Santa Clara, California Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company is a legally binding document that outlines the rights and obligations of both parties regarding the registration of shares. The agreement is designed to ensure that purchasers of common shares have the ability to sell or transfer their shares in accordance with applicable securities laws. It grants specific rights to the purchasers in terms of the registration process, including the ability to request the company to register their shares with the Securities and Exchange Commission (SEC). One type of Santa Clara, California Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares is a demand registration rights agreement. This type of agreement allows the purchasers to request the company to register their shares with the SEC upon the occurrence of certain triggering events, such as a specified time period passing or the company announcing an initial public offering (IPO). Another type is a piggyback registration rights agreement. This agreement allows the purchasers to "piggyback" on any registration statement filed by the company for its own shares. If the company decides to register its shares, the purchasers have the right to include their shares for registration, giving them the opportunity to sell their shares in conjunction with the company's offering. The Santa Clara, California Registration Rights Agreement also includes provisions regarding the expenses associated with the registration process. It generally stipulates that the company will bear the costs of registering the common shares on behalf of the purchasers, including legal fees, filing fees, and other related expenses. Additionally, the agreement may include clauses concerning the timing and duration of the registration process, the availability of "lock-up" periods (where the purchasers agree not to sell their shares for a specified period after registration), and the allocation of any underwriting discounts or commissions. In conclusion, the Santa Clara, California Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares ensures that the purchasers have certain rights and protections when it comes to registering and selling their shares. It helps facilitate transparency and fairness in the securities market while balancing the interests of both the company and the purchasers.