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This excerpt taken from the APPX 8-K filed Jun 27, 2006. APP Registration Rights The holders of 56,861,089 shares of APP’s common stock, which includes shares held by ABI, are entitled to registration rights with respect to their shares. These holders may require APP to include their shares in APP registration statements and may require APP to register all or a portion of their shares. Upon registration, these shares generally would be freely tradable in the public market without restriction. Generally, all expenses in effecting these registration statements, with the exception of underwriting discounts and selling commissions, are to be borne by APP. These registration rights are subject to some conditions and limitations, among them the right of the underwriters of an offering to limit the number of shares included in a registration. APP agreed to indemnify the holders of these registration rights, and each selling holder has agreed to indemnify APP, against liabilities under the Securities Act, the Securities Exchange Act or other applicable federal or state law. |
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