A Wyoming Registration Rights Agreement is a legally binding contract between Visible Genetics, Inc. (hereinafter referred to as "the Company") and the purchasers of common shares of the company. This agreement outlines the rights and obligations of the parties involved regarding the registration of these common shares with the Securities and Exchange Commission (SEC) and compliance with state and federal securities laws. The primary purpose of the Wyoming Registration Rights Agreement is to provide certain privileges to the purchasers of common shares, ensuring that they have the opportunity to sell or transfer their shares at their discretion without undue restrictions. This agreement grants the purchasers the right to request the registration of their shares with the SEC, which allows them to freely sell or transfer their ownership interests to other parties. The agreement typically encompasses various provisions that cover different aspects of the registration process, including the timing and procedure for registration, expenses, indemnification, and the transferability of the registration rights. These provisions are designed to protect the interests of both the Company and the purchasers of common shares. There are several types of Wyoming Registration Rights Agreements that may exist between Visible Genetics, Inc. and the purchasers of common shares. Some of these variations include: 1. Demand Registration Rights: This type of agreement grants the purchasers the ability to request the Company to register their common shares with the SEC upon their demand. The agreement stipulates specific criteria under which this demand can be made, such as minimum number of shares or a waiting period after the initial public offering. 2. Piggyback Registration Rights: In this scenario, the purchasers have the right to include their common shares in any registration statements filed by the Company for its securities. This allows the purchasers to take advantage of the Company's efforts to register its own shares and offers them an opportunity to sell their shares alongside the Company's offering. 3. Shelf Registration Rights: This agreement permits the purchasers to have their common shares registered on a "shelf" registration statement filed by the Company. This type of registration statement enables the purchasers to sell their shares periodically at their discretion over a specified period of time without having to file individual registration requests for each sale. 4. S-3 Registration Rights: This type of agreement allows the purchasers, under specific conditions, to use the SEC's short-form registration statement, Form S-3, to register the resale of their common shares. S-3 registration provides more flexibility, reduced costs, and faster registration process compared to traditional registration methods. It is important to note that the specific terms and conditions of the Wyoming Registration Rights Agreement may vary depending on the negotiations between Visible Genetics, Inc. and the purchasers of common shares. The agreement should be thoroughly reviewed by both parties and potentially with legal counsel to ensure compliance with applicable laws and to protect the interests of all involved parties.