EXHIBIT 4.1
REGISTRATION RIGHTS AGREEMENT
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Dated as of December 14, 1999
Parties: MG SECURITIES GROUP, INC. with an address at 000 Xxxxxxx Xxxxxx, Xxxxx
000, Xxxxxx Xxxxx 00000 ("MG");
The investors (the "Investors") of Financing Shares (as defined
herein) and Warrant Shares (as defined herein) whose names appear on
the signature pages of this Agreement (whether as original signatories
or hereinafter added as signatories to this Agreement); and
LIFEF/X, INC., with an address at 000 Xxxxxx Xxxx, Xxxxxx, XX 00000
(the "Company").
WHEREAS, the Company desires to issue and sell 6,000,000 of the Company's
Units consisting of 6,000,000 shares of the Company's common stock (the "Common
Stock"), pursuant to Subscription Agreements with the Company (the "Financing
Shares"), and the right to purchase 60,000 shares of Common Stock, pursuant to
Warrants granted by the Company (the "Warrant Shares") in connection with the
private placement of the Company's Units described in that certain Private
Placement Memorandum, dated October 29, 1999, as amended and supplemented (the
"Private Placement");
WHEREAS, the Company has granted Warrants to MG, the placement agent in the
Private Placement as compensation in connection with the Private Placement, the
right to purchase 100,000 shares of the Company's Common Stock (the "Placement
Agent Shares") (the Financing Shares, Warrant Shares and Placement Agent Shares
are collectively referred to herein as the "Registrable Securities");
WHEREAS, the Company has as of the date herewith issued and sold an
aggregate of 2,983,000 of the Company's Units to the Investors who are original
signatories of this Agreement;
WHEREAS, the Company desires to hereinafter issue and sell to additional
Investors the balance of the Company's Units;
WHEREAS, the parties to this Agreement desire that upon the issuance and
sale of the balance of the Company's Units to each additional Investor, each
additional Investor be bound by the terms and conditions of this Agreement and
execute a counterpart of this Agreement;
WHEREAS, MG and the Investors acknowledge that the Company has granted
certain demand registration rights covering certain shares of the Company's
Common Stock held by Safeguard Scientific (Delaware), Inc. and its affiliates
pursuant to that certain Registration Rights Agreement, dated of even date
herewith (the "Safeguard Registration Rights Agreement"); and
WHEREAS, the Company has undertaken to register the Registrable Securities,
under the terms set forth herein.
NOW, THEREFORE, the Company, MG and the Investors hereby covenant and agree
as follows:
Certain Definitions. As used in this Agreement, the following terms shall
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have the following respective meanings:
"Commission" shall mean the Securities and Exchange Commission, or any
other federal agency at the time administering the Securities Act.
"Common Stock" shall mean the Common Stock, $0.001 par value, of the
Company, as constituted as of the date of this Agreement.
"Exchange Act" shall mean the Securities Exchange Act of 1934, as amended,
or any similar federal statute, and the rules and regulations of the regulations
of the Commission thereunder, all as the same shall be in effect at the time.
"Register," "registered" and "registration" shall mean a registration
effected by preparing and filing a registration statement or statements or
similar documents in compliance with the Securities Act and the declaration or
ordering of effectiveness of the registration statement or other document by the
Commission.
"Requisite Period" shall mean, with respect to a firm commitment
underwritten public offering the period commencing on the effective date of the
registration statement and ending on the date each underwriter has completed the
distribution of all securities purchased by it, and, with respect to any other
registration, the period commencing on the effective date of the registration
statement and ending on the earlier of the date on which the sale of all
Registrable Securities covered thereby is completed and 180 days after such
effective date.
"Securities Act" shall mean the Securities Act of 1933, as amended, or any
similar federal statue, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.
Capitalized terms not defined herein shall have the meanings set forth in
the Subscription Agreements and the Warrants.
1. Registration.
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1.1. Registration Statement. Pursuant to Section 2 hereof, the
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Company shall file a registration statement (the "Registration Statement") as
soon as practicable but in no event later than 150 days after the date hereof
covering the Registrable Securities. The obligation of the Company under this
Section 1.1 shall be limited to one registration statement.
