal document that governs the rights and obligations of the investor and the issuer of convertible subordinated debentures. It ensures that the investor has the ability to register and sell the debentures in the future, thus providing important protections and flexibility for the investor. The South Carolina Registration Rights Agreement outlines the process and requirements for registering the convertible subordinated debentures with regulatory authorities, such as the Securities and Exchange Commission (SEC). This agreement allows the investor to have the debentures registered for public sale, making them freely tradable in the securities market. There are different types of South Carolina Registration Rights Agreements when it comes to the purchase of convertible subordinated debentures. These types include Demand Registration Rights, Piggyback Registration Rights, and Form S-3 Registration Rights. 1. Demand Registration Rights: This type of Registration Rights Agreement allows the investor to request that the issuer registers the debentures for sale at any time. The investor can exercise this right when they believe it is in their best interest to sell the debentures publicly. 2. Piggyback Registration Rights: With this type of Registration Rights Agreement, the investor has the right to include their debentures in any registration statement filed by the issuer. If the issuer decides to register additional securities, the investor can "piggyback" on that registration, giving them the opportunity to sell their debentures along with the issuer's securities. 3. Form S-3 Registration Rights: This type of Registration Rights Agreement allows the investor to have their debentures registered using Form S-3, which is a simplified registration process available to certain issuers who meet specific eligibility criteria. This provision often provides faster and easier registration for the investor. In conclusion, a South Carolina Registration Rights Agreement plays a crucial role in providing investors with the ability to register and sell convertible subordinated debentures in the future. Depending on the investor's preferences and circumstances, there are different types of Registration Rights Agreements available — Demand Registration Rights, Piggyback Registration Rights, and Form S-3 Registration Rights. These variations offer flexibility and options to investors when it comes to registering and selling their debentures.