Registration Rights Agreement between IGEN International, Inc. and purchasers regarding sale of shares dated January 11, 2000. 23 pages.
Title: Virginia Registration Rights Agreement: Understanding the Agreement Types between GEN International, Inc. and Purchasers for Sale of Shares Keywords: Virginia Registration Rights Agreement, GEN International, Inc., purchasers, sale of shares Introduction: In the realm of corporate finance, a Virginia Registration Rights Agreement serves as a pivotal document establishing the rights and obligations of GEN International, Inc. as the issuer of shares and the purchasers involved in the sale. This detailed description aims to elucidate the essence of the registration rights agreement, shedding light on its significance, terms, and possible variations in different scenarios. 1. Virginia Registration Rights Agreement: The Virginia Registration Rights Agreement is a legal contract that sets forth the terms and conditions governing the registration of securities issued by GEN International, Inc. as per the Virginia Securities Act. This agreement outlines the rights and obligations of both the company and the purchasers regarding the registration of shares for public sale. 2. Types of Virginia Registration Rights Agreement: a. Initial Public Offering (IPO) Registration Rights Agreement: In cases where GEN International, Inc. plans to conduct an IPO, an IPO Registration Rights Agreement outlines the purchasers' rights to include their shares in the company's initial public offering. This agreement ensures that purchasers have the option to register and subsequently sell their shares during the IPO process. b. Demand Registration Rights Agreement: A Demand Registration Rights Agreement empowers the purchasers to request GEN International, Inc. to register their shares for sale upon meeting certain criteria. These criteria might include a minimum number or percentage of shares to be registered, a specific period for the request, or the fulfillment of any prerequisites agreed upon in the initial contract. c. Piggyback Registration Rights Agreement: Under a Piggyback Registration Rights Agreement, purchasers have the right to include their shares in any registration statement filed by GEN International, Inc. As the company files for a public offering or a registered secondary offering, purchasers can "piggyback" on those filings, ensuring their shares are included without needing a separate registration process. d. Shelf Registration Rights Agreement: A Shelf Registration Rights Agreement allows purchasers to request GEN International, Inc. to maintain an up-to-date shelf registration statement, enabling them to sell their shares on short notice. This agreement allows purchasers to access the public markets swiftly, eliminating delays associated with the need for additional registration filings. Conclusion: In the context of the sale of shares by GEN International, Inc., the Virginia Registration Rights Agreement plays a crucial role in safeguarding the interests of both the company and the purchasers. By understanding the different types of Virginia Registration Rights Agreements, including the IPO, Demand, Piggyback, and Shelf registration agreements, both parties can navigate the sale of shares effectively, ensuring compliance with relevant securities laws and regulations.
Title: Virginia Registration Rights Agreement: Understanding the Agreement Types between GEN International, Inc. and Purchasers for Sale of Shares Keywords: Virginia Registration Rights Agreement, GEN International, Inc., purchasers, sale of shares Introduction: In the realm of corporate finance, a Virginia Registration Rights Agreement serves as a pivotal document establishing the rights and obligations of GEN International, Inc. as the issuer of shares and the purchasers involved in the sale. This detailed description aims to elucidate the essence of the registration rights agreement, shedding light on its significance, terms, and possible variations in different scenarios. 1. Virginia Registration Rights Agreement: The Virginia Registration Rights Agreement is a legal contract that sets forth the terms and conditions governing the registration of securities issued by GEN International, Inc. as per the Virginia Securities Act. This agreement outlines the rights and obligations of both the company and the purchasers regarding the registration of shares for public sale. 2. Types of Virginia Registration Rights Agreement: a. Initial Public Offering (IPO) Registration Rights Agreement: In cases where GEN International, Inc. plans to conduct an IPO, an IPO Registration Rights Agreement outlines the purchasers' rights to include their shares in the company's initial public offering. This agreement ensures that purchasers have the option to register and subsequently sell their shares during the IPO process. b. Demand Registration Rights Agreement: A Demand Registration Rights Agreement empowers the purchasers to request GEN International, Inc. to register their shares for sale upon meeting certain criteria. These criteria might include a minimum number or percentage of shares to be registered, a specific period for the request, or the fulfillment of any prerequisites agreed upon in the initial contract. c. Piggyback Registration Rights Agreement: Under a Piggyback Registration Rights Agreement, purchasers have the right to include their shares in any registration statement filed by GEN International, Inc. As the company files for a public offering or a registered secondary offering, purchasers can "piggyback" on those filings, ensuring their shares are included without needing a separate registration process. d. Shelf Registration Rights Agreement: A Shelf Registration Rights Agreement allows purchasers to request GEN International, Inc. to maintain an up-to-date shelf registration statement, enabling them to sell their shares on short notice. This agreement allows purchasers to access the public markets swiftly, eliminating delays associated with the need for additional registration filings. Conclusion: In the context of the sale of shares by GEN International, Inc., the Virginia Registration Rights Agreement plays a crucial role in safeguarding the interests of both the company and the purchasers. By understanding the different types of Virginia Registration Rights Agreements, including the IPO, Demand, Piggyback, and Shelf registration agreements, both parties can navigate the sale of shares effectively, ensuring compliance with relevant securities laws and regulations.