展品10.2
註冊權協議
註冊權協議 (此“協議”),於2024年10月21日簽署,由之間 SIYATA MOBILE INC., 一家英屬哥倫比亞公司 ("公司 hudson global ventures,有限責任公司, 內華達州有限責任公司 (以及其允許的受讓人,“投資者”)。在本文件中使用的大寫字母術語,如未在本文件中另有定義,應具有雙方之間日期的股權購買協議中規定的各自含義(根據自本日起修訂、重訂、補充或以其他方式修改的形式)。購買協議”).
鑑於:
公司已同意在購買協議的條款和條件下,向投資者出售多達七百萬美元($7,000,000.00)的看跌股票(如購買協議中定義),並且爲誘使投資者簽訂購買協議,公司已同意根據1933年修訂版的《證券法》及其下屬規則和規定,或類似的後繼法規(統稱“證券法並適用州證券法。
因此, 鑑於本協議中包含的承諾和相互契約以及其他良好和有價值的考慮,公司和投資者在此確認收到並認可這些考慮的充分性,特此同意如下:
1. 定義.
本協議中所使用的以下術語應具有以下含義:
a. “投資者如上所述。 應按上文所述含義理解。
b. “持有表示任何個人或實體,包括但不限於任何公司、有限責任公司、協會、合夥企業、組織、企業、個人、政府或政治行政區劃或政府機構。
c. “註冊,” “註冊的我們無法保證,我們將在與此招股書相關的證券發行中收到任何收益。除非適用的招股說明書另有說明,否則我們打算將在本招股書下出售的證券的任何淨收益用於我們的運營、進一步開發和商業化我們的產品候選者、其他普通企業用途,可能包括但不限於營運資本、知識產權保護和執行、資本支出、償還債務和合作夥伴關係,以及獲得、許可或投資於新業務、產品候選者和技術的成本。我們還沒有確定我們計劃在上述任何領域中花費的金額或支出的時間。因此,我們的管理層將對根據此招股書出售的證券所收到的任何資金擁有廣泛的自由裁量權,以用於任何目的。在應用上述方式前,我們可能會根據我們的現金管理政策,最初將淨收益投資於短期投資級或帶息證券。本招股書銷售的證券的收益使用的其他信息可能在與該發行有關的招股說明書中表述。登記「」指準備並提交公司的一個或 多個註冊聲明,以符合《證券法》要求和/或根據《證券法》第415條規定或任何連續發行證券的後續規則(“規則415”),以及美國證券交易委員會(“SEC”).
d. “可註冊證券「看跌」意味着所有已發行或可能不時發行的看跌股票,包括但不限於根據購買協議定義的所有普通股(「普通股」),已經發行或將要發行給投資者的普通股(不考慮任何受益所有權或購買限制),以及所有根據購買協議定義的承諾股(「承諾股」)換股而來的普通股(“承諾股份”)可能不時發行給投資者,不考慮任何受益所有權或購買限制,並作爲任何股票分拆、股票股利、資本重組、交換或類似事件或其他事件的結果發行給投資者的普通股,不考慮購買協議中的受益所有權限制或承諾股的權利和設計。
e. “註冊聲明書「」表示公司的一份或多份註冊聲明。
2. 註冊.
