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Piggy Back Registration

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Piggy Back Registration
The registration of a security in which an underwriter allows a new issue to be offered along with previously issued shares. A piggyback registration must occur with the permission of the relevant underwriter and be noted in the new issue's prospectus. Piggyback registration should not be confused with piggybacking, which is a different concept altogether.


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The warrants have piggy back registration rights and voting rights with respect to the shares of common stock issuable upon exercise of the warrants.
The shares issued in the transaction and underlying the warrants will be unregistered, but carry piggy back registration rights.
The acquisition is subject to final due diligence, a July 31, 2006 closing date, will require the Company to issue 200,000 restricted common shares in the capital of the Company with piggy back registration rights, and pay $250,000 to acquire the interest.
 
 
 
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