1.2. Incidental Registration. MG and the Investors have the right to
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request the inclusion of the Registrable Securities as part of any other
registration of securities filed by the Company (other than in connection with a
transaction contemplated by Rule 145(a) promulgated under the Act or pursuant to
Forms S-4 or S-8). In the event of such a proposed registration, the Company
shall furnish MG and the Investors with not less than thirty (30) days written
notice thereof prior to the proposed date of filing of such registration
statement. Such notice to MG and
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the Investors shall continue to be given for each registration statement filed
by the Company until such time as all of the Registrable Securities have been
sold by MG and the Investors. MG and the Investors shall exercise the incidental
rights provided for herein by giving written notice, within fifteen (15) days of
the receipt of the Company's notice of its intention to file a registration
statement. Upon such exercise, the Company will use its best efforts to cause
the Registrable Securities as to which registration has been requested, subject
to any cutbacks imposed by the Company's managing underwriter (if any), to be
included in the securities to be covered by such registration statement to be
filed by the Company, all to the extent and under the conditions such
registration is permitted by the Securities Act. Notwithstanding anything to the
contrary set forth herein, the Company may withdraw any registration statement
referred to in this Section 1.2 which it initially proposed to file in its sole
discretion without thereby incurring any liability to MG or the Investors. The
Company shall cause any registration statement filed pursuant to the above
incidental rights to remain effective for the Requisite Period.
2. Registration Procedures.
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2.1. If and whenever the Company is required by the provisions hereof
to effect the registration of any Registrable Securities under the Securities
Act, the Company will, as expeditiously as possible:
(a) prepare and file with the Commission a registration
statement with respect to such securities, and, with respect to the registration
required under Section 1.1, use its best efforts to cause the Registration
Statement to become effective not later than 150 days from the date hereof and
to remain effective for the Requisite Period;
(b) prepare and file with the Commission such amendments to the
registration statement and supplements to the prospectus used in connection
therewith as may be necessary to keep the registration statement effective for
the Requisite Period and comply with the provisions of the Securities Act with
respect to the disposition of all Registrable Securities covered by the
registration statement in accordance with the intended method of disposition set
forth in the registration statement for such period;
(c) furnish to each seller of Registrable Securities and to each
underwriter such number of copies of the registration statement and the
prospectus included therein (including each preliminary prospectus) as such
persons reasonably may request in order to facilitate the intended disposition
of the Registrable Securities covered by the registration statement;
(d) use its best efforts (i) to register or qualify the
Registrable Securities covered by the registration statement under the
securities or "blue sky" laws of such jurisdictions as the sellers of
Registrable Securities or, in the case of an underwritten public offering, the
managing underwriter reasonably shall request, (ii) to prepare and file in those
jurisdictions such amendments (including post effective amendments) and
supplements, and take such other actions, as may be necessary to maintain such
registration and qualification in effect at all times for the period of
distribution contemplated thereby and (iii) to take such further action as may
be necessary or advisable to enable the disposition of the Registrable
Securities in such jurisdictions, provided, that the Company shall not for any
such purpose be required to
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qualify generally to transact business as a foreign corporation in any
jurisdiction where it is not so qualified or to consent to general service of
process in any such jurisdiction;
(e) immediately notify each seller of Registrable Securities and
each underwriter under the registration statement, at any time when a prospectus
relating thereto is required to be delivered under the Securities Act, of the
happening of any event of which the Company has knowledge as a result of which
the prospectus contained in the registration statement, as then in effect,
includes any untrue statement of a material fact or omits to state a material
fact required to be stated therein or necessary to make the statements therein
not misleading in light of the circumstances then existing and promptly amend or
supplement the registration statement to correct any such untrue statement or
omission;
(f) notify each seller of Registrable Securities of the issuance
by the Commission of any stop order suspending the effectiveness of the
registration statement or the initiation of any proceedings for that purpose and
make every reasonable effort to prevent the issuance of any stop order and, if
any stop order is issued, to obtain the lifting thereof at the earliest possible
time;
(g) permit a single firm of counsel designated as selling
stockholders' counsel by the holders of a majority in interest of the
Registrable Securities being registered to review the Registration Statement and
all amendments and supplements thereto for a reasonable period of time prior to