a. 必填 註冊。 公司應在本協議生效之日起四十五(45)個自然日內向美國證券交易委員會提交一份初始登記聲明,覆蓋可根據適用美國證券交易委員會規則、條例和解讀,使投資者得以以當時的市場價格(而非固定價格)重新銷售可登記證券的最大數量的可登記證券,包括但不限於《證券法》第415條款下,公司章程中可發行的普通股授權股數總額。初始登記聲明僅應登記可登記證券。投資者及其律師應有合理機會審查並對此類登記聲明以及提交給美國證券交易委員會的任何修訂或補充登記聲明和任何相關招股說明書提出意見,公司應充分考慮所有合理意見。投資者應提供公司合理要求用於納入其中的所有信息。公司應在本日起九十(90)個自然日內(或在本日起九十(90)個自然日前的最早可能日期)使登記聲明由美國證券交易委員會宣佈生效,並使任何隨後宣佈生效的登記聲明修訂案在最早可能日期起生效。公司應維持登記聲明的有效性,包括但不限於根據《證券法》下公佈的第415條規定,並隨時可供投資者以所有可登記證券進行再銷售,直至投資者出售所有可登記證券和根據購買協議規定的「最大承諾金額」(已在購買協議中定義)由公司根據登記聲明下調。註冊期註冊聲明(包括任何修訂或補充以及其中包含的招股說明書)不得包含任何關於實質事實的虛假陳述,也不得有遺漏未在其中陳述的重大事實,或者有必要使其中的陳述,在製作時的情況下,不會誤導。如果(i)註冊聲明或新註冊聲明(如下所定義)在初始生效後變得陳舊,且(ii)投資者仍持有任何需登記的證券,則公司應立即提交一項或多項後生效修正案,以便便利SEC對該註冊聲明或新註冊聲明的生效宣告。
b. 規則 424招股說明書公司應根據適用的證券法規定,及時向SEC備案(在任何情況下,儘可能早地),根據《證券法》制定的424號規則,備有招股說明書和招股說明書補充資料,如有的話,用於與註冊申報書下的可註冊證券銷售有關。公司應在SEC宣佈註冊申報書生效的同一天備案這樣的初步招股說明書,涉及投資者銷售可註冊證券。投資者及其顧問應有合理機會審閱和評論此招股說明書在提交SEC備案之前,公司應充分考慮所有這些評論。投資者應盡最大努力在投資者收到此招股說明書最終未備案版本的第二個營業日內對此招股說明書發表評論。
2
c. 足夠的 已註冊的股份數量. 如果登記聲明中可用的股份數量不足以覆蓋 所有註冊證券,公司應修訂登記聲明或提交一份新的登記聲明(“新的 註冊聲明”),以便儘快覆蓋所有這些註冊證券(受限於第 2(a)節中規定的限制),但在任何情況下不得超過必要情況出現後的十(10)個工作日,受限於證券交易委員會根據證券法第415條款可能施加的任何限制。公司應盡其合理最大努力 使該修訂和/或新登記聲明在提交後儘快生效。如果任何註冊證券未包含在登記聲明中,或未包含在任何新 登記聲明中,而公司根據證券法提交任何其他登記聲明(除了在S-4表格、S-8表格中,或與其他員工相關計劃或權利發行相關的)("其他註冊聲明“),那麼公司應將剩餘的註冊證券包括在該其他登記聲明中。公司同意,不得提交任何 此類其他登記聲明,除非所有註冊證券已包含在該其他登記聲明中或如上所述已被註冊出售。
d. 提供。如果員工 美國證券交易委員會的(”工作人員”)或者美國證券交易委員會試圖根據根據註冊聲明描述任何發行的特點 將本協議視爲不允許此類註冊聲明生效和生效的證券發行 用於投資者根據規則415以當時的市場價格(非固定價格)進行轉售,或者在提交申請後 根據第2(a)條向美國證券交易委員會提交的初始註冊聲明,否則工作人員或美國證券交易委員會要求公司減少 此類初始註冊聲明中包含的可註冊證券的數量,則公司應減少可註冊證券的數量 此類初始註冊聲明中應包含的證券(事先徵得同意,不得無理扣留) 投資者及其法律顧問(關於從中刪除的特定可註冊證券),直到工作人員和 美國證券交易委員會應允許此類註冊聲明生效並按上述方式使用。如果《可註冊資格》有任何減少 證券根據本款,公司應根據第2(c)條提交一份或多份新註冊聲明 直到所有可註冊證券都包含在已宣佈生效的註冊聲明中爲止 其中包含的招股說明書可供投資者使用。儘管此處或購買協議中有任何規定 相反,公司註冊可註冊證券的義務(以及與投資者義務相關的任何條件) 在必要時應具備符合本第 2 (d) 節所述美國證券交易委員會或工作人員的任何要求的資格。
3. 相關義務.
