Registration Rights Agreement between IGEN International, Inc. and purchasers regarding sale of shares dated January 11, 2000. 23 pages.
Title: San Jose California Registration Rights Agreement: A Comprehensive Overview Introduction: In the business realm, a Registration Rights Agreement plays a crucial role in facilitating the smooth transfer and sale of shares between GEN International, Inc. and purchasers in San Jose, California. It establishes a legal framework, offering specific rights and obligations for both parties involved. This detailed description will delve into the various aspects of a San Jose California Registration Rights Agreement, including its key features and types. Key Concepts: 1. Registration Rights Agreement: A legally binding contract that governs the rights and responsibilities of GEN International, Inc. (the issuer) and the purchasers (the shareholders or investors) pertaining to the sale and registration of shares within the San Jose, California, jurisdiction. 2. Share Sale and Transfer: The agreement provides a mechanism for purchasers to dispose of their shares in GEN International, Inc. through registration in accordance with applicable securities laws. 3. Registration Process: The agreement outlines the procedures and timelines involved in registering the shares for public resale, ensuring compliance with relevant regulations set by the Securities and Exchange Commission (SEC) and other governing bodies. 4. Shareholders' Rights: The agreement safeguards purchasers' rights, such as the ability to request registration, demand shelf registration, participate in offerings, receive prospectuses, and access information on the company's financial standing. 5. Restrictions on Registration: The agreement may include restrictions on the number of shares eligible for registration, limitations on the timing and frequency of registrations, and qualifications for registration eligibility. 6. Lock-Up Period: A provision within the agreement that restricts the purchasers from immediately selling or disposing of the shares they acquire, typically for a predetermined period to maintain market stability. Types of San Jose California Registration Rights Agreement: 1. Demand Registration Rights: Granting purchasers the right to request the registration of their shares at any time, obligating GEN International, Inc. to register the shares and incur the associated expenses. 2. Piggyback Registration Rights: Allowing purchasers to include their shares for registration in any subsequent registration statement filed by GEN International, Inc., either for its own securities or for existing shareholders, limiting the cost burden on the purchasers. 3. Shelf Registration Rights: Providing purchasers with the option to have their shares registered on a "shelf" instead of immediately selling them, enabling seamless offerings to the public at a future date. 4. Delayed Registration: In certain cases, the agreement may permit GEN International, Inc. to delay the registration of shares to avoid adverse market conditions or strategic considerations, ensuring flexibility for both parties. Conclusion: The San Jose California Registration Rights Agreement between GEN International, Inc. and purchasers regarding the sale of shares serves as a vital instrument in facilitating transparent and secure transactions. By clearly defining the rights and obligations of each party involved, this agreement enhances investor confidence and fosters a conducive environment for share trading within the San Jose, California market. Understanding the various types of registration rights ensures flexibility and compliance with relevant securities laws, contributing to the sustainable growth of GEN International, Inc. and its shareholders.
Title: San Jose California Registration Rights Agreement: A Comprehensive Overview Introduction: In the business realm, a Registration Rights Agreement plays a crucial role in facilitating the smooth transfer and sale of shares between GEN International, Inc. and purchasers in San Jose, California. It establishes a legal framework, offering specific rights and obligations for both parties involved. This detailed description will delve into the various aspects of a San Jose California Registration Rights Agreement, including its key features and types. Key Concepts: 1. Registration Rights Agreement: A legally binding contract that governs the rights and responsibilities of GEN International, Inc. (the issuer) and the purchasers (the shareholders or investors) pertaining to the sale and registration of shares within the San Jose, California, jurisdiction. 2. Share Sale and Transfer: The agreement provides a mechanism for purchasers to dispose of their shares in GEN International, Inc. through registration in accordance with applicable securities laws. 3. Registration Process: The agreement outlines the procedures and timelines involved in registering the shares for public resale, ensuring compliance with relevant regulations set by the Securities and Exchange Commission (SEC) and other governing bodies. 4. Shareholders' Rights: The agreement safeguards purchasers' rights, such as the ability to request registration, demand shelf registration, participate in offerings, receive prospectuses, and access information on the company's financial standing. 5. Restrictions on Registration: The agreement may include restrictions on the number of shares eligible for registration, limitations on the timing and frequency of registrations, and qualifications for registration eligibility. 6. Lock-Up Period: A provision within the agreement that restricts the purchasers from immediately selling or disposing of the shares they acquire, typically for a predetermined period to maintain market stability. Types of San Jose California Registration Rights Agreement: 1. Demand Registration Rights: Granting purchasers the right to request the registration of their shares at any time, obligating GEN International, Inc. to register the shares and incur the associated expenses. 2. Piggyback Registration Rights: Allowing purchasers to include their shares for registration in any subsequent registration statement filed by GEN International, Inc., either for its own securities or for existing shareholders, limiting the cost burden on the purchasers. 3. Shelf Registration Rights: Providing purchasers with the option to have their shares registered on a "shelf" instead of immediately selling them, enabling seamless offerings to the public at a future date. 4. Delayed Registration: In certain cases, the agreement may permit GEN International, Inc. to delay the registration of shares to avoid adverse market conditions or strategic considerations, ensuring flexibility for both parties. Conclusion: The San Jose California Registration Rights Agreement between GEN International, Inc. and purchasers regarding the sale of shares serves as a vital instrument in facilitating transparent and secure transactions. By clearly defining the rights and obligations of each party involved, this agreement enhances investor confidence and fosters a conducive environment for share trading within the San Jose, California market. Understanding the various types of registration rights ensures flexibility and compliance with relevant securities laws, contributing to the sustainable growth of GEN International, Inc. and its shareholders.