their filing (provided, however, that in no event shall the Company be required
to reimburse legal fees in excess of $25,000 for the Registration Statement
pursuant to this Section 2.1(g)) and the Company shall not file any document in
a form to which such counsel reasonably objects;
(h) make generally available to its security holders as soon as
practicable, but not later than 90 days after the close of the period covered
thereby, an earnings statement (in form complying with the provisions of Rule
158 under the Securities Act) covering a 12-month period beginning not later
than the first day of the Company's next fiscal quarter following the effective
date of the registration statement;
(i) if the offering is an underwritten offering, enter into a
written agreement with the managing underwriter selected in the manner herein
provided in such form and containing such provisions as are usual and customary
in the securities business for such an arrangement between such underwriter and
companies of the Company's size and investment stature, including, without
limitation customary indemnification and contribution provisions;
(j) if the offering is an underwritten offering, at the request
of any seller of Registrable Securities, use its best efforts to furnish to such
seller on the date that Registrable Securities are delivered to the underwriters
for sale pursuant to such registration: (i) a copy of an opinion dated such date
of counsel representing the Company for the purposes of such registration,
addressed to the underwriters, and (ii) a copy of a letter dated such date from
the independent public accountants retained by the Company, addressed to the
underwriters;
(k) make available for inspection by each seller of Registrable
Securities and any attorney, accountant or other agent retained by such seller,
all financial and
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other records, pertinent corporate documents and properties of the Company, and
cause the Company's officers, directors and employees to supply all information
reasonably requested by any such seller, attorney, accountant or agent in
connection with the registration statement;
(l) take all other reasonable actions necessary to expedite and
facilitate the registration of the Registrable Securities pursuant to the
registration statement.
2.2. In connection with the registration hereunder, the sellers of
Registrable Securities will furnish to the Company in writing such information
and documentation with respect to themselves and the proposed distribution by
them as reasonably shall be necessary in order to assure compliance with federal
and applicable state securities laws.
2.3. If the registration pursuant to this Agreement is in connection
with an underwritten public offering by the Company, the sellers of Registrable
Securities (a) hereby agree to enter into a written agreement with the managing
underwriter selected by the Company in such form and containing such provisions
as are customary in the securities business for such an arrangement between such
underwriter and companies of the Company's size and investment stature, (b)
hereby appoint MG to act as their agent to negotiate the terms of any
restriction on the right of such sellers to sell their Registrable Securities
which shall be imposed by the managing underwriter for such offering; provided,
however, that sellers holding a majority of the Registrable Securities to be
registered shall approve any terms so negotiated, (c) agree to provide such
information and execute such documents as may reasonably be required in
connection with such registration, (d) agree to sell the Registrable Securities
on the basis provided in any underwriting arrangements and (e) agree to complete
and execute all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents required under the terms of such underwriting
arrangements, which arrangements shall not be inconsistent herewith.
2.4. If the Registration Statement has not been declared effective
within 150 days of the date hereof, then the Company shall pay liquidated
damages pro rata to the Investors as follows: one (1%) percent of the initial
purchase price of the Units paid by the Investors in the Private Placement for
the Units for each full 30 day period until the Registration Statement has been
declared effective. Each Investor shall be entitled to a pro rata portion of
such liquidated damages based on the number of Units purchased by such Investor
as compared to the total Units sold by the Company. The liquidated damages
payable hereunder shall be payable in cash promptly upon notice to the Company
delivered pursuant to Section 9 hereof and shall be prorated for any portion of
a 30 day period for which such liquidated damages are due and payable. MG shall
not be entitled to any liquidated damages hereunder.
3. Expenses. All expenses incurred by the Company in complying with this
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Agreement, including, without limitation, all registration and filing fees,
printing expenses, fees and disbursements of counsel and independent public
accountants for the Company, fees and expenses (including counsel fees) incurred
in connection with complying with state securities or "blue sky" laws, fees of
the National Association of Securities Dealers, Inc., fees of transfer agents
and registrars and fees and disbursements of one counsel for the sellers of
Registrable Securities for the Registration Statement (subject to the limitation
in Section 2.1(g)), but excluding any Selling Expenses, are called "Registration
Expenses". All underwriting discounts
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and selling commissions applicable to the sale of Registrable Securities are
called "Selling Expenses".