就註冊聲明而言,每當有可註冊證券根據第2條進行註冊,包括在任何新的註冊聲明中,公司應盡其合理的努力按照擬定的處置方式註冊可註冊證券,並根據此,公司應承擔以下義務:
a. 公司應準備並向證券交易委員會(SEC)提交必要的修正案(包括後效修正案)以及與該註冊聲明相關的任何招股說明書的補充,且該招股說明書應根據證券法第424條規定提交,以保持註冊聲明或任何新註冊聲明在註冊期內始終有效,並在此期間遵守證券法關於公司所有可註冊證券的處置條款,直到所有可註冊證券按照出售方或出售方在該註冊聲明中所列明的擬處置方式被處置完畢。
3
b. The Company shall permit the Investor to review and comment upon the Registration Statement or any New Registration Statement and all amendments and supplements thereto at least two (2) Business Days prior to their filing with the SEC, and not file any document in a form to which Investor reasonably objects. The Investor shall use its reasonable best efforts to comment upon the Registration Statement or any New Registration Statement and any amendments or supplements thereto within two (2) Business Days from the date the Investor receives the final version thereof. The Company shall furnish to the Investor, without charge any correspondence from the SEC or the staff of the SEC to the Company or its representatives relating to the Registration Statement or any New Registration Statement.
c. Upon request of the Investor, the Company shall furnish to the Investor, (i) promptly after the same is prepared and filed with the SEC, at least one copy of such registration statement and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits, (ii) upon the effectiveness of any registration statement, a copy of the prospectus included in such registration statement and all amendments and supplements thereto (or such other number of copies as the Investor may reasonably request) and (iii) such other documents, including copies of any preliminary or final prospectus, as the Investor may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities owned by the Investor. For the avoidance of doubt, any filing available to the Investor via the SEC’s live EDGAR system shall be deemed “furnished to the Investor” hereunder.
d. The Company shall use reasonable best efforts to (i) register and qualify the Registrable Securities covered by a registration statement under such other securities or “blue sky” laws of such jurisdictions in the United States as the Investor reasonably requests, (ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (x) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3(d), (y) subject itself to general taxation in any such jurisdiction, or (z) file a general consent to service of process in any such jurisdiction. The Company shall promptly notify the Investor who holds Registrable Securities of the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threatening of any proceeding for such purpose.
e.當公司在察覺到該等事件或事實後,應儘快以書面形式通知投資者所發生的任何事件或該等事實的存在,導致當時有效的任何申報文件所包含的說明書包括對一項重大事實的虛假陳述或遺漏了必須在其中陳述的一項重大事實或必要的以使在其發布時根據其是作出的情況來看不具誤導性的陳述,並及時準備一份增補或修正該等申報文件以及/或採取任何其他必要措施(若符合適用SEC規則和法規,可能包括公司應向SEC根據《交易法》第13(a)、13(c)、14或15(d)條提交的文件並應被引用於說明書中)來糾正該虛假陳述或遺漏,並將該增補或修正的副本交付投資者(或投資者可能合理要求的其他份數)。公司還應立即書面通知投資者(i)申報書或任何說明書增補或後續有效修正已被提交以及何時已生效(應於同一天以電子郵件向投資者發送有效性通知,並以隔夜郵件寄出),(ii)SEC要求對任何申報書或相關說明書或相關資料進行修正或增補,以及(iii)公司合理認定應對申報書進行後續有效修正。
4
f. 公司應盡合理努力防止發出任何止損市價單或其他停止任何註冊聲明生效,或暫停任何可登記證券在任何司法管轄區出售的資格,並在發出這種命令或暫停的情況下,盡快獲得收回該命令或暫停的機會,並通知投資者發出該命令以及解決過程,或者收到任何為此目的啟動或威脅進行的實際通知。
g. 公司應(i)確保所有可登記證券在任何證券交易所上市,並確保該交易所根據公司當時已上市的同類或同一 series 證券的規則允許登記證券在該交易所上市;或者(ii)在主要市場(依據購買協議的定義)獲得所有可登記證券的指定和報價。公司應支付所有與履行本條款下義務有關的費用和支出。
h. 公司應與投資者合作,以促進及及時地準備和交付可登記證券(不帶任何限制性標籤),無論是透過DWAC、DRS或以紙本形式,若DWAC或DRS不可用,以便根據任何登記聲明供提供,並使這些可登記證券以投資者合理要求的面額或金額及投資者要求的名義註冊。
i. 公司應時刻向股票過戶代理人和登記處提供其普通股相關資訊。
j. 如果投資者合理要求,公司應立即將投資者覺得應納入的有關可登記證券的銷售和分發資訊,在不限於有關正在銷售的可登記證券數量、支付的購買價格及該等可登記證券的發行條款等方面,納入招股書補充說明書或後續生效修改案中;盡快根據通知納入招股書補充說明書或後續生效修改案所需的一切提交;並補充或進行任何登記聲明的修改。
k. 公司將盡合理努力使任何登記申報文件覆蓋的可登記證券註冊並經其他必要的政府機構或當局核准,以完成對這些可登記證券的處分。
l. 在美國證券交易委員會(SEC)命令任何包括可登記證券的登記聲明生效後的一(1)個業務日內,公司應交付,並且應致使公司的法律顧問交付,向這些可登記證券的過戶代理人(抄送投資者)確認該等登記聲明已被SEC宣告生效,形式如附表所示。 附件展示A. 其後,如果投資者在任何時候要求,公司應要求其顧問向投資者發送書面確認,無論何時因任何原因(包括但不限於發布止損市價單)該登記聲明的有效性已無效,以及該登記聲明是否時刻保持最新且供投資者全部可登記證券交易可用。
公司應採取所有其他合理行動,以加快並促進投資者根據任何登記申報表處置可登記證券。
5
4. 投資者的責任.
