REGISTRATION RIGHTS AGREEMENT
This Registration Rights Agreement is made and entered into as of the 31st day of January, 2001, by and among
Medi-Ject Corporation, a Minnesota corporation (the "Company") and Permatec Holding AG, a company
organized in Switzerland ("Permatec").
A. Permatec and the Company have entered into that certain Stock Purchase Agreement, dated as of July 14,
2000, as amended as of October 17, 2000 and as of November 30, 2000, (the "Purchase Agreement") by and
among Medi-Ject Corporation, Permatec Holding AG, Permatec Pharma AG, Permatec Technologie AG and
B. It is a condition to the transactions contemplated in the Purchase Agreement that the Company provide the
registration rights provided herein and the parties hereto desire to provide for such rights on the terms and
conditions contained herein.
NOW, THEREFORE, in consideration of the premises and covenants contained herein, the parties hereto agree
1. Defined Terms. Unless otherwise noted, all capitalized terms used herein shall have the meanings afforded
them in the Purchase Agreement.
2. Registration Rights. The Company covenants and agrees as follows:
2.1 Piggyback Registration. If the Company proposes to claim an exemption under Section 3(b) for a public
offering of any of its securities or to register under the Securities Act of 1933 (the "Securities Act") (except by a
claim of exemption or registration statement on a form that does not permit the inclusion of shares by its security
holders) any of its securities, it will give written notice to Permatec as the registered holder of shares of Common
Stock of the Company received under the Purchase Agreement (the "Shares") (Shares referred to herein as
"Registrable Stock") of its intention to do so and, on the written request of Permatec given within twenty (20)
days after receipt of any such notice, the Company will cause all shares of Registrable Stock as to which
Permatec has requested registration,