Oakland Michigan Registration Rights Agreement is a legally binding document that outlines the rights and obligations of GEN International, Inc. and purchasers (investors) in regard to the sale of shares. This agreement is crucial in ensuring transparency and protection of the interests of both parties involved in the transaction. Under this agreement, purchasers are given specific registration rights that enable them to have their shares registered with the U.S. Securities and Exchange Commission (SEC) or any other relevant regulatory body. This registration process allows purchasers to freely trade their shares in the public market if they so choose. The detailed terms and conditions of the Oakland Michigan Registration Rights Agreement include: 1. Demand Registration Rights: This type of registration right grants the purchasers the ability to request GEN International, Inc. to register their shares with the regulatory body within a specified timeframe. The company is obligated to fulfill these demands, subject to certain limitations, including market conditions and costs associated with the registration. 2. Piggyback Registration Rights: In case GEN International, Inc. decides to register any of its securities for public offering, purchasers with piggyback registration rights have the opportunity to include their shares for registration alongside the company's shares. This provision allows purchasers to take advantage of the company's registration process and potential market demand. 3. Shelf Registration Rights: This provision allows purchasers to register their shares on a "shelf" for delayed issuance in the future. Shelf registration rights provide flexibility for purchasers to sell their shares at their discretion, without having to go through the registration process each time. 4. Cutback Provisions: In certain circumstances, if the demand for registration exceeds the capacity of the offering or exceeds the maximum number of shares allowed under applicable securities laws, the company may reduce the number of shares that can be registered. This provision protects GEN International, Inc. from potential overburdening and ensures fair allocation of registration capacity among purchasers. 5. Registration Expenses: The agreement also includes provisions regarding the allocation of registration expenses. These expenses include legal and accounting fees, printing costs, and SEC filing fees. The agreement typically states that the purchasers will bear their pro rata share of these expenses based on the number of shares they are registering. By signing the Oakland Michigan Registration Rights Agreement, both GEN International, Inc. and purchasers establish a clear framework for the sale and registration of shares. This agreement aims to safeguard the rights and interests of purchasers, allowing for the smooth and efficient sale of shares in compliance with regulatory requirements. Note: It is important to consult with a legal professional specialized in securities law to obtain accurate and up-to-date information on any specific types of Oakland Michigan Registration Rights Agreement between GEN International, Inc. and purchasers regarding the sale of shares, as the specifics may vary based on individual circumstances, applicable laws, and amendments made over time.