a. 公司應以書面形式通知投資者有關本協議下公司合理需要從投資者處獲取的信息。投資者應向公司提供有關其本身、其持有的可登記證券以及其持有的可登記證券的預期處分方法的信息,該等信息應在合理範圍內以使可登記證券得以登記,並應就該等登記而涉及的文件,執行公司合理要求的文件。
b. 投資者同意在此方面合作,如公司合理要求協助準備和申報任何登記聲明。
c. 投資者同意,一旦收到公司關於發生第3(f)條或第3(e)條第一句描述之事件或事實的任何通知,投資者將立即停止根據任何覆蓋該註冊證券的註冊聲明出售可註冊證券,直至投資者收到第3(f)條或第3(e)條第一句中提到的補充或修改招股書之副本。儘管相反,公司將致使其過戶代理按照購買協議的條款及與投資者已僅簽署銷售合同但尚未結算可註冊證券銷售有關的通知,以及投資者已未收到公司關於發生第3(f)條或第3(e)條第一句描述之事件的通知。
5. 註冊 費用.
所有合理費用,除非與第2條和第3條的登記、申報或資格有關的費用,包括但不限於所有的登記、上市和資格費用、印刷和會計費用,以及公司顧問的費用和支出,都應由公司支付。
6. 賠償.
一、至 本公司將在法律允許的最大範圍內,並且在此對投資者、每個人作出賠償、保護及保障投資者、 如有,控制投資者、成員、董事、官員、合夥人、員工、代理人、投資者代表的人 以及在《證券法》或 1934 年證券交易所法的意義下控管投資者的每個人(如有),為 修訂後 (」交易法」)(每個,一個」受賠償人士」),針對任何損失,索償,損害,責任, 判決、罰款、罰款、收費、費用、律師費、結算或開支所支付的金額,聯合或多項,(統一, 」索償」) 因調查、準備或辯護任何訴訟、索賠、訴訟、調查、程序、調查而產生 或向任何法院或政府、行政或其他監管機構、機構或 SEC 向上述提出的上訴, 是否處理或受到威脅,受賠償的一方是否是或可能是其一方(」賠償的損害」), 在有關上述索償(或有關的行為或訴訟或程序(無論是已開始或受威脅),其中任何人都可能受到的受害 其)出於或基於以下原因:(i) 註冊聲明中有關重大事實的任何不真實聲明或被稱為不真實陳述, 任何新註冊聲明或其生效後的任何修訂,或與資格資格有關的任何文件提交的文件 根據提供可登記證券的任何司法管轄區的證券或其他「藍天」法律發售(」藍色 天空檔案」)、或遺漏或指稱遺漏說明必須在其中註明或必須作出的重要事實 其中的陳述不具誤導性,(ii) 最終內容中包含有關重大事實的任何不真實陳述或被稱為不真實陳述 招股章程(如本公司向美國證券交易委員會提交其任何修訂或補充文件)或遺漏 或根據下述情況,指稱不在其中說明任何作出聲明所需的任何重大事實 其中的聲明是否作出誤導性,(iii) 公司違反或指稱違反《證券法》, 《交易所法》、任何其他法律,包括但不限於任何國家證券法,或其根據該法律有關的任何規則或規例 根據註冊聲明或任何新註冊聲明提供或出售有關登記證券,或 (iv) 任何 本公司嚴重違反本協議(上述第 (i) 至 (iv) 條中的事項集體為」違規行為」)。 本公司應盡快向每位受賠償人士發生及到期及應付的費用,即時向每位受賠償人士繳付任何合理的費用 他們因調查或辯護任何此類索償而產生的法律費用或其他合理費用。儘管如此 在本文所載的任何相反之處,本第 6 (a) 條所載的賠償協議:(i) 不適用於索償 由受賠償人士所引致或基於違規行為依賴及符合相關資料的違規行為 投資者由該受償人明確提供書面向本公司提供,以便與準備有關的使用 註冊聲明、任何新註冊聲明或其任何修訂或補充,如有關招股章程及時 本公司根據第 3 (c) 條或第 3 (e) 條提供;(ii) 就任何取代的招股章程,不得保留 為提出該等索償人士購買該項目的可登記證券的任何人士的利益 其中(或是控制該人的任何人士的利益),如果其中包含的不真實聲明或遺漏重大事實 如果修訂的招股章程及時已經修訂或補充,已經修訂的招股章程中已更正已取代的招股章程 本公司根據第 3 (c) 條或第 3 (e) 條提供,並立即以書面通知該受賠償人士不得 在使用導致違規行為前使用不正確的招股章程,以及該受賠償人士(儘管有關建議), 使用;(iii) 在該等索賠原因是投資者未能交付或導致交付的原因而無法提供 本公司提供的招股章程,如本公司根據第 3 (c) 條及時提供該招股章程,或 第 3 (e) 條;及 (iv) 條不適用於解決任何索償時支付的金額,如果該等解決未經事先書面書面進行 本公司的同意,該同意不得被無合理拒絕。無論如何,該等賠償仍保持全部有效和效力 由受賠償人士或代表該人進行的任何調查情況,並且在該等可登記證券轉讓後仍然存在 根據第 9 條的投資者。
6
b. Promptly after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by such counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding. The Indemnified Party or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action or claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the consent of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to such claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend such action.
c. The indemnification required by this Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or Indemnified Damages are incurred.
d. The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to the law.
7. CONTRIBUTION.
To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided, however, that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.
8. REPORTS AND DISCLOSURE UNDER THE SECURITIES ACTS.
