EX-10.2 3 ea021868201ex10-2_siyata.htm REGISTRATION RIGHTS AGREEMENT DATED OCTOBER 21, 2024

展品10.2

 

注册权协议

 

注册权协议 (此“协议”),于2024年10月21日签署,由之间 SIYATA MOBILE INC., 一家英属哥伦比亚公司 ("公司 hudson global ventures,有限责任公司, 内华达州有限责任公司 (以及其允许的受让人,“投资者”)。在本文件中使用的大写字母术语,如未在本文件中另有定义,应具有双方之间日期的股权购买协议中规定的各自含义(根据自本日起修订、重订、补充或以其他方式修改的形式)。购买协议”).

 

鉴于:

 

公司已同意在购买协议的条款和条件下,向投资者出售多达七百万美元($7,000,000.00)的看跌股票(如购买协议中定义),并且为诱使投资者签订购买协议,公司已同意根据1933年修订版的《证券法》及其下属规则和规定,或类似的后继法规(统称“证券法并适用州证券法。

 

因此, 鉴于本协议中包含的承诺和相互契约以及其他良好和有价值的考虑,公司和投资者在此确认收到并认可这些考虑的充分性,特此同意如下:

 

1. 定义.

 

本协议中所使用的以下术语应具有以下含义:

 

a. “投资者如上所述。 应按上文所述含义理解。

 

b. “持有表示任何个人或实体,包括但不限于任何公司、有限责任公司、协会、合伙企业、组织、企业、个人、政府或政治行政区划或政府机构。

 

c. “注册,” “注册的我们无法保证,我们将在与此招股书相关的证券发行中收到任何收益。除非适用的招股说明书另有说明,否则我们打算将在本招股书下出售的证券的任何净收益用于我们的运营、进一步开发和商业化我们的产品候选者、其他普通企业用途,可能包括但不限于营运资本、知识产权保护和执行、资本支出、偿还债务和合作伙伴关系,以及获得、许可或投资于新业务、产品候选者和技术的成本。我们还没有确定我们计划在上述任何领域中花费的金额或支出的时间。因此,我们的管理层将对根据此招股书出售的证券所收到的任何资金拥有广泛的自由裁量权,以用于任何目的。在应用上述方式前,我们可能会根据我们的现金管理政策,最初将净收益投资于短期投资级或带息证券。本招股书销售的证券的收益使用的其他信息可能在与该发行有关的招股说明书中表述。登记“”指准备并提交公司的一个或 多个注册声明,以符合《证券法》要求和/或根据《证券法》第415条规定或任何连续发行证券的后续规则(“规则415”),以及美国证券交易委员会(“SEC”).

 

d. “可注册证券“看跌”意味着所有已发行或可能不时发行的看跌股票,包括但不限于根据购买协议定义的所有普通股(“普通股”),已经发行或将要发行给投资者的普通股(不考虑任何受益所有权或购买限制),以及所有根据购买协议定义的承诺股(“承诺股”)换股而来的普通股(“承诺股份”)可能不时发行给投资者,不考虑任何受益所有权或购买限制,并作为任何股票分拆、股票股利、资本重组、交换或类似事件或其他事件的结果发行给投资者的普通股,不考虑购买协议中的受益所有权限制或承诺股的权利和设计。

 

 

 

 

e. “注册声明书“”表示公司的一份或多份注册声明。

 

2. 注册.

 

a. 必填 注册。 公司应在本协议生效之日起四十五(45)个自然日内向美国证券交易委员会提交一份初始登记声明,覆盖可根据适用美国证券交易委员会规则、条例和解读,使投资者得以以当时的市场价格(而非固定价格)重新销售可登记证券的最大数量的可登记证券,包括但不限于《证券法》第415条款下,公司章程中可发行的普通股授权股数总额。初始登记声明仅应登记可登记证券。投资者及其律师应有合理机会审查并对此类登记声明以及提交给美国证券交易委员会的任何修订或补充登记声明和任何相关招股说明书提出意见,公司应充分考虑所有合理意见。投资者应提供公司合理要求用于纳入其中的所有信息。公司应在本日起九十(90)个自然日内(或在本日起九十(90)个自然日前的最早可能日期)使登记声明由美国证券交易委员会宣布生效,并使任何随后宣布生效的登记声明修订案在最早可能日期起生效。公司应维持登记声明的有效性,包括但不限于根据《证券法》下公布的第415条规定,并随时可供投资者以所有可登记证券进行再销售,直至投资者出售所有可登记证券和根据购买协议规定的“最大承诺金额”(已在购买协议中定义)由公司根据登记声明下调。注册期注册声明(包括任何修订或补充以及其中包含的招股说明书)不得包含任何关于实质事实的虚假陈述,也不得有遗漏未在其中陈述的重大事实,或者有必要使其中的陈述,在制作时的情况下,不会误导。如果(i)注册声明或新注册声明(如下所定义)在初始生效后变得陈旧,且(ii)投资者仍持有任何需登记的证券,则公司应立即提交一项或多项后生效修正案,以便便利SEC对该注册声明或新注册声明的生效宣告。

