Collin Texas 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
• County: Collin
• 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 Collin Texas Amendment No. 2 to the Registration Rights Agreement is a legal document executed between Visible Genetics, Inc. and the purchasers of common shares of the company. This amendment specifically relates to the registration rights granted to the purchasers of the company's common shares based in Collin County, Texas. The purpose of this amendment is to modify and further clarify the registration rights previously granted to the purchasers according to the initial Registration Rights Agreement. It aims to provide additional protections and advantages to the purchasers related to the registration and offering of the common shares. Key provisions of Collin Texas Amendment No. 2 may include: 1. Expanded Registration Period: This amendment may extend the previously agreed-upon registration period, allowing the purchasers a longer timeframe for the registration and public offering of their common shares. 2. Piggyback Registration Rights: The amendment may grant purchasers the right to "piggyback" on future registration statements filed by Visible Genetics, Inc., enabling them to include their shares in these offerings and potentially sell them alongside the company. 3. Demand Registration: If included, this amendment may provide purchasers with the ability to demand that Visible Genetics, Inc. register their common shares for sale in a public offering. This can be crucial for purchasers who seek liquidity or want to offload their shares. 4. Registration Expenses: The revised amendment may specify the allocation of expenses related to the registration process. It could outline who will bear the costs, such as filing fees, legal fees, and marketing expenses associated with the public offering. 5. Indemnification: This amendment may include additional clauses related to indemnification, providing protection to the purchasers in the event of any legal claims or actions arising from the registration process. 6. Termination or Expiration: The Collin Texas Amendment No. 2 may outline the circumstances under which the registration rights granted to the purchasers will terminate or expire. This could include certain conditions, such as the completion of a specified number of public offerings or the passage of a predetermined time period. Please note that the specific terms and details outlined above are hypothetical and may vary depending on the actual Collin Texas Amendment No. 2 to the Registration Rights Agreement executed by Visible Genetics, Inc. and the purchasers of common shares of the company.

Collin Texas Amendment No. 2 to the Registration Rights Agreement is a legal document executed between Visible Genetics, Inc. and the purchasers of common shares of the company. This amendment specifically relates to the registration rights granted to the purchasers of the company's common shares based in Collin County, Texas. The purpose of this amendment is to modify and further clarify the registration rights previously granted to the purchasers according to the initial Registration Rights Agreement. It aims to provide additional protections and advantages to the purchasers related to the registration and offering of the common shares. Key provisions of Collin Texas Amendment No. 2 may include: 1. Expanded Registration Period: This amendment may extend the previously agreed-upon registration period, allowing the purchasers a longer timeframe for the registration and public offering of their common shares. 2. Piggyback Registration Rights: The amendment may grant purchasers the right to "piggyback" on future registration statements filed by Visible Genetics, Inc., enabling them to include their shares in these offerings and potentially sell them alongside the company. 3. Demand Registration: If included, this amendment may provide purchasers with the ability to demand that Visible Genetics, Inc. register their common shares for sale in a public offering. This can be crucial for purchasers who seek liquidity or want to offload their shