Phoenix Arizona Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• City: Phoenix
• Control #: US-EG-9209
• Format: Word; Rich Text

Description

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. The Phoenix Arizona Registration Rights Agreement is a legally binding contract between Visible Genetics, Inc. and the purchasers of the company's common shares. This agreement grants specific rights to the purchasers regarding the registration of their shares with the Securities and Exchange Commission (SEC) or other regulatory bodies. In this agreement, Visible Genetics, Inc. agrees to take certain measures necessary to register the shares purchased by these individuals. The purpose of registration is to ensure transparency and compliance with relevant securities laws, allowing the purchasers to freely trade or transfer their shares. The agreement specifies the various types of registration rights available to the purchasers, which may include: 1. Demand Registration Rights: This type of registration right grants the purchasers the ability to request Visible Genetics, Inc. to register their shares for public sale, subject to certain conditions and limitations. The purchasers can initiate this process when they deem it appropriate, typically after a specified period of time has passed since the initial purchase. 2. Piggyback Registration Rights: With piggyback registration rights, the purchasers have the opportunity to include their shares in a registration statement filed by Visible Genetics, Inc. for other purposes, such as an initial public offering (IPO) or a secondary offering. This allows the purchasers to sell their shares alongside the company, maximizing liquidity and marketability. 3. Shelf Registration Rights: This type of registration right enables the purchasers to have their shares registered on a registration statement that will be filed by Visible Genetics, Inc. in advance. Shelf registration provides flexibility to the purchasers, as they can sell their shares at their own discretion, without having to wait for the company to initiate a registration process. 4. Form S-3 Registration Rights: Form S-3 is a simplified registration form that allows eligible companies to register securities for public offering or resale. The agreement may include specific language granting the purchasers the benefit of registering their shares on Form S-3, making the registration process faster and more efficient. The Phoenix Arizona Registration Rights Agreement is an essential component of Visible Genetics, Inc.'s relationship with its common shareholders. It ensures that purchasers have the necessary protection and rights to freely trade their shares in compliance with applicable securities laws.

The Phoenix Arizona Registration Rights Agreement is a legally binding contract between Visible Genetics, Inc. and the purchasers of the company's common shares. This agreement grants specific rights to the purchasers regarding the registration of their shares with the Securities and Exchange Commission (SEC) or other regulatory bodies. In this agreement, Visible Genetics, Inc. agrees to take certain measures necessary to register the shares purchased by these individuals. The purpose of registration is to ensure transparency and compliance with relevant securities laws, allowing the purchasers to freely trade or transfer their shares. The agreement specifies the various types of registration rights available to the purchasers, which may include: 1. Demand Registration Rights: This type of registration right grants the purchasers the ability to request Visible Genetics, Inc. to register their shares for public sale, subject to certain conditions and limitations. The purchasers can initiate this process when they deem it appropriate, typically after a specified period of time has passed since the initial purchase. 2. Piggyback Registration Rights: With piggyback registration rights, the purchasers have the opportunity to include their shares in a registration statement filed by Visible Genetics, Inc. for other purposes, such as an initial public offering (IPO) or a secondary offering. This allows the purchasers to sell their shares alongside the company, maximizing liquidity and marketability. 3. Shelf Registration Rights: This type of registration right enables the purchasers to have their shares registered on a registration statement that will be filed by Visible Genetics, Inc. in advance. Shelf registration provides flexibility to the purchasers, as they can sell their shares at their own discretion, without having to wait for the company to initiate a registration process. 4. Form S-3 Registration Rights: Form S-3 is a simplified registration form that allows eligible companies to register securities for public offering or resale. The agreement may include specific language granting the purchasers the benefit of registering their shares on Form S-3, making the registration process faster and more efficient. The Phoenix Arizona Registration Rights Agreement is an essential component of Visible Genetics, Inc.'s relationship with its common shareholders. It ensures that purchasers have the necessary protection and rights to freely trade their shares in compliance with applicable securities laws.