A West Virginia Registration Rights Agreement pertains to the understanding between Visible Genetics, Inc. and the purchasers of its common shares, outlining the rights and obligations regarding the registration of the securities with the regulatory authorities in the state of West Virginia. This agreement is essential for investors looking to obtain certain privileges and protections when it comes to the sale and transfer of their securities. One type of West Virginia Registration Rights Agreement that may exist between Visible Genetics, Inc. and its common share purchasers could be the Demand Registration Rights Agreement. Under this agreement, the shareholders have the right to request that the company registers their securities with the appropriate regulatory bodies upon their request. This allows shareholders to freely sell or transfer their securities, providing liquidity and flexibility to their investment. Another type of West Virginia Registration Rights Agreement could be the Piggyback Registration Rights Agreement. In this scenario, if Visible Genetics, Inc. decides to register any of its securities for public sale, the agreement allows the common share purchasers to include their own securities in the registration. This ensures that the shareholders have the opportunity to participate in any potential public offering, maximizing their chances of obtaining a fair market price for their investment. Furthermore, the West Virginia Registration Rights Agreement may also include provisions for S-3 registration rights if Visible Genetics, Inc. becomes eligible to use Form S-3 (a simplified registration form) for its securities in the future. This type of registration rights agreement allows the common share purchasers to request registration on Form S-3 instead of the usual more burdensome registration process, which generally offers accelerated and cost-effective registration procedures. Overall, the West Virginia Registration Rights Agreement between Visible Genetics, Inc. and its common share purchasers creates a legally binding framework that ensures transparency, flexibility, and marketability of the company's securities. The agreement aims to protect the interests of the shareholders and promote a fair and efficient marketplace for trading Visible Genetics, Inc.'s common shares in compliance with regulatory requirements in the state of West Virginia.