Wayne Michigan Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling: The Wayne Michigan Registration Rights Agreement is a legally binding document that outlines the rights and obligations of Chief Consolidated Mining Company and Dimpling, both parties involved in a specific business transaction. This agreement pertains to the registration of securities offered or sold by Chief Consolidated Mining Company to Dimpling, ensuring compliance with applicable securities laws and regulations in Wayne, Michigan. The purpose of the Wayne Michigan Registration Rights Agreement is to provide Dimpling with certain registration rights to the securities it has acquired from Chief Consolidated Mining Company. These registration rights enable Dimpling to effectively register and sell the securities, should it choose to do so, or to protect its investment by staying informed about the financial condition and prospects of Chief Consolidated Mining Company. Key provisions within the Wayne Michigan Registration Rights Agreement include: 1. Registration Procedures: The agreement lays out the specific procedures for registering the securities, such as the filing requirements with relevant regulatory authorities and timelines for submitting necessary documentation. 2. Demand Registration Rights: This provision grants Dimpling the right to request Chief Consolidated Mining Company to file a registration statement with respect to the securities it holds, at any time after a specified waiting period. The waiting period ensures Chief Consolidated Mining Company has established a sufficient market presence and financial standing. 3. Piggyback Registration Rights: With piggyback rights, Dimpling has the option to include its securities in any registration statement filed by Chief Consolidated Mining Company with the Securities and Exchange Commission (SEC) at any time, subject to certain limitations. This allows Dimpling to participate in any future offerings of Chief Consolidated Mining Company's securities and potentially increase liquidity. 4. Expenses and Indemnification: The agreement details the allocation of expenses related to the registration process, such as filing fees, legal fees, and printing costs. Chief Consolidated Mining Company is responsible for the majority of these expenses. Additionally, Chief Consolidated Mining Company agrees to indemnify Dimpling against any losses or liabilities arising from the registration, excluding losses caused by Dimpling's own actions or omissions. It's worth noting that there may be different types or variations of the Wayne Michigan Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling, depending on the specific terms negotiated by the parties involved. These variations can differ based on factors like the type of securities being registered, the duration of registration rights, and any additional rights or restrictions tailored to the specific needs of Chief Consolidated Mining Company and Dimpling.
Wayne Michigan Registration Rights Agreement between Chief Consolidated Mining Company and Dimeling
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