3.1. The Company will pay all Registration Expenses in connection with
the registration statements filed hereunder, and the Selling Expenses in
connection with each the registration statements shall be borne by the
participating sellers of Registrable Securities in proportion to the number of
Registrable Securities sold by each or as they may otherwise agree.
4. Indemnification and Contribution. (a) In the event of a registration
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of any of the Registrable Securities under the Securities Act pursuant to the
terms of this Agreement, the Company will indemnify and hold harmless and pay
and reimburse, each seller of such Registrable Securities thereunder, and each
other person, if any, who controls such seller within the meaning of the
Securities Act, against any losses, claims, damages or liabilities, joint or
several, to which such seller, underwriter or controlling person may become
subject under the Securities Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of any material fact
contained in the registration statement under which such Registrable Securities
were registered under the Securities Act pursuant hereto or any preliminary
prospectus or final prospectus contained therein, or any amendment or supplement
thereof, or arise out of or are based upon the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, or any violation or alleged violation of
the Securities Act or any state securities or blue sky laws and will reimburse
each such seller, and each such controlling person for any legal or other
expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability or action; provided, that the
Company will not be liable in any such case if and to the extent that any such
loss, claim, damage or liability arises out of or is based upon the Company's
reliance on an untrue statement or alleged untrue statement or omission or
alleged omission so made in conformity with information furnished by any such
seller, any such underwriter or any such controlling person in writing
specifically for use in the registration statement or prospectus.
(b) In the event of a registration of any of the Registrable
Securities under the Securities Act pursuant hereto each seller of such
Registrable Securities thereunder, severally and not jointly, will indemnify and
hold harmless the Company, each person, if any, who controls the Company within
the meaning of the Securities Act, each officer of the Company who signs the
registration statement and each director of the Company against all losses,
claims, damages or liabilities, joint or several, to which the Company or such
officer, director or controlling person may become subject under the Securities
Act or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon reliance on any
untrue statement or alleged untrue statement of any material fact contained in
the registration statement under which such Registrable Securities were
registered under the Securities Act pursuant hereto or any preliminary
prospectus or final prospectus contained therein, or any amendment or supplement
thereof, or arise out of or are based upon the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, and will reimburse the Company and each
such officer, director and controlling person for any legal or other expenses
reasonably incurred by them in connection with investigating or defending any
such loss, claim, damage, liability or action, provided, that such seller will
be liable hereunder in any such case if and only
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to the extent that any such loss, claim, damage or liability arises out of or is
based upon an untrue statement or alleged untrue statement or omission or
alleged omission made in reliance upon and in conformity with information
pertaining to such seller, as such, furnished in writing to the Company by such
seller specifically for use in the registration statement or prospectus, and
provided, that the liability of each seller hereunder shall be limited to the
proceeds received by such seller from the sale of Registrable Securities covered
by the registration statement. Notwithstanding the foregoing, the indemnity
provided in this Section 4(b) shall not apply to amounts paid in settlement of
any such loss, claim, damage, liability or expense if such settlement is
effected without the consent of such indemnified party.
(c) Promptly after receipt by an indemnified party hereunder of
notice of the commencement of any action, such indemnified party shall, if a
claim in respect thereof is to be made against the indemnifying party hereunder,
notify the indemnifying party in writing thereof, but the omission so to notify
the indemnifying party shall not relieve it from any liability which it may have
to such indemnified party other than under this Section 4 and shall only relieve
it from any liability which it may have to such indemnified party under this
Section 4 if and to the extent the indemnifying party is materially prejudiced
by such omission. In case any such action shall be brought against any
indemnified party and it shall notify the indemnifying party of the commencement
thereof, the indemnifying party shall be entitled to participate in and, to the
extent it shall wish, to assume and undertake the defense thereof with counsel
reasonably satisfactory to such indemnified party, and, after notice from the
indemnifying party to such indemnified party of its election so to assume and
undertake the defense thereof, the indemnifying party shall not be liable to
such indemnified party under this Section 4 for any legal expenses subsequently
incurred by such indemnified party in connection with the defense thereof other
than reasonable costs of investigation and of liaison with counsel so selected,
provided, that if the defendants in any such action include both the indemnified
party and the indemnifying party and the indemnified party shall have reasonably
concluded based upon written advise of his counsel that there may be reasonable
defenses available to it which are different from or additional to those
available to the indemnifying party or if the interests of the indemnified party
reasonably may be deemed to conflict with the interests of the indemnifying
party, the indemnified party shall have the right to select a separate counsel
and to assume such legal defenses and otherwise to participate in the defense of
such action, with the expenses and fees of such separate counsel and other
expenses related to such participation to be reimbursed by the indemnifying
party as incurred.
