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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Rule 144 provides an exemption and permits the public resale of restricted or control securities if a number of conditions are met, including how long the securities are held, the way in which they are sold, and the amount that can be sold at any one time.
If the seller complies with Rule 144, the sale will not violate the registration requirements of the Securities Act. Rule 144 imposes certain holding period, informational, volume, manner of sale and notice obligations in certain situations and for certain stockholders.
Form 144 must be filed with the SEC by an affiliate as a notice of the proposed sale of securities when the amount to be sold under Rule 144 during any three-month period exceeds 5,000 shares or units or has an aggregate sales price in excess of $50,000.
What Is Registration Right? A registration right is a right entitling an investor who owns restricted stock to require that a company list the shares publicly so that the investor can sell them. Registration rights, if exercised, can force a privately-held company to become a publicly-traded company.
Section 144 of the Criminal Procedure Code (CrPC) of 1973 authorises the Executive Magistrate of any state or territory to issue an order to prohibit the assembly of four or more people in an area. ing to the law, every member of such 'unlawful assembly' can be booked for engaging in rioting.