New Mexico Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9138
• Format: Word; Rich Text

Description

Amendment No. 2 to Registration Rights Agreement between Turnstone Systems, Inc. and purchaser dated January 12, 1998. 4 pages New Mexico Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the changes made to the existing registration rights agreement between Visible Genetics, Inc. and purchasers of common shares of the company. This amendment serves to modify and update certain provisions to ensure compliance with the laws of the state of New Mexico and to address any specific issues or concerns raised by the parties involved. The primary purpose of this amendment is to enhance the rights and protections afforded to the purchasers of common shares of Visible Genetics, Inc. It aims to provide additional clarity, flexibility, and security in terms of their ability to register and sell their shares in accordance with applicable state regulations. By understanding this amendment, it becomes easier for investors to exercise their rights and make informed decisions regarding their investment in the company. Some key points covered by the New Mexico Amendment No. 2 to Registration Rights Agreement may include: 1. Updated Definitions: The amendment may introduce new or revised definitions to ensure precise understanding of terms used throughout the agreement. This helps to eliminate any potential ambiguity or confusion that may arise. 2. Expanded Registration Rights: The agreement could expand the registration rights granted to the purchasers of common shares. This might include provisions for demand registration, piggyback registration, or other mechanisms enabling investors to have their shares registered for sale in the future. 3. Obligations and Responsibilities: The amendment will outline the obligations and responsibilities of both Visible Genetics, Inc. and the purchasers of common shares, ensuring that both parties are aware of their specific roles in regard to the registration process. 4. Timeframe and Deadlines: The amendment may include specific timeframes and deadlines for the registration process, ensuring that it is completed within a reasonable period. This helps to maintain transparency and allows investors to plan accordingly for the sale of their shares. 5. Confidentiality: The parties may agree to certain confidentiality provisions regarding sensitive information shared during the registration process, safeguarding both the company's and investors' interests. It is important to note that the specific details of New Mexico Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares may vary depending on the individual circumstances and negotiation between the parties involved. It is always recommended consulting with legal professionals familiar with New Mexico state laws and the specific agreement to fully understand its implications and requirements.

New Mexico Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the changes made to the existing registration rights agreement between Visible Genetics, Inc. and purchasers of common shares of the company. This amendment serves to modify and update certain provisions to ensure compliance with the laws of the state of New Mexico and to address any specific issues or concerns raised by the parties involved. The primary purpose of this amendment is to enhance the rights and protections afforded to the purchasers of common shares of Visible Genetics, Inc. It aims to provide additional clarity, flexibility, and security in terms of their ability to register and sell their shares in accordance with applicable state regulations. By understanding this amendment, it becomes easier for investors to exercise their rights and make informed decisions regarding their investment in the company. Some key points covered by the New Mexico Amendment No. 2 to Registration Rights Agreement may include: 1. Updated Definitions: The amendment may introduce new or revised definitions to ensure precise understanding of terms used throughout the agreement. This helps to eliminate any potential ambiguity or confusion that may arise. 2. Expanded Registration Rights: The agreement could expand the registration rights granted to the purchasers of common shares. This might include provisions for demand registration, piggyback registration, or other mechanisms enabling investors to have their shares registered for sale in the future. 3. Obligations and Responsibilities: The amendment will outline the obligations and responsibilities of both Visible Genetics, Inc. and the purchasers of common shares, ensuring that both parties are aware of their specific roles in regard to the registration process. 4. Timeframe and Deadlines: The amendment may include specific timeframes and deadlines for the registration process, ensuring that it is completed within a reasonable period. This helps to maintain transparency and allows investors to plan accordingly for the sale of their shares. 5. Confidentiality: The parties may agree to certain confidentiality provisions regarding sensitive information shared during the registration process, safeguarding both the company's and investors' interests. It is important to note that the specific details of New Mexico Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares may vary depending on the individual circumstances and negotiation between the parties involved. It is always recommended consulting with legal professionals familiar with New Mexico state laws and the specific agreement to fully understand its implications and requirements.