Nebraska Amendment No. 2 to the Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company is a significant legal document that outlines specific modifications made to the initial agreement. This amendment is crucial for providing additional rights and privileges to the shareholders involved. Visible Genetics, Inc., a prominent bioinformatics company, is the primary party involved, while the common shareholders who initially invested in the company are the beneficiaries of this amendment. The Nebraska Amendment No. 2 serves as a means to further protect the interests of the common shareholders and enhance their participation in the company's affairs. By implementing these modifications, Visible Genetics, Inc. acknowledges the importance of maintaining a transparent and agile process for dealing with the shareholders. This amendment offers a comprehensive set of provisions to the shareholders involved, including but not limited to: 1. Extended Registration Rights: The amendment ensures that the common shareholders have an extended period within which they can register their shares for public resale or other permissible actions, beyond what was initially stipulated in the original Registration Rights Agreement. 2. Restriction Removal: It may contain provisions related to the removal of restrictions on the sale or transfer of shares held by the common shareholders. This allows shareholders greater flexibility in divesting their interests in Visible Genetics, Inc. 3. Tag-Along Rights: The Nebraska Amendment No. 2 might include the incorporation of tag-along rights, which allow common shareholders to join in any sale or transfer initiated by major shareholders. This provision protects the interests of smaller shareholders by ensuring they have the opportunity to participate in lucrative investment opportunities. 4. Information Rights: The amendment may encompass additional information rights for shareholders, providing them with regular updates on the company's performance, financials, and other essential details. This ensures transparency and helps shareholders make informed decisions. 5. Anti-Dilution Protection: If applicable, the amendment may introduce anti-dilution protection measures, safeguarding the common shareholders from any potential dilution of their ownership due to future equity issuance. It is important to note that while Nebraska Amendment No. 2 addresses the specific modifications and enhancements made to the Registration Rights Agreement, there may be other amendments, such as Nebraska Amendment No. 1 or any subsequent amendments, depending on the history and needs of Visible Genetics, Inc. and its shareholders. Overall, Nebraska Amendment No. 2 to the Registration Rights Agreement provides common shareholders of Visible Genetics, Inc. with extended rights and protections, ensuring a fair and transparent relationship between the company and its investors.
Nebraska Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company
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