San Antonio, Texas is a vibrant city located in the southern part of Texas, known for its rich history, diverse culture, and bustling economy. It is home to Visible Genetics, Inc., a cutting-edge biotechnology company specializing in genetic research and diagnostics. As part of their agreement with the purchasers of common shares, Visible Genetics, Inc. has a San Antonio Texas Registration Rights Agreement in place to ensure investor protection and transparency. The San Antonio Texas Registration Rights Agreement establishes the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares regarding the registration of these shares with the Securities and Exchange Commission (SEC). This agreement ensures that the company honors its commitment to register these shares under the applicable regulations, ultimately allowing investors to sell their shares in the public market. The agreement outlines various types of San Antonio Texas Registration Rights Agreements that may exist between Visible Genetics, Inc. and the purchasers of common shares. These agreements can include demand registration rights, piggyback registration rights, and shelf registration rights. Demand registration rights grant the purchasers of common shares the right to request that Visible Genetics, Inc. file a registration statement with the SEC for the sale of their shares. This type of registration is initiated by the shareholders and obligates the company to make reasonable efforts to register the shares within a specified timeframe. Piggyback registration rights give the purchasers of common shares the opportunity to include their shares in a registration statement filed by Visible Genetics, Inc. for itself or other shareholders. This type of registration allows shareholders to "piggyback" on the company's registration, ensuring their shares can also be sold in the public market. Shelf registration rights allow Visible Genetics, Inc. to file a registration statement for the sale of securities at any time, without needing to obtain specific approval from the purchasers of common shares. This type of registration provides flexibility for the company to offer additional shares to the public market efficiently. The San Antonio Texas Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares serves as an essential document that protects the interests of both parties. It ensures that investors have the ability to sell their shares when desired, while Visible Genetics, Inc. maintains compliance with securities regulations. By establishing the different types of San Antonio Texas Registration Rights Agreements, Visible Genetics, Inc. provides investors with options to exercise their rights based on their specific needs and business strategies. This agreement underscores the company's commitment to fostering a transparent and mutually beneficial relationship with its shareholders.