Assignability of Registration Rights. The Registration rights set forth in this Section 2 are assignable only to assignees acquiring no less than 250,000 or more Registrable Shares (appropriately adjusted for stock splits and combinations). Notwithstanding anything to the contrary herein, in no event shall a Holder assign any rights herein after 30 days following the Effective Date and prior to the effectiveness of the Registration Statement. Provided further that the Company shall not be obligated to file any post-effective amendment to the Registration Statement solely for the purpose of adding such assignee(s) to the Registration Statement more than once during any consecutive six month period.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Hull James Mitchell), Registration Rights Agreement (Hull James Mitchell), Securities Purchase Agreement (Hull James Mitchell)
