Right to Request F-3 Registration Sample Clauses
The Right to Request F-3 Registration clause grants certain shareholders the ability to require the company to file a registration statement on Form F-3 with the SEC, enabling them to sell their shares to the public more easily. This right typically applies to holders of a specified minimum amount of registrable securities and may be subject to limitations such as frequency of requests or blackout periods. Its core function is to provide liquidity and flexibility for shareholders by facilitating the public resale of their shares, thereby addressing the problem of restricted transferability in private companies.
Right to Request F-3 Registration. Subject to the provisions hereof and the eligibility of the Company to use Form F-3, an Affiliate Investor may at any time commencing twelve (12) months after the Execution Date request that the Company file a Registration Statement on Form F-3 (or an amendment or supplement to an existing Registration Statement on Form F-3) for a public offering of all or such portion of the Registrable Investor Shares owned and designated by such Affiliate Investor pursuant to Rule 415 promulgated under the Securities Act or otherwise (an “F-3 Registration”); provided, however, that the Company shall not be obligated to effect an F-3 Registration if the Affiliate Investor together with any Designated Holders that have requested the opportunity to include Registrable Shares in the F-3 Registration pursuant to this Agreement propose to sell Registrable Shares at an aggregate price (based on the then-current market prices) to the public of less than US$15,000,000.