Maryland Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company is a legal document that outlines the modifications and updates to the existing registration rights agreement between Visible Genetics, Inc. and its common share purchasers in the state of Maryland. The purpose of this amendment is to address any changes, obligations, or preferences related to the registration of common shares issued by Visible Genetics, Inc. It aims to ensure that the interests of both the company and its common share purchasers are protected and promoted in compliance with the applicable laws and regulations. Some of the key provisions that could be included in Maryland Amendment No. 2 to Registration Rights Agreement may address: 1. Registration Statement Filing: It may outline the requirements and procedures for filing a registration statement with the relevant regulatory authorities in Maryland. The document may specify the timeframe within which Visible Genetics, Inc. must file the registration statement after the request from the common share purchasers. 2. Demands for Registration: The amendment may outline the circumstances under which the common share purchasers can demand Visible Genetics, Inc. to file a registration statement, such as when they collectively hold a minimum percentage of outstanding common shares or based on certain triggering events. 3. Piggyback Rights: It may detail the rights of the common share purchasers to include their shares in any registration statement filed by Visible Genetics, Inc., alongside the company's securities for public offering purposes. 4. Expenses and Indemnification: The amendment may address the allocation of expenses related to the registration process, such as legal fees, accounting costs, and registration fees among Visible Genetics, Inc. and the common share purchasers. It may also outline the indemnification rights of the common share purchasers for any liabilities arising from the registration process. 5. Lock-up Agreements: The document may include provisions related to lock-up periods, which restrict the common share purchasers from selling or transferring their shares for a specified period after the effective date of the registration statement. 6. Governing Law and Jurisdiction: The amendment may specify that any disputes or legal actions arising from this agreement shall be governed by Maryland state law and will be subject to the exclusive jurisdiction of the courts in Maryland. It's important to note that while these provisions are common in many registration rights agreements, the specific terms and conditions outlined in Maryland Amendment No. 2 may vary depending on the negotiations and agreements reached between Visible Genetics, Inc. and its common share purchasers. Please consult with legal professionals or documentation related to Visible Genetics, Inc. for an accurate and up-to-date understanding of Maryland Amendment No. 2 to Registration Rights Agreement and its specific provisions.
Maryland Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company
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How to fill out Maryland Amendment No. 2 To Registration Rights Agreement Between Visible Genetics, Inc. And Purchasers Of Common Shares Of The Company?
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