 

b. 规则 424招股说明书公司应根据适用的证券法规定,及时向SEC备案(在任何情况下,尽可能早地),根据《证券法》制定的424号规则,备有招股说明书和招股说明书补充资料,如有的话,用于与注册申报书下的可注册证券销售有关。公司应在SEC宣布注册申报书生效的同一天备案这样的初步招股说明书,涉及投资者销售可注册证券。投资者及其顾问应有合理机会审阅和评论此招股说明书在提交SEC备案之前,公司应充分考虑所有这些评论。投资者应尽最大努力在投资者收到此招股说明书最终未备案版本的第二个营业日内对此招股说明书发表评论。

 

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c. 足够的 已注册的股份数量. 如果登记声明中可用的股份数量不足以覆盖 所有注册证券,公司应修订登记声明或提交一份新的登记声明(“新的 注册声明”),以便尽快覆盖所有这些注册证券(受限于第 2(a)节中规定的限制),但在任何情况下不得超过必要情况出现后的十(10)个工作日,受限于证券交易委员会根据证券法第415条款可能施加的任何限制。公司应尽其合理最大努力 使该修订和/或新登记声明在提交后尽快生效。如果任何注册证券未包含在登记声明中,或未包含在任何新 登记声明中,而公司根据证券法提交任何其他登记声明(除了在S-4表格、S-8表格中,或与其他员工相关计划或权利发行相关的)("其他注册声明“),那么公司应将剩余的注册证券包括在该其他登记声明中。公司同意,不得提交任何 此类其他登记声明,除非所有注册证券已包含在该其他登记声明中或如上所述已被注册出售。

 

d. 提供。如果员工 美国证券交易委员会的(”工作人员”)或者美国证券交易委员会试图根据根据注册声明描述任何发行的特点 将本协议视为不允许此类注册声明生效和生效的证券发行 用于投资者根据规则415以当时的市场价格(非固定价格)进行转售,或者在提交申请后 根据第2(a)条向美国证券交易委员会提交的初始注册声明,否则工作人员或美国证券交易委员会要求公司减少 此类初始注册声明中包含的可注册证券的数量,则公司应减少可注册证券的数量 此类初始注册声明中应包含的证券(事先征得同意,不得无理扣留) 投资者及其法律顾问(关于从中删除的特定可注册证券),直到工作人员和 美国证券交易委员会应允许此类注册声明生效并按上述方式使用。如果《可注册资格》有任何减少 证券根据本款,公司应根据第2(c)条提交一份或多份新注册声明 直到所有可注册证券都包含在已宣布生效的注册声明中为止 其中包含的招股说明书可供投资者使用。尽管此处或购买协议中有任何规定 相反,公司注册可注册证券的义务(以及与投资者义务相关的任何条件) 在必要时应具备符合本第 2 (d) 节所述美国证券交易委员会或工作人员的任何要求的资格。

 

3. 相关义务.

 

就注册声明而言,每当有可注册证券根据第2条进行注册,包括在任何新的注册声明中,公司应尽其合理的努力按照拟定的处置方式注册可注册证券,并根据此,公司应承担以下义务:

 

a. 公司应准备并向证券交易委员会(SEC)提交必要的修正案(包括后效修正案)以及与该注册声明相关的任何招股说明书的补充,且该招股说明书应根据证券法第424条规定提交,以保持注册声明或任何新注册声明在注册期内始终有效,并在此期间遵守证券法关于公司所有可注册证券的处置条款,直到所有可注册证券按照出售方或出售方在该注册声明中所列明的拟处置方式被处置完毕。

 

