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Registration Rights Agreement

 

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Title:

Registration Rights Agreement

Entities:

Cyberian Outpost Inc; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo

Date:

2000

Size:

Preview shows 6KB of 38KB total

Price:

$36

ID:

#1627478

 

 

► Corporate ► Rights ► Registration Rights Agreements
► Services ► Legal

 

 

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                         REGISTRATION RIGHTS AGREEMENT


REGISTRATION RIGHTS AGREEMENT dated as of September 8, 2000 (the
"Agreement"), among, CYBERIAN OUTPOST, INC. a Delaware corporation (the
"Parent"), Jeffrey Harrow, Michael Mufson and David Robkin (the "Stockholders'
Committee"), and those persons listed on Schedule I attached hereto who or which
are or become signatories hereto.

WHEREAS, on the date hereof, pursuant to the terms of an Agreement and Plan
of Reorganization (the "Reorganization Agreement") dated as of September 6,
2000, among Parent, Sydney Acquisition Sub, Inc., a Delaware corporation and
wholly-owned subsidiary of Parent (the "Acquisition Sub"), CMPEXPRESS.COM, INC.,
a Pennsylvania corporation (the "Company") and the other parties thereto,
providing for, among other things, the merger of Acquisition Sub with and into
the Company (the "Merger"), with the Company surviving the Merger as a wholly-
owned subsidiary of Parent, and the Stockholders of the Company receiving shares
of common stock, $0.01 par value, of Parent ("Common Stock") in exchange for
shares of capital stock of the Company, all in the manner set forth in and upon
the terms and subject to the conditions set forth in the Reorganization
Agreement.

All capitalized terms used but not defined herein shall have the meanings
ascribed thereto in the Reorganization Agreement.

WHEREAS, pursuant to the terms of the Reorganization Agreement, the
Stockholders (the "Parent Stockholders" as defined below) have acquired certain
shares of Parent's Common Stock (the "Shares"); and

WHEREAS, the Shares are "restricted securities" within the meaning of the
Securities Act (as defined below); and

WHEREAS, subject to the terms of the Reorganization Agreement, the Parent
Stockholders desire to be able to transfer the Shares from time to time by
making offers and sales of such stock; and

WHEREAS, Parent is willing to accommodate the Parent Stockholders' desire
to sell the Shares from time to time by causing the Shares to be registered for
resale from time to time on the terms and subject to the conditions set forth
herein.

NOW, THEREFORE, in consideration of the Reorganization Agreement and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:

1. Definitions.
-----------

As used in this Agreement, the following terms shall have the following
meanings:

(a) "Commission" shall mean the Securities and Exchange Commission or any
other Federal agency at the time administering the Securities Act.

(b) "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, or any successor Federal statute, and the rules and regulations of the
Commission promulgated thereunder, all as the same shall be in effect from time
to time.

(c) "NASD" shall mean the National Association of Securities Dealers, Inc.

(d) "Parent Stockholders" shall mean all shareholders of the Company who
are receiving Shares in the Merger pursuant to the Reorganization Agreement and
who or which execute and deliver a counterpart signature page to this Agreement.

(e) "Public Offering" shall mean a public offering of shares of Common
Stock of Parent registered pursuant to the Securities Act.

(f) "Registrable Shares" shall mean Shares received by Parent Stockholders
in the Merger including Shares received pursuant to the exercise of options
received by a Parent Stockholder in the Merger, and any securities of Parent
that may be issued or distributed with respect to, or in exchange or
substitution for, or conversion of, such Shares and such other securities issued
or issuable with respect to such securities pursuant to a stock dividend, stock
split or other distribution, merger, consolidation, recapitalization or
reclassification or otherwise.

1
<PAGE>

(g) "Reorganization Agreement" shall be deemed to mean and include the
Reorganization Agreement and any agreement of merger executed and delivered in
connection therewith.

(h) "Rule 144" shall mean Rule 144 promulgated under the Securities Act or
any successor or complementary rule thereto.

(i) "Securities Act" shall mean the Securities Act of 1933, as amended, or
any successor Federal statute, and the rules and regulations of the Commission
promulgated thereunder, all as the same shall be in effect from time to time.

(j) "Shares" shall mean shares of Parent's Common Stock.

2. Registration.
------------

(a) Subject to the terms and conditions of this Agreement, Parent agrees to
prepare and file with the Commission as soon as reasonably practicable after the
date hereof, but, assuming the Parent Stockholders timely provide information
requested of them, in no event later than sixty (60) days after the date hereof,
a registration statement on Form S-3 (or any successor form promulgated by the
Commission) (the "Registration Statement") with respect to all of the
Registrable Shares. The Registration Statement will permit delayed or
continuous offerings pursuant to Rule 415 under the Securities Act. Parent
agrees to use its reasonable best efforts to have the Registration Statement
declared effective as soon as practicable after such filing, but in no event
later than one hundred twenty (120) days after the date hereof. Parent shall
keep effective the Registration Statement for a period of not less than twenty-
four (24) months, as extended by any period of time during which the

 

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