(d) In order to provide for just and equitable contribution to
joint liability under the Securities Act in any case in which either (i) any
seller of Registrable Securities exercising rights under this Agreement, or any
controlling person of any such holder, makes a claim for indemnification
pursuant to this Section 4 but it is judicially determined (by the entry of a
final judgment or decree by a court of competent jurisdiction and the expiration
of time to appeal or the denial of the last right of appeal) that such
indemnification may not be enforced in such case notwithstanding the fact that
this Section 4 provides for indemnification in such case, or (ii) contribution
under the Securities Act may be required on the part of any such seller or any
such controlling person in circumstances for which indemnification is provided
under this Section 4; then, and in each such case, the Company and such seller
will contribute to the aggregate losses, claims, damages or liabilities to which
they may be subject (after contribution from others) in such proportion so that
such seller is responsible for the portion
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represented by the percentage that the public offering price of its Registrable
Securities offered by the Registration Statement bears to the public offering
price of all securities offered by the Registration Statement, and the Company
is responsible for the remaining portion; provided, that, in any such case, (A)
no such seller will be required to contribute any amount in excess of the public
offering price of all such Registrable Securities offered by it pursuant to the
registration statement and (B) no person or entity guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
will be entitled to contribution from any person or entity who was not guilty of
such fraudulent misrepresentation.
5. Changes in Capital Stock. If, and as often as, there is any change in
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the capital stock of the Company by way of a stock split, stock dividend,
combination or reclassification, or through a merger, consolidation,
reorganization or recapitalization, or by any other means, appropriate
adjustment shall be made in the provisions hereof so that the rights and
privileges granted hereby shall continue with respect to the capital stock as so
changed.
6. Rule 144 Reporting. With a view to making available the benefits of
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certain rules and regulations of the Commission which may at any time permit the
sale of the Registrable Securities to the public without registration, at all
times after 90 days after any registration statement covering a public offering
of securities of the Company under the Securities Act shall have become
effective, the Company agrees to:
6.1. make and keep public information available, as those terms are
understood and defined in Rule 144 under the Securities Act:
6.2. file with the Commission in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act;
and
6.3. furnish to each seller of Registrable Securities forthwith upon
request a written statement by the Company as to its compliance with the
reporting requirements of such Rule 144 and of the Securities Act and the
Exchange Act, a copy of the most recent annual or quarterly report of the
Company, and such other reports and documents so filed by the Company as such
seller may reasonably request in availing itself of any rule or regulation of
the Commission allowing such seller to sell any Registrable Securities without
registration.
7. Representations and Warranties of the Company. The Company represents
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and warrants to the Investor as follows:
7.1. The execution, delivery and performance of this Agreement by the
Company have been duly authorized by all requisite corporate action and will not
violate any provision of law, any order of any court or other agency of
government, the Articles of Incorporation or By-laws of the Company or any
provision of any indenture, agreement or other instrument to which it or any or
its properties or assets is bound, conflict with, result in a breach of or
constitute (with due notice or lapse of time or both) a default under any such
indenture, agreement or other instrument or result in the creation or imposition
of any lien, charge or encumbrance of any nature whatsoever upon any of the
properties or assets of the Company or its subsidiaries.
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7.2. This Agreement has been duly executed and delivered by the
Company and constitutes the legal, valid and binding obligation of the Company,
enforceable in accordance with its terms.
8. Assignment of Registration Rights. The rights to have the Company
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register Registrable Securities pursuant to this Agreement may be assigned by MG
or any Investor to transferees or assignees of such securities; provided, that
such assignment is for at least ten percent (10%) of the initial number of
Registrable Securities issued by the Company to each holder of Registrable
Securities in connection with the Private Placement, and the Company is, within
a reasonable time after such transfers, furnished with written notice of the
name and address of such transferee or assignee and the securities with respect
to which such registration rights are being assigned. The terms "MG" or
"Investor", as the case may be, as used in this Agreement shall include such
permitted assignees.