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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.当公司在察觉到该等事件或事实后,应尽快以书面形式通知投资者所发生的任何事件或该等事实的存在,导致当时有效的任何申报文件所包含的说明书包括对一项重大事实的虚假陈述或遗漏了必须在其中陈述的一项重大事实或必要的以使在其发布时根据其是作出的情况来看不具误导性的陈述,并及时准备一份增补或修正该等申报文件以及/或采取任何其他必要措施(若符合适用SEC规则和法规,可能包括公司应向SEC根据《交易法》第13(a)、13(c)、14或15(d)条提交的文件并应被引用于说明书中)来纠正该虚假陈述或遗漏,并将该增补或修正的副本交付投资者(或投资者可能合理要求的其他份数)。公司还应立即书面通知投资者(i)申报书或任何说明书增补或后续有效修正已被提交以及何时已生效(应于同一天以电子邮件向投资者发送有效性通知,并以隔夜邮件寄出),(ii)SEC要求对任何申报书或相关说明书或相关资料进行修正或增补,以及(iii)公司合理认定应对申报书进行后续有效修正。

 

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f. 公司应尽合理努力防止发出任何止损市价单或其他停止任何注册声明生效,或暂停任何可登记证券在任何司法管辖区出售的资格,并在发出这种命令或暂停的情况下,尽快获得收回该命令或暂停的机会,并通知投资者发出该命令以及解决过程,或者收到任何为此目的启动或威胁进行的实际通知。

 

g. 公司应(i)确保所有可登记证券在任何证券交易所上市,并确保该交易所根据公司当时已上市的同类或同一 series 证券的规则允许登记证券在该交易所上市;或者(ii)在主要市场(依据购买协议的定义)获得所有可登记证券的指定和报价。公司应支付所有与履行本条款下义务有关的费用和支出。

 

h. 公司应与投资者合作,以促进及及时地准备和交付可登记证券(不带任何限制性标签),无论是透过DWAC、DRS或以纸本形式,若DWAC或DRS不可用,以便根据任何登记声明供提供,并使这些可登记证券以投资者合理要求的面额或金额及投资者要求的名义注册。

 

i. 公司应时刻向股票过户代理人和登记处提供其普通股相关资讯。

 

j. 如果投资者合理要求,公司应立即将投资者觉得应纳入的有关可登记证券的销售和分发资讯,在不限于有关正在销售的可登记证券数量、支付的购买价格及该等可登记证券的发行条款等方面,纳入招股书补充说明书或后续生效修改案中;尽快根据通知纳入招股书补充说明书或后续生效修改案所需的一切提交;并补充或进行任何登记声明的修改。

 

k. 公司将尽合理努力使任何登记申报文件覆盖的可登记证券注册并经其他必要的政府机构或当局核准,以完成对这些可登记证券的处分。

 

l. 在美国证券交易委员会(SEC)命令任何包括可登记证券的登记声明生效后的一(1)个业务日内,公司应交付,并且应致使公司的法律顾问交付,向这些可登记证券的过户代理人(抄送投资者)确认该等登记声明已被SEC宣告生效,形式如附表所示。 附件展示A. 其后,如果投资者在任何时候要求,公司应要求其顾问向投资者发送书面确认,无论何时因任何原因(包括但不限于发布止损市价单)该登记声明的有效性已无效,以及该登记声明是否时刻保持最新且供投资者全部可登记证券交易可用。

 

公司应采取所有其他合理行动,以加快并促进投资者根据任何登记申报表处置可登记证券。

 

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4. 投资者的责任.

 

a. 公司应以书面形式通知投资者有关本协议下公司合理需要从投资者处获取的信息。投资者应向公司提供有关其本身、其持有的可登记证券以及其持有的可登记证券的预期处分方法的信息,该等信息应在合理范围内以使可登记证券得以登记,并应就该等登记而涉及的文件,执行公司合理要求的文件。

 

b. 投资者同意在此方面合作,如公司合理要求协助准备和申报任何登记声明。

 

c. 投资者同意,一旦收到公司关于发生第3(f)条或第3(e)条第一句描述之事件或事实的任何通知,投资者将立即停止根据任何覆盖该注册证券的注册声明出售可注册证券,直至投资者收到第3(f)条或第3(e)条第一句中提到的补充或修改招股书之副本。尽管相反,公司将致使其过户代理按照购买协议的条款及与投资者已仅签署销售合同但尚未结算可注册证券销售有关的通知,以及投资者已未收到公司关于发生第3(f)条或第3(e)条第一句描述之事件的通知。

 

5. 注册 费用.

