San Diego California Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• County: San Diego
• 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. A San Diego California Registration Rights Agreement is a legally binding contract that outlines the rights and obligations of Visible Genetics, Inc. (the company) and the purchasers of common shares of the company. This agreement ensures that the shareholders have certain rights related to the registration of their shares with the Securities and Exchange Commission (SEC) and the company's compliance with applicable securities laws. The Registration Rights Agreement is crucial for shareholders as it ensures that they have the opportunity to sell their shares in the public market, as well as provides them with the necessary information and access to the registration process. It is designed to protect the interests of both parties involved. Key provisions in a typical San Diego California Registration Rights Agreement may include: 1. Demand Registration: This provision grants the shareholders the right to request the company to register their shares with the SEC. The company is obligated to fulfill this request within a specified timeframe and bear the associated costs. 2. Piggyback Registration: Shareholders may have the right to include their shares in any registration statement filed by the company, allowing them to sell their shares alongside the company or other selling shareholders. 3. S-3 Registration: This provision grants eligible shareholders the right to demand registration of their shares on Form S-3, simplifying the registration process and reducing associated costs. 4. Expenses: The agreement may specify how the registration expenses, such as legal and accounting fees, will be shared between the company and the shareholders. 5. Lock-Up Periods: It is common for the Registration Rights Agreement to include lock-up provisions, restricting shareholders from selling their registered shares for a specified period after the registration statement becomes effective. Different types of San Diego California Registration Rights Agreements between Visible Genetics, Inc. and the purchasers of common shares may include variations in the aforementioned provisions, depending on the specific circumstances and negotiations between the parties involved. In conclusion, a San Diego California Registration Rights Agreement is a crucial document for Visible Genetics, Inc. and its shareholders, as it outlines the rights and obligations related to the registration and sale of shares. It ensures transparency, compliance, and protection for both the company and its shareholders.

A San Diego California Registration Rights Agreement is a legally binding contract that outlines the rights and obligations of Visible Genetics, Inc. (the company) and the purchasers of common shares of the company. This agreement ensures that the shareholders have certain rights related to the registration of their shares with the Securities and Exchange Commission (SEC) and the company's compliance with applicable securities laws. The Registration Rights Agreement is crucial for shareholders as it ensures that they have the opportunity to sell their shares in the public market, as well as provides them with the necessary information and access to the registration process. It is designed to protect the interests of both parties involved. Key provisions in a typical San Diego California Registration Rights Agreement may include: 1. Demand Registration: This provision grants the shareholders the right to request the company to register their shares with the SEC. The company is obligated to fulfill this request within a specified timeframe and bear the associated costs. 2. Piggyback Registration: Shareholders may have the right to include their shares in any registration statement filed by the company, allowing them to sell their shares alongside the company or other selling shareholders. 3. S-3 Registration: This provision grants eligible shareholders the right to demand registration of their shares on Form S-3, simplifying the registration process and reducing associated costs. 4. Expenses: The agreement may specify how the registration expenses, such as legal and accounting fees, will be shared between the company and the shareholders. 5. Lock-Up Periods: It is common for the Registration Rights Agreement to include lock-up provisions, restricting shareholders from selling their registered shares for a specified period after the registration statement becomes effective. Different types of San Diego California Registration Rights Agreements between Visible Genetics, Inc. and the purchasers of common shares may include variations in the aforementioned provisions, depending on the specific circumstances and negotiations between the parties involved. In conclusion, a San Diego California Registration Rights Agreement is a crucial document for Visible Genetics, Inc. and its shareholders, as it outlines the rights and obligations related to the registration and sale of shares. It ensures transparency, compliance, and protection for both the company and its shareholders.