Michigan Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the Second Amendment made to the registration rights agreement between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement ensures certain rights and protections for the shareholders regarding the registration and sale of their shares in accordance with applicable laws and regulations. The purpose of Michigan Amendment No. 2 is to modify specific terms and provisions of the original registration rights agreement, taking into consideration any changes in the legal landscape or the company's needs. This amendment may address issues such as the timing of registration statements, the number of shares to be registered, and the obligations and responsibilities of both parties involved. It is important to note that while Michigan Amendment No. 2 refers to a specific amendment in the state of Michigan, similar amendments can exist in other jurisdictions, such as California Amendment, New York Amendment, or Florida Amendment, depending on the corresponding location of Visible Genetics, Inc. and its shareholders. The Michigan Amendment No. 2 to Registration Rights Agreement typically covers provisions related to: 1. Registration Rights: Defines the rights of the shareholders to have their shares registered and sold in compliance with applicable securities laws. 2. Demand Registration: Outlines the procedures and conditions for requesting the company to register the shares on demand by the shareholders. 3. Piggyback Registration: Deals with the procedures and requirements for the inclusion of the shareholders' shares in registration statements filed by the company. 4. Hold back Agreements: Addresses the shareholders' agreements to refrain from selling their shares for a certain period after an IPO or a public offering. 5. Indemnification: Specifies the indemnification obligations of the company towards the registered shareholders and vice versa. 6. Transfer Restrictions: Governs any restrictions on the transfer of the shares imposed by the company or by applicable laws. 7. Termination: Defines the events or circumstances that would lead to the termination of the registration rights agreement or its amendments. Michigan Amendment No. 2 to Registration Rights Agreement is crucial for both Visible Genetics, Inc. and its shareholders as it establishes a framework for their rights and obligations regarding the registration and sale of shares. It ensures transparency and liquidity in the markets while safeguarding the interests of both the company and its shareholders.
Michigan 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 Michigan Amendment No. 2 To Registration Rights Agreement Between Visible Genetics, Inc. And Purchasers Of Common Shares Of The Company?
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