With a view to making available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any other similar rule or regulation of the SEC that may at any time permit the Investor to sell securities of the Company to the public without registration (“Rule 144”), the Company agrees, at the Company’s sole expense, to:
a. make and keep public information available, as those terms are understood and defined in Rule 144;
7
b. file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act so long as the Company remains subject to such requirements and the filing of such reports and other documents is required for the applicable provisions of Rule 144;
c. furnish to the Investor so long as the Investor owns Registrable Securities, promptly upon request, (i) a written statement by the Company that it has complied with the reporting and or disclosure provisions of Rule 144, the Securities Act and the Exchange Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without registration; and
d. take such additional action as is requested by the Investor to enable the Investor to sell the Registrable Securities pursuant to Rule 144, including, without limitation, delivering all such legal opinions, consents, certificates, resolutions and instructions to the Company’s transfer agent as may be requested from time to time by the Investor and otherwise fully cooperate with Investor and Investor’s broker to effect such sale of securities pursuant to Rule 144.
The Company agrees that damages may be an inadequate remedy for any breach of the terms and provisions of this Section 8 and that Investor shall, whether or not it is pursuing any remedies at law, be entitled to equitable relief in the form of a preliminary or permanent injunctions, without having to post any bond or other security, upon any breach or threatened breach of any such terms or provisions.
9. ASSIGNMENT OF REGISTRATION RIGHTS.
The Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Investor.
10. AMENDMENT OF REGISTRATION RIGHTS.
No provision of this Agreement may be amended or waived by the parties from and after the date that is one Business Day immediately preceding the initial filing of the Registration Statement with the SEC. Subject to the immediately preceding sentence, no provision of this Agreement may be (i) amended other than by a written instrument signed by both parties hereto or (ii) waived other than in a written instrument signed by the party against whom enforcement of such waiver is sought. 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.
11. MISCELLANEOUS.
a. A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered owner of such Registrable Securities.
8
b. Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by email (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one (1) Business Day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same. The addresses for such communications shall be:
If to the Company, to:
SIYATA MOBILE INC.