9. Miscellaneous.
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(a) All covenants and agreements contained in this Agreement by
or on behalf of any of the parties hereto shall bind and inure to the benefit of
the respective successors and assigns of the parties hereto (including without
limitation transferees of any Registrable Securities), whether so expressed or
not.
(b) All notices, requests, consents and other communications
hereunder shall be in writing and shall be delivered in person, mailed by
certified or registered mail, return receipt requested, or sent by telecopier or
telex, addressed (i) if to the Company, at 000 Xxxxxx Xxxx, Xxxxxx, XX 00000;
(ii) if to MG, at 000 Xxxxxxx Xxxxxx, Xxxxx 000, Xxxxxx, Xxxxx 00000; (iii) if
to any other party hereto, at the address of such party set forth beneath such
party's signature to this Agreement; and (iv) if to any subsequent holder of
Registrable Securities, to it at such address as may have been furnished to the
Company in writing by such holder; or, in any case, at such other address or
addresses as shall have been furnished in writing to the Company (in the case of
a holder of Registrable Securities) or to the holders of Registrable Securities
(in the case of the Company) in accordance with the provisions of this
paragraph.
(c) This Agreement shall be governed by and construed in
accordance with the laws of the State of New York applicable to contracts
entered into and to be performed wholly within said State.
(d) Any judicial proceeding brought against any of the parties
to this Agreement on any dispute arising out of this Agreement of any matter
related hereto shall be brought in the courts of the State of New York or in the
United States District Court for the Southern District of New York, and, by
execution and delivery of this Agreement, each of the parties hereto accepts for
itself and himself the process in any such action or proceeding by the mailing
of copies of such process to it, at its or his address as set forth in Section
9(b) and irrevocably agrees to be bound by any judgment rendered thereby in
connection with this Agreement. Each party hereto irrevocably waives to the
fullest extent permitted by law any objection that it or he may now or hereafter
have to the laying of the venue of any judicial proceeding brought in such
courts and any claim that any such judicial proceeding has been brought in an
inconvenient forum. The foregoing consent to jurisdiction shall not constitute
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general consent to service of process in the State of New York for any purpose
except as provided above and shall not be deemed to confer rights on any person
other than the respective parties to this Agreement.
(e) This Agreement may not be amended or modified without the
written consent of the Company and the holders of at least a majority of the
Registrable Securities.
(f) Failure of any party to exercise any right or remedy under
this Agreement or otherwise, or delay by a party in exercising such right or
remedy, shall not operate as a waiver thereof. No waiver shall be effective
unless and until it is in writing and signed by the party granting the waiver.
(g) This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
(h) Other than registration rights granted under the Safeguard
Registration Rights Agreement, the Company shall not grant to any third party
any registration rights more favorable than or inconsistent with any of those
contained herein, or which would in any way, adversely affect the rights of
holders of Registrable Securities hereunder, so long as any of the registration
rights under this Agreement remains in effect.
(i) If any provision of this Agreement shall be held to be
illegal, invalid or unenforceable, such illegality, invalidity or
unenforceability shall attach only to such provision and shall not in any manner
affect or render illegal, invalid or unenforceable any other provision of this
Agreement, and this Agreement shall be carried out as if any such illegal,
invalid or unenforceable provision were not contained herein.
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IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the
date first above written.
LIFEF/X, INC.
By: /s/ Xxxxxxx X. Xxxxxxxxxx
________________________________
Name: Xxxxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
MG SECURITIES GROUP, INC.
By: /s/ Xxxxxxx Xxxxxxxx
_________________________
Name: Xxxxxxx Xxxxxxxx
Title: President
[REGISTRATION RIGHTS AGREEMENT]
ADDITIONAL INVESTOR:
Dated as of February 2, 2000 __________________________________
Name of Investor
__________________________________
Signature
__________________________________
Title, if applicable
Address:
__________________________________
__________________________________
__________________________________
No. of Units:_____________________
[REGISTRATION RIGHTS AGREEMENT]