 

所有合理费用,除非与第2条和第3条的登记、申报或资格有关的费用,包括但不限于所有的登记、上市和资格费用、印刷和会计费用,以及公司顾问的费用和支出,都应由公司支付。

 

6. 赔偿.

 

一、至 本公司将在法律允许的最大范围内,并且在此对投资者、每个人作出赔偿、保护及保障投资者、 如有,控制投资者、成员、董事、官员、合伙人、员工、代理人、投资者代表的人 以及在《证券法》或 1934 年证券交易所法的意义下控管投资者的每个人(如有),为 修订后 (」交易法」)(每个,一个」受赔偿人士」),针对任何损失,索偿,损害,责任, 判决、罚款、罚款、收费、费用、律师费、结算或开支所支付的金额,联合或多项,(统一, 」索偿」) 因调查、准备或辩护任何诉讼、索赔、诉讼、调查、程序、调查而产生 或向任何法院或政府、行政或其他监管机构、机构或 SEC 向上述提出的上诉, 是否处理或受到威胁,受赔偿的一方是否是或可能是其一方(」赔偿的损害」), 在有关上述索偿(或有关的行为或诉讼或程序(无论是已开始或受威胁),其中任何人都可能受到的受害 其)出于或基于以下原因:(i) 注册声明中有关重大事实的任何不真实声明或被称为不真实陈述, 任何新注册声明或其生效后的任何修订,或与资格资格有关的任何文件提交的文件 根据提供可登记证券的任何司法管辖区的证券或其他「蓝天」法律发售(」蓝色 天空档案」)、或遗漏或指称遗漏说明必须在其中注明或必须作出的重要事实 其中的陈述不具误导性,(ii) 最终内容中包含有关重大事实的任何不真实陈述或被称为不真实陈述 招股章程(如本公司向美国证券交易委员会提交其任何修订或补充文件)或遗漏 或根据下述情况,指称不在其中说明任何作出声明所需的任何重大事实 其中的声明是否作出误导性,(iii) 公司违反或指称违反《证券法》, 《交易所法》、任何其他法律,包括但不限于任何国家证券法,或其根据该法律有关的任何规则或规例 根据注册声明或任何新注册声明提供或出售有关登记证券,或 (iv) 任何 本公司严重违反本协议(上述第 (i) 至 (iv) 条中的事项集体为」违规行为」)。 本公司应尽快向每位受赔偿人士发生及到期及应付的费用,即时向每位受赔偿人士缴付任何合理的费用 他们因调查或辩护任何此类索偿而产生的法律费用或其他合理费用。尽管如此 在本文所载的任何相反之处,本第 6 (a) 条所载的赔偿协议:(i) 不适用于索偿 由受赔偿人士所引致或基于违规行为依赖及符合相关资料的违规行为 投资者由该受偿人明确提供书面向本公司提供,以便与准备有关的使用 注册声明、任何新注册声明或其任何修订或补充,如有关招股章程及时 本公司根据第 3 (c) 条或第 3 (e) 条提供;(ii) 就任何取代的招股章程,不得保留 为提出该等索偿人士购买该项目的可登记证券的任何人士的利益 其中(或是控制该人的任何人士的利益),如果其中包含的不真实声明或遗漏重大事实 如果修订的招股章程及时已经修订或补充,已经修订的招股章程中已更正已取代的招股章程 本公司根据第 3 (c) 条或第 3 (e) 条提供,并立即以书面通知该受赔偿人士不得 在使用导致违规行为前使用不正确的招股章程,以及该受赔偿人士(尽管有关建议), 使用;(iii) 在该等索赔原因是投资者未能交付或导致交付的原因而无法提供 本公司提供的招股章程,如本公司根据第 3 (c) 条及时提供该招股章程,或 第 3 (e) 条;及 (iv) 条不适用于解决任何索偿时支付的金额,如果该等解决未经事先书面书面进行 本公司的同意,该同意不得被无合理拒绝。无论如何,该等赔偿仍保持全部有效和效力 由受赔偿人士或代表该人进行的任何调查情况,并且在该等可登记证券转让后仍然存在 根据第 9 条的投资者。

 

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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;

 

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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.

 

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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.

 

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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.

 

* * * * * *

 

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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]

 

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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