Santa Clara California Registration Rights Agreement is a legal document executed between GEN International, Inc. (referred to as the "Company") and purchasers who acquire shares in the Company. This agreement outlines the rights and obligations of both parties regarding the registration of these shares with the relevant regulatory authorities. The purpose of the Santa Clara California Registration Rights Agreement is to ensure transparency and compliance when it comes to the sale and transfer of shares. By signing this agreement, the Company grants the purchasers certain rights that pertain to the registration of securities, enabling them to sell, transfer, or dispose of their shares. The main provisions commonly found in this agreement include: 1. Demand Registration Rights: This provision allows the purchasers to request the Company to register their shares with the Securities and Exchange Commission (SEC) upon meeting certain criteria, such as a minimum number of shares or a specific time period after the initial public offering (IPO). 2. Piggyback Registration Rights: The purchasers are granted the right to include their shares in the Company's registration statement filed with the SEC. This provision allows them to "piggyback" on the Company's registration if the Company decides to register any of its securities for a public offering. 3. Shelf Registration Rights: This provision enables the purchasers to have their shares registered on a shelf registration statement filed by the Company with the SEC. Shelf registration allows for the sale of securities over a period of time, instead of being bound by specific sale dates. 4. Cutback Provisions: In case the SEC limits the number of shares that can be included in a registration statement, the cutback provision outlines the reduction or allocation of the shares to be registered among the respective purchasers. 5. Registration Expenses: This section outlines the allocation of the expenses related to the registration process, such as legal and accounting fees. It clarifies whether the Company or the purchasers are responsible for paying these costs. It is important to note that the Santa Clara California Registration Rights Agreement can vary based on the specific terms negotiated between the Company and the purchasers. Each agreement may have different provisions and conditions depending on factors such as the number of shares being sold, the timing of the registration, and the target market. In conclusion, the Santa Clara California Registration Rights Agreement between GEN International, Inc. and purchasers is a crucial legal document that establishes the rights and obligations of both parties regarding the registration and sale of shares. It ensures transparency and compliance in the process, providing a framework for the orderly transfer of securities.