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Document Preview Registration Rights Agreement |
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Title: |
Registration Rights Agreement |
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Entities: |
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Date: |
2002 |
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Size: |
Preview shows 4KB of 44KB total |
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Price: |
$48 |
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ID: |
#980595 |
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MTC TECHNOLOGIES, INC.
REGISTRATION RIGHTS AGREEMENT
This Registration Rights Agreement (this "Agreement") is made as of June
11, 2002, by and between MTC Technologies, Inc., a Delaware corporation (the
"Company"), and Rajesh K. Soin (the "Holder" and, together with his permitted
successors and assigns, the "Holders").
The parties to this Agreement hereby agree as follows:
1. Required Registration. Upon the receipt by the Company, from Holders
representing at least 25% of the Registrable Securities (as defined in
Section 15(h) below) then outstanding, of a written request (a "Request")
for the registration of some or all of their Registrable Securities at any
time more than 270 days after any registration statement covering an
initial public offering (an "IPO") of securities of the Company under the
Securities Act of 1933, as amended (the "1933 Act"), has become effective,
the Company shall, if the reasonably anticipated aggregate offering price
would exceed $5,000,000, prepare and file a registration statement under
the 1933 Act, covering the Registrable Securities that are the subject of
the Request. The Company shall promptly give written notice to all Holders
of its receipt of a Request, and the Company shall, subject to the
provisions of Section 5 hereof, include in such registration statement all
other Registrable Securities that Holders have requested to have included
within 20 days after such notice has been given by the Company. The Holders
shall be entitled to two registrations under this Section 1. In the event
that the Holders delivering the Request determine for any reason (other
than at the request of the Company) not to proceed with a registration of
Registrable Securities requested pursuant to this Section 1 at any time
before the registration statement has been declared effective by the
Securities and Exchange Commission (the "SEC"), and such registration
statement, if theretofore filed with the SEC, is withdrawn with respect to
the Registrable Securities covered thereby, and such Holders reimburse the
Company for the fees, costs and expenses incurred by it in connection
therewith, then, with respect to that non-consummated registration, the
Holders will not be deemed to have exercised one of their rights to require
the Company to register Registrable Securities pursuant to this Section 1.
If the Holders determine not to proceed with such a registration upon the
request of the Company, the Holders will not be required to reimburse the
Company for its fees, costs and expenses and, with respect to that
non-consummated registration, the Holders will not be deemed to have
exercised one of their rights to require the Company to register
Registrable Securities pursuant to this Section 1. The Company shall not,
without the prior written consent of Holders representing at least 25% of
the Registrable Securities then held by all of the Holders, effect any
registration of its securities (other than on Form S-4 or Form S-8, or any
successor or similar form) from the date the Company receives a Request
pursuant to this Section 1 until the earlier of (a) 90 days after the date
on which all securities covered by
<PAGE>
such Request have been sold and (b) 180 days after the effective date of
the registration statement covering such securities.
2. Incidental Registration. Each time the Company determines to proceed
with the preparation and filing of a registration statement under the 1933
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