The Utah Registration Rights Agreement is a legal contract between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement outlines the rights and obligations of both parties regarding the registration of these shares with the Securities and Exchange Commission (SEC) in Utah. One type of Registration Rights Agreement in Utah between Visible Genetics, Inc. and its common share purchasers is the Demand Registration. This provision allows the shareholders to require the company to register their shares with the SEC upon their request. The company is obligated to fulfil this demand within a specified timeframe and bear the associated expenses. Another type of agreement is the Piggyback Registration Rights provision. This allows the common shareholders to "piggyback" on any registration statement filed by Visible Genetics, Inc. for the sale of its securities to the public. This means that if the company decides to register its securities for public offering, the common shareholders have the right to include their shares in the registration. The Utah Registration Rights Agreement also outlines the mechanics of registration, including the preparation and filing of the registration statement, as well as any amendments or supplements needed. It may also specify the use of an underwriter or placement agent and the allocation of expenses between the company and the shareholders. The agreement may include restrictions or limitations on the ability of the shareholders to transfer their registered shares, such as lock-up periods or blackout periods. These restrictions aim to ensure orderly distribution of the shares and maintain market stability. In the event of any breaches or disagreements, the Utah Registration Rights Agreement may outline the dispute resolution mechanism, such as arbitration or a designated jurisdiction for legal proceedings. Overall, the Utah Registration Rights Agreement is an essential document that protects the rights of common shareholders in Visible Genetics, Inc. It ensures transparency and fair treatment when it comes to the registration of their shares with the SEC, providing them with options to demand registration or participate in future offerings.