Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company (investors) regarding sale of shares dated December 14, 1999. 13 pages.
A Bexar Texas Registration Rights Agreement is a legal contract that outlines the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company regarding the registration of these shares with the securities regulatory authorities in Bexar County, Texas. This agreement helps facilitate the efficient and timely registration of the common shares, enabling the purchasers to freely trade their shares in compliance with applicable securities laws. This registration rights agreement ensures that Visible Genetics, Inc. will undertake specific actions to register the common shares and make necessary filings with the relevant authorities. These actions may include preparing and filing prospectuses, SEC forms, and other documents required for effective registration. The agreement may include various types of registration rights, such as demand registration rights, piggyback registration rights, and Form S-3 registration rights. 1. Demand Registration Rights: This type of registration right grants the purchasers the power to request Visible Genetics, Inc. to register their common shares. The company is then obliged to use reasonable efforts to fulfill this demand within a specified timeframe. 2. Piggyback Registration Rights: In this scenario, if Visible Genetics, Inc. decides to conduct a registration of its equity securities for public offering purposes, the purchasers have the right (but not the obligation) to include their common shares in that registration so that they can be offered to the public along with the company's securities. 3. Form S-3 Registration Rights: If Visible Genetics, Inc. becomes eligible to use Form S-3 for the registration of its securities, the purchasers may have the right to request that their common shares be included in such registration, subject to certain conditions and requirements. The Bexar Texas Registration Rights Agreement protects the rights of the purchasers by ensuring a smooth and transparent process for registering their common shares, allowing them to benefit from the liquidity and marketability of their investment. It also provides Visible Genetics, Inc. with guidelines on how to fulfill its obligations and avoid any potential disputes or legal complications. Keywords: Bexar Texas, Visible Genetics, Inc., registration rights agreement, common shares, securities regulatory authorities, securities laws, prospectuses, SEC forms, demand registration rights, piggyback registration rights, Form S-3 registration rights, public offering, equity securities, registration process, liquidity, marketability, legal contract.
A Bexar Texas Registration Rights Agreement is a legal contract that outlines the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company regarding the registration of these shares with the securities regulatory authorities in Bexar County, Texas. This agreement helps facilitate the efficient and timely registration of the common shares, enabling the purchasers to freely trade their shares in compliance with applicable securities laws. This registration rights agreement ensures that Visible Genetics, Inc. will undertake specific actions to register the common shares and make necessary filings with the relevant authorities. These actions may include preparing and filing prospectuses, SEC forms, and other documents required for effective registration. The agreement may include various types of registration rights, such as demand registration rights, piggyback registration rights, and Form S-3 registration rights. 1. Demand Registration Rights: This type of registration right grants the purchasers the power to request Visible Genetics, Inc. to register their common shares. The company is then obliged to use reasonable efforts to fulfill this demand within a specified timeframe. 2. Piggyback Registration Rights: In this scenario, if Visible Genetics, Inc. decides to conduct a registration of its equity securities for public offering purposes, the purchasers have the right (but not the obligation) to include their common shares in that registration so that they can be offered to the public along with the company's securities. 3. Form S-3 Registration Rights: If Visible Genetics, Inc. becomes eligible to use Form S-3 for the registration of its securities, the purchasers may have the right to request that their common shares be included in such registration, subject to certain conditions and requirements. The Bexar Texas Registration Rights Agreement protects the rights of the purchasers by ensuring a smooth and transparent process for registering their common shares, allowing them to benefit from the liquidity and marketability of their investment. It also provides Visible Genetics, Inc. with guidelines on how to fulfill its obligations and avoid any potential disputes or legal complications. Keywords: Bexar Texas, Visible Genetics, Inc., registration rights agreement, common shares, securities regulatory authorities, securities laws, prospectuses, SEC forms, demand registration rights, piggyback registration rights, Form S-3 registration rights, public offering, equity securities, registration process, liquidity, marketability, legal contract.