The Bronx, located in New York City, is one of the five boroughs of the city and holds significant historical, cultural, and economic importance. It is home to a diverse population and offers a vibrant mix of neighborhoods, institutions, and attractions. In the context of the Registration Rights Agreement (ERA) between Visible Genetics, Inc. and the purchasers of common shares of the company, a comprehensive understanding of this legal document is crucial. A ERA is a contractual agreement that grants certain rights to shareholders or investors concerning the registration of their securities with regulatory bodies. In this case, it pertains specifically to Visible Genetics, Inc. and its common stock. The Bronx New York Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares outlines the terms and conditions associated with the purchasers' rights and obligations in registering their shares with regulatory authorities such as the U.S. Securities and Exchange Commission (SEC). It aims to guarantee that the company will facilitate the registration process efficiently while protecting the interests of the shareholders. Two common types of Eras that might be relevant to Visible Genetics, Inc. and its purchasers of common shares are "Demand Registration Rights" and "Piggyback Registration Rights": 1. Demand Registration Rights: This provision allows the shareholder to request the company to file a registration statement with the SEC for the sale of their shares. The company must comply with this demand within a specified timeframe. 2. Piggyback Registration Rights: This provision enables the shareholder to include their shares in the registration statement filed by the company for other primary shares. Thus, if Visible Genetics, Inc. decides to register additional shares for public offering, the purchasers with piggyback registration rights can "tag along" and sell their shares to the public as part of the offering. The Bronx New York Registration Rights Agreement reflects the commitment of Visible Genetics, Inc. to facilitate the registration process in compliance with applicable laws and regulations. Simultaneously, it ensures that the purchasers of common shares have a fair opportunity to liquidate their investment by taking advantage of the registration benefits. In conclusion, the Bronx New York Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares demonstrates the significance of safeguarding shareholders' interests and preserving transparency in the process of registration with regulatory authorities. By understanding the various types of registration rights, such as demand and piggyback rights, the involved parties can navigate the complex landscape of securities regulations effectively.