A Chicago Illinois Registration Rights Agreement is a legal document that outlines the rights and obligations of VIA Net. Works, Inc. (the "Company") and certain stockholders in relation to the registration of the stockholders' shares under state and federal securities laws. This agreement is an essential tool for companies to comply with regulatory requirements and provide stockholders with the opportunity to sell their shares in the public market. Key terms and provisions involved in a Chicago Illinois Registration Rights Agreement may include: 1. Registration Statement: The agreement specifies that the Company will prepare and file a registration statement with the Securities and Exchange Commission (SEC) to register the stockholders' shares for sale to the public. 2. Demand Registration Rights: This provision grants stockholders the right to request the Company to register their shares for public sale. The agreement may outline the specific conditions and procedures to exercise this right, such as minimum share thresholds or limited registration periods. 3. Piggyback Registration Rights: In the event the Company decides to undertake a registration of its securities, the agreement gives stockholders the privilege to include their shares in the registration statement. This allows the stockholders to piggyback on the Company's registration and offer their shares for sale alongside the Company. 4. Form and Type of Registration: The agreement may specify whether the registration will be on a delayed or continuous basis, and whether it will involve an underwritten offering or a direct public sale. It may also detail the expenses and fees involved in such registration, clarifying who is responsible for covering associated costs. 5. Lock-up Period: Some agreements may include a lock-up provision that imposes restrictions on stockholders from selling their shares for a specified period after the completion of the registration statement. This is often done to prevent a flood of shares entering the market immediately after the registration. Different types of Chicago Illinois Registration Rights Agreements between VIA Net. Works, Inc. and certain stockholders can be categorized based on the specifics of the registration rights granted, such as: 1. S-1 Registration Rights Agreement: This agreement permits stockholders to register their shares on a long-form registration statement (Form S-1) filed with the SEC, which is commonly used for initial public offerings (IPOs). 2. S-3 Registration Rights Agreement: This agreement provides stockholders with the ability to register their shares on a short-form registration statement (Form S-3) if certain eligibility criteria are met. Form S-3 is typically utilized for seasoned issuers who meet specific SEC requirements. 3. Shelf Registration Rights Agreement: This type of agreement involves the registration of securities for sale in the future without an immediate public offering. Stockholders can then sell their shares periodically, subject to certain conditions, through shelf offerings. By entering into a Chicago Illinois Registration Rights Agreement, VIA Net. Works, Inc. and its stockholders establish a mutually beneficial framework that ensures compliance with securities laws and affords stockholders the opportunity to monetize their investments through public sales of their shares.