The Hillsborough Florida Registration Rights Agreement is a legal document that outlines the rights and obligations of purchasers of convertible subordinated debentures in Hillsborough County, Florida. This agreement specifies the terms and conditions under which the purchaser of these debentures can request the registration of their securities with the Securities and Exchange Commission (SEC). The purpose of the Hillsborough Florida Registration Rights Agreement is to ensure that the purchasers of convertible subordinated debentures have the opportunity to register their securities to sell them in the public market, thus providing them with liquidity and potential profits. This agreement enables investors to exercise their registration rights and protect their investment interests. It is important to note that there may be variations of the Hillsborough Florida Registration Rights Agreement depending on the specific terms of the convertible subordinated debentures. Some common variations or types of this agreement may include: 1. Piggyback Rights: This provision allows the debenture holder to request the inclusion of their securities in any registration statement filed by the issuing company. This right enables the debenture holder to benefit from the company's registration efforts without having to bear the expenses and administrative burdens of the registration process. 2. Demand Rights: Under this variation, the debenture holder has the right to request the company to register their securities for sale at any time. The company is then obligated to comply with this demand, provided the necessary conditions specified in the agreement are met. 3. Shelf Registration Rights: This type of registration rights agreement permits the debenture holder to have their securities registered for sale on a "shelf" registration statement. Shelf registrations allow the debenture holder to offer their securities to the public over time, rather than in one single offering. This is beneficial as it offers flexibility and avoids the need to continually seek registration for subsequent offerings. 4. Form S-3 Registration Rights: This provision applies to convertible debentures that are eligible for registration using SEC Form S-3. The Form S-3 eligibility criteria are determined by the SEC and typically require the issuer to meet certain financial and market capitalization thresholds. In conclusion, the Hillsborough Florida Registration Rights Agreement is a crucial legal document that governs the registration process for purchasers of convertible subordinated debentures in Hillsborough County. It aims to protect investor interests by providing them with the opportunity to register and sell their securities in the public market. The various types or variations of this agreement include piggyback rights, demand rights, shelf registration rights, and Form S-3 registration rights.