Hawaii Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the modifications or additions made to the initial Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company. This amendment is specific to the state of Hawaii, indicating that the original Registration Rights Agreement is being revised or extended to comply with the regulations and legal requirements of Hawaii state law. It is crucial to ensure that the agreement is in accordance with the jurisdiction where the company operates. The Hawaii Amendment No. 2 may include various types of modifications or additional provisions to address specific concerns or requirements of the company and the purchasers of common shares. Some possible types of amendments that could be included are: 1. Extension of Registration Period: This amendment could extend the registration period initially agreed upon in the original Registration Rights Agreement. It allows the company more time to register and sell the shares and provides the purchasers with an extended timeframe for liquidity. 2. Revision of Selling Restrictions: The amendment may modify or lift any selling restrictions imposed on the purchasers of common shares. It may provide more flexibility in terms of when and how the shares can be sold or transferred. 3. Changes in Investor Rights: The Hawaii Amendment No. 2 may introduce new rights or modify existing ones that were granted to the purchasers of common shares. This could include rights to vote on certain matters, receive financial reports, or participate in decision-making processes. 4. Clarification of Obligations: If there was any ambiguity or uncertainty in the original agreement, this amendment could aim to provide clearer language or definitions to ensure that both parties understand their obligations and responsibilities. 5. Waiver of Certain Provisions: The amendment might waive or modify certain provisions of the original Registration Rights Agreement that are no longer relevant or practical. It is important to note that the specific details of the Hawaii Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares would be outlined within the document itself. The content mentioned here serves as a general overview and description of potential modifications or additions that could be included in such an amendment.
Hawaii Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company
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