San Jose, California Registration Rights Agreement: A Comprehensive Overview In San Jose, California, Visible Genetics, Inc. has entered into a Registration Rights Agreement with the purchasers of common shares of the company. This agreement serves as a crucial tool in ensuring transparency and compliance when it comes to the registration of securities with the United States Securities and Exchange Commission (SEC). Let's delve into the details of this agreement and its different types: 1. San Jose California Registration Rights Agreement: The primary purpose of the San Jose California Registration Rights Agreement is to grant certain rights to the purchasers of common shares of Visible Genetics, Inc. These rights primarily revolve around the eligibility to have their shares registered with the SEC to facilitate their future sale or transfer. 2. Piggyback Registration Rights: One type of Registration Rights Agreement is the piggyback registration rights provision. This provision allows shareholders to "piggyback" on the registration of securities by the company for purposes such as public offerings, thereby expanding the marketability and liquidity of their shares. With piggyback rights, the shareholders can request the inclusion of their securities in a company's registration statement. 3. Demand Registration Rights: Another type of Registration Rights Agreement is the demand registration rights provision. Under this provision, shareholders have the right to request the company to register their shares with the SEC at any time. This type of registration is initiated by the shareholders themselves, thereby enabling them to sell their shares in a timely manner and within a predetermined timeframe. 4. S-3 Registration Statement: In certain cases, San Jose California Registration Rights Agreements include the filing of registration statements on Form S-3. Form S-3 is a simplified registration form available to companies that meet specific eligibility criteria. It enables eligible issuers to offer and sell securities to the public, providing a streamlined process for subsequent offerings and a more efficient path to market access. 5. Shelf Registration Rights: Shelf Registration Rights are also commonly included in these agreements. This provision allows the company to register securities in advance with the SEC without immediately offering them for sale. Instead, the company can "shelf" the registration, giving them the flexibility to offer and sell the securities at a later date when market conditions are more favorable or when the need for capital arises. In conclusion, the San Jose California Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares encompasses various provisions, including piggyback registration, demand registration, filing on Form S-3, and shelf registration. These elements collectively aim to protect the rights of shareholders while facilitating the transparent registration and potential sale of securities. The agreement ensures compliance with relevant regulations, enhancing investor confidence and promoting a fair and thriving marketplace.