Allegheny Pennsylvania Registration Rights Agreement is a legal agreement between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement outlines the rights and obligations regarding the registration and sale of these shares. It ensures that the purchasers have the ability to register their shares with the Securities and Exchange Commission (SEC) and sell them in compliance with all relevant laws and regulations. The purpose of this agreement is to protect the rights of the purchasers by enabling them to freely trade their shares in the future. It offers a mechanism for the registration of shares so that they can be made available for public sale. This agreement is crucial for investors as it provides assurance that their investments can be easily liquidated when desired. Under the Allegheny Pennsylvania Registration Rights Agreement, Visible Genetics, Inc. is obliged to file the necessary registration statements and comply with all SEC rules and regulations regarding the registration and sale of the common shares. This includes timely filing of necessary documents, responding to SEC inquiries, and providing all relevant information about the company's financials, operations, and other material events. Additionally, the agreement may outline certain conditions and restrictions regarding the registration and sale of shares. For example, it may specify a minimum holding period before the shares can be registered or sold. This provision is often included to prevent short-term speculative trading that may negatively impact the market price of the company's shares. The Allegheny Pennsylvania Registration Rights Agreement may also include provisions regarding piggyback registration rights. Piggyback registration allows the purchasers to include their shares in any registration statement filed by Visible Genetics, Inc. This provision can be advantageous for the purchasers as it enables them to take advantage of any future public offerings or registrations made by the company, without incurring additional costs. In conclusion, the Allegheny Pennsylvania Registration Rights Agreement is an important legal document that protects the rights of purchasers of common shares in Visible Genetics, Inc. It ensures their ability to register and sell shares in compliance with securities laws, thereby safeguarding their investments.