Georgia Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9138
• Format: Word; Rich Text

Description

Amendment No. 2 to Registration Rights Agreement between Turnstone Systems, Inc. and purchaser dated January 12, 1998. 4 pages Georgia Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the specific terms and conditions regarding the registration rights of purchasers of common shares of Visible Genetics, Inc. The agreement aims to protect the rights and interests of the purchasers in relation to their investment in the company. Keywords: Georgia Amendment No. 2, Registration Rights Agreement, Visible Genetics, Inc., purchasers, common shares, company. This particular amendment serves as an update or modification to a previously existing agreement, amending specific provisions or addressing new issues that have arisen since the initial agreement was made. It ensures that the rights and obligations of both Visible Genetics, Inc. and its purchasers are appropriately adjusted or clarified. Under the Georgia Amendment No. 2, the following types of provisions or modifications may be addressed: 1. Registration provisions: The amendment may include provisions related to the registration of the common shares purchased by the investors. It may specify the timeline, process, and requirements for the company to register the shares with the appropriate regulatory authorities. 2. Piggyback rights: The amendment may grant or modify piggyback registration rights, which allow the purchasers to include their shares in a registration statement filed by the company. This provision enables the shareholders to sell their shares alongside the company's primary offering, providing liquidity to their investment. 3. Demand registration rights: The amendment may include provisions enabling the purchasers to request the company to register their shares for public sale. This gives the shareholders the opportunity to sell their shares under specific conditions outlined in the agreement. 4. S-3 eligibility: The amendment may address the eligibility criteria for the company to use Form S-3 under the Securities Act of 1933 for registering the shares. This eligibility allows for a simplified and expedited process for registering and offering securities to the public. 5. Indemnification: The amendment may establish the rights and responsibilities for indemnification, protecting the purchasers from any potential losses or damages incurred as a result of the registration process. Overall, the Georgia Amendment No. 2 to Registration Rights Agreement reflects the ongoing adjustments and updates necessary to meet the changing needs within Visible Genetics, Inc. and the interests of its purchasers. It ensures transparency, fairness, and protection for both parties involved in the agreement.

Georgia Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the specific terms and conditions regarding the registration rights of purchasers of common shares of Visible Genetics, Inc. The agreement aims to protect the rights and interests of the purchasers in relation to their investment in the company. Keywords: Georgia Amendment No. 2, Registration Rights Agreement, Visible Genetics, Inc., purchasers, common shares, company. This particular amendment serves as an update or modification to a previously existing agreement, amending specific provisions or addressing new issues that have arisen since the initial agreement was made. It ensures that the rights and obligations of both Visible Genetics, Inc. and its purchasers are appropriately adjusted or clarified. Under the Georgia Amendment No. 2, the following types of provisions or modifications may be addressed: 1. Registration provisions: The amendment may include provisions related to the registration of the common shares purchased by the investors. It may specify the timeline, process, and requirements for the company to register the shares with the appropriate regulatory authorities. 2. Piggyback rights: The amendment may grant or modify piggyback registration rights, which allow the purchasers to include their shares in a registration statement filed by the company. This provision enables the shareholders to sell their shares alongside the company's primary offering, providing liquidity to their investment. 3. Demand registration rights: The amendment may include provisions enabling the purchasers to request the company to register their shares for public sale. This gives the shareholders the opportunity to sell their shares under specific conditions outlined in the agreement. 4. S-3 eligibility: The amendment may address the eligibility criteria for the company to use Form S-3 under the Securities Act of 1933 for registering the shares. This eligibility allows for a simplified and expedited process for registering and offering securities to the public. 5. Indemnification: The amendment may establish the rights and responsibilities for indemnification, protecting the purchasers from any potential losses or damages incurred as a result of the registration process. Overall, the Georgia Amendment No. 2 to Registration Rights Agreement reflects the ongoing adjustments and updates necessary to meet the changing needs within Visible Genetics, Inc. and the interests of its purchasers. It ensures transparency, fairness, and protection for both parties involved in the agreement.