7404 King George Blvd., Suite 200, King’s Cross
Surrey, British Columbia V3W 1N6, Canada
Email: marc@siyata.net
Attention: Marc Seelenfreund
If to the Investor:
HUDSON GLOBAL VENTURES, LLC
____________________________
____________________________
e-mail: info@hudsonventuresllc.com
or at such other address, email address, and/or to the attention of such other person as the recipient party has specified by written notice given to each other party three (3) Business Days prior to the effectiveness of such change. Written confirmation of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically generated by the sender’s email account containing the time, date, recipient email address, as applicable, and an image of the first page of such transmission or (C) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.
c. Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state or federal courts sitting in Clark County, Nevada. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in Clark County, Nevada for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of this Agreement), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. If either party shall commence an action, suit or proceeding to enforce any provisions of this Agreement, then the prevailing party in such action, suit or proceeding shall be reimbursed by the other party for its reasonable attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.
d. This Agreement, the Purchase Agreement, and all other ancillary documentation entered into between the Company and Investor therewith constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein. This Agreement, the Purchase Agreement, and all other ancillary documentation entered into between the Company and Investor therewith supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof.
e. Subject to the requirements of Section 9, this Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties hereto.
9
f. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.
g. This Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by e-mail in a “.pdf” format data file of a copy of this Agreement bearing the signature of the party so delivering this Agreement.
h. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.
i. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no rules of strict construction will be applied against any party.
j. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.
* * * * * *
10
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of day and year first above written.
THE COMPANY:
SIYATA MOBILE INC.
By: | |||
Name: | MARC SEELENFREUND | ||
Title: | CHIEF EXECUTIVE OFFICER |
INVESTOR:
HUDSON GLOBAL VENTURES, LLC
By: | |||
Name: | |||
Title: |
[Signature Page to registration rights agreement]
11
EXHIBIT A
TO REGISTRATION RIGHTS AGREEMENT
FORM OF NOTICE OF EFFECTIVENESS
OF REGISTRATION STATEMENT
______, 2024
________________
________________
________________
Re: Effectiveness of Registration Statement
Ladies and Gentlemen:
We are counsel to SIYATA MOBILE INC., a British Columbia corporation (the “Company”), and have represented the Company in connection with that certain Purchase Agreement, dated as of October 21, 2024 (the “Purchase Agreement”), entered into by and between the Company and HUDSON GLOBAL VENTURES, LLC, a Nevada limited liability company (the “Investor”) pursuant to which the Company has agreed to issue to the Investor common shares of the Company, no par value per share (the “Common Shares”), in an amount up to Seven Million Dollars ($7,000,000.00) (the “Put Shares”) as well as the Common Shares issuable upon conversion of the Commitment Shares (as defined in the Purchase Agreement) (the “Commitment Shares”) in accordance with the terms of the Purchase Agreement. In connection with the transactions contemplated by the Purchase Agreement, the Company has registered with the U.S. Securities & Exchange Commission the following Common Shares:
(1) | __________ Put Shares to be issued to the Investor by the Company in accordance with the Purchase Agreement; and |
(2) | __________ Common Shares issuable upon conversion of the Commitment Shares. |
Pursuant to the Purchase Agreement, the Company also has entered into a Registration Rights Agreement, of even date with the Purchase Agreement with the Investor (the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things, to register the Put Shares and Common Shares issuable upon conversion of the Commitment Shares under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Company’s obligations under the Purchase Agreement and the Registration Rights Agreement, on [_____], 2024, the Company filed a Registration Statement (File No. 333-________) (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) relating to the resale of the Put Shares and Common Shares issuable upon conversion of the Commitment Shares.
In connection with the foregoing, we advise you that a member of the SEC’s staff has advised us by telephone that the SEC has entered an order declaring the Registration Statement effective under the Securities Act at [_____] [A.M./P.M.] on [__________], 2024 and we have no knowledge, after telephonic inquiry of a member of the SEC’s staff, that any stop order suspending its effectiveness has been issued or that any proceedings for that purpose are pending before, or threatened by, the SEC and the Put Shares and Common Shares issuable upon conversion of the Commitment Shares are available for resale under the Securities Act pursuant to the Registration Statement and may be issued without any restrictive legend.
Very truly yours, | ||
[Company Counsel] | ||
By: | ||
cc: | HUDSON GLOBAL VENTURES, LLC |