The Hillsborough Florida Registration Rights Agreement is a legal contract that establishes certain rights and obligations between VIA Net. Works, Inc. and specific stockholders residing in Hillsborough, Florida. This agreement grants the stockholders the ability to register their shares with regulatory authorities, such as the Securities and Exchange Commission (SEC), thereby allowing them to publicly offer or sell their shares without restriction under certain circumstances. Under this agreement, VIA Net. Works, Inc. acknowledges the importance of providing the stockholders with registration rights to protect their investment. It ensures that the shares held by these stockholders can be easily liquidated under favorable market conditions. The Hillsborough Florida Registration Rights Agreement outlines various types or tiers of registration rights that may be granted. These include "demand registration rights" and "piggyback registration rights." 1. Demand Registration Rights: This type of registration right allows the stockholders to request VIA Net. Works, Inc. to register their shares for public offering. The stockholders can exercise this right when they wish to sell a substantial number of shares or if they deem it necessary to do so. VIA Net. Works, Inc. is obligated to comply with such requests within a specified timeframe and at the company's expense. 2. Piggyback Registration Rights: Under this provision, if VIA Net. Works, Inc. decides to register any of its securities for public offering, the stockholders have the right to include their shares in the registration. This grants the stockholders the opportunity to benefit from the company's registration process, allowing them to sell their shares alongside VIA Net. Works, Inc. This provision provides flexibility for the stockholders to take advantage of favorable market conditions and potentially increase the liquidity and value of their shares. The Hillsborough Florida Registration Rights Agreement ensures that both VIA Net. Works, Inc. and the stockholders are protected and have clearly defined rights and responsibilities. It serves as a crucial mechanism to maintain transparency, fairness, and efficient trading of the company's shares.