Piggyback Registration Right

Piggyback Registration Right. Shall mean the right to require Biovest International, Inc. to include the proportionate number of shares of the common stock underlying the Warrant to be covered by a Registration Statement filed by Biovest International, Inc. with the U.S. Securities and Exchange Commission as part of a registration statement covering shares of Biovest International, Inc owned of record by Accentia Biopharmaceuticals, Inc. The phrase the "proportionate number of the shares of common stock underlying the... Warrant" shall mean the greater of: (i) 200,000 shares of Biovest common stock or (ii) the number of shares underlying the Warrant on the calculation date divided by the number of shares of Biovest common stock owned by Accentia. To the extent that Accentia has engaged an underwriter to underwrite or place its shares of Biovest ("Accentia Underwriting") in connection with the registration of shares held by Accentia, Holder shall be permitted to participate in such Accentia Underwriting to the extent permitted by the underwriter and in such instance Holder shall pay all the proportionate share of all costs and expenses related to the underwriting and registration statement and all commissions, discounts and other underwriting or placement costs or expenses related to Holder's shares. The Piggy-Back Registration Right shall not give the Holder of the Warrant the right to require the shares underlying the Warrant to be covered by any registration statement filed by Biovest International, Inc. covering any shares other than share of common stock owned by Accentia Biopharmaceuticals, Inc. View More

Piggyback Registration Right. The right of a holder of any class of securities of the Company to register the resale of such securities pursuant to a registration initiated by the Company other than upon the demand of such holder.