The King Washington Registration Rights Agreement is a legal document that outlines the rights and obligations of GEN International, Inc. and the purchasers of its shares regarding the sale and subsequent registration of those shares. This agreement establishes certain rights for the purchasers, ensuring that they have the opportunity to register their shares and participate in future stock offerings. The Agreement between GEN International, Inc. and the purchasers typically includes clauses that detail the registration process, the timing and conditions for registration, and the responsibilities of both parties. It ensures that the purchasers have the ability to sell their shares in an orderly fashion and participate fully in any potential liquidity events. There can be variations in the types of King Washington Registration Rights Agreements between GEN International, Inc. and purchasers based on the specifics of the offering and the preferences of the parties involved. Some common types of registration rights agreements include: 1. Demand Registration Rights: This type of agreement gives the purchasers the right to request that GEN International, Inc. register their shares for public sale. The buyers have the ability to demand registration, usually after a designated waiting period, and the company is obligated to fulfill this request within a specified timeframe. 2. Piggyback Registration Rights: In a piggyback registration rights agreement, the purchasers have the right to include their shares in a registration statement filed by GEN International, Inc. for another offering. This allows them to "piggyback" on the company's registration and participate in a public sale without having to initiate the process themselves. 3. Shelf Registration Rights: A shelf registration rights agreement enables the purchasers to have their shares registered on a shelf filing by GEN International, Inc. This allows for the potential sale of the shares over time without the need for additional registration or delays. 4. S-3 Registration Rights: This type of agreement grants the purchasers the right to have their shares registered on a Form S-3, a simplified registration form available to companies meeting certain eligibility criteria. S-3 registration rights agreements provide a more streamlined process for registering the shares and potentially selling them in the market. It's important to note that the specific terms and provisions of the King Washington Registration Rights Agreement may vary based on the negotiations between GEN International, Inc. and the purchasers, as well as any applicable laws and regulations. It is always recommended for both parties to seek legal counsel when entering into such agreements to ensure their rights and interests are protected.