New Jersey Amendment No. 2 to Registration Rights Agreement is a legal document that amends the previously established agreement between Visible Genetics, Inc. and purchasers of common shares of the company. This amendment specifically applies to individuals or entities who have purchased common shares of Visible Genetics, Inc. in New Jersey. The purpose of this amendment is to modify and update certain provisions of the original Registration Rights Agreement to better accommodate the needs and requirements of the parties involved. It ensures continued compliance with relevant federal and state securities laws and regulations. Key provisions included in this amendment may include: 1. Expanded Registration Rights: This amendment may provide purchasers with additional rights to request the registration of their common shares with the Securities and Exchange Commission (SEC) and relevant state securities agencies. It may specify the conditions and limitations under which such registration rights can be exercised. 2. Notification and Information: The amendment may outline the procedures and timelines for Visible Genetics, Inc. to notify purchasers about upcoming registration statements or public offerings related to the company's common shares. It may also specify the information that should be provided to the purchasers regarding such offerings. 3. Piggyback Rights: The amendment may grant purchasers the option to "piggyback" on any registration statements filed by Visible Genetics, Inc. for the public offering of its common shares. This allows the purchasers to include their shares in the registration and potentially sell them in conjunction with the company's offering. 4. Indemnification: The amendment may clarify the extent to which Visible Genetics, Inc. will indemnify the purchasers against any losses, liabilities, or expenses arising from the registration process or any violations of securities laws. 5. Termination or Expiration: This amendment may have provisions concerning the termination or expiration of the Registration Rights Agreement. It may outline the circumstances under which the agreement can be terminated and the obligations that survive termination. It's important to note that the specific contents and nature of New Jersey Amendment No. 2 to Registration Rights Agreement may vary depending on the agreement's initial terms, the preferences of the parties involved, and the regulatory requirements in New Jersey. Furthermore, it's advisable for all parties involved to consult legal professionals well-versed in securities laws and regulations to ensure compliance and to draft a customized amendment that aligns with their specific needs and circumstances.
New Jersey 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 Amendment No. 2 To Registration Rights Agreement Between Visible Genetics, Inc. And Purchasers Of Common Shares Of The Company?
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The amendment should be clear and concise. It should state the changes that are being made and the effective date of the changes. All parties should sign the amendment, ensuring that everyone has agreed that these changes have been made. You could use a template for your contract amendments.
A contract amendment is defined as an addition to, deletion from, modification of, or other change to an existing contract. Parties enter into a wide variety of business contracts that cover a broad range of issues.
An amendment is often an addition or correction that leaves the original document substantially intact. Other times an amendment can strike the original text entirely and substitute it with new language. The U.S. Constitution is one example of the use of amendments.
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.
How to create a contract amendment Pinpoint what you want to change or add. Look at your contract and write down the parts you need to change. ... Date and title the new amendment. Next, add the current date and the title and date of the original agreement to the document. ... Draft and describe the changes. ... Finalize the changes.
A contract addendum is an additional document that is attached to the original contract. It is used to include supplementary information, such as additional terms, conditions or provisions. Unlike an amendment, an addendum does not modify the existing terms of the contract, but rather it expands upon them.