The Texas Registration Rights Agreement is a legally binding contract between GEN International, Inc. (referred to as the "Company") and purchasers (referred to as the "Buyers") who have acquired shares of the Company through a sale or purchase agreement. This agreement outlines the rights and obligations of both parties regarding the registration of these shares with the appropriate regulatory authorities in Texas. Under the Texas Registration Rights Agreement, the Company agrees to undertake all necessary actions to register the shares purchased by the Buyers with the Texas Securities Commission or any other applicable regulatory authority. This process ensures that the Buyers' investment in the Company is protected and allows them to freely trade or sell their shares in compliance with state laws. The agreement typically grants the Buyers certain registration rights, which can be categorized as follows: 1. Demand Registration Rights: This type of registration right allows the Buyers to request the Company to initiate a registration statement with the regulatory authorities for the resale of their shares. The Buyers can exercise this right at any time to facilitate the sale or transfer of their shares, subject to certain conditions as agreed upon in the agreement. 2. Piggyback Registration Rights: Piggyback registration rights enable the Buyers to include their shares in a registration statement initiated by the Company, either for the Company's own offerings or for other shareholders. This right allows the Buyers to effectively "piggyback" on the registration process initiated by the Company, ensuring their shares can be traded in an orderly and compliant manner. 3. Shelf Registration Rights: Shelf registration rights provide the Buyers with the ability to have their shares included in a shelf registration statement maintained by the Company. This ensures that the Buyers' shares are continuously registered and ready for sale or transfer at any time without the need for further registration efforts. The Texas Registration Rights Agreement often includes other provisions related to the registration process, such as indemnification clauses to protect the Buyers from any potential litigation or losses, as well as restrictions on the transferability of the shares during the registration process. Overall, the Texas Registration Rights Agreement is a crucial legal document that governs the registration process of shares acquired by Buyers in GEN International, Inc. It aims to protect the Buyers' investment and provide them with the necessary rights and mechanisms to freely trade or sell their shares in compliance with Texas state laws and regulations.
Txr 2402
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How to fill out Texas Registration Rights Agreement Between IGEN International, Inc. And Purchasers Regarding Sale Of Shares?
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What Is Registration Right? A registration right is a right entitling an investor who owns restricted stock to require that a company list the shares publicly so that the investor can sell them. Registration rights, if exercised, can force a privately-held company to become a publicly-traded company.
Demand registration rights enable the stockholder to require the issuer to register all or a portion of its shares. Piggyback registration rights allow a stockholder to include shares in a registration being effected by the issuer either for its own account or for the benefit of other selling stockholders.
Demand registration rights, where an investor can force a company to file a registration statement to register the holder's securities so the investor can sell them in the public market without restriction.
3 registration gives investors the right to demand that a company registers their shares using Form 3. Form 3 is a shorter registration form than Form 1, which is used in an initial stock launch or IPO. Form 3 can be used by a company one year after an IPO.
What Is Registration Right? A registration right is a right entitling an investor who owns restricted stock to require that a company list the shares publicly so that the investor can sell them. Registration rights, if exercised, can force a privately-held company to become a publicly-traded company.
With demand registration rights, investors have a right to force a company to register shares with the SEC. Once registered, the shareholders can then sell their shares to outside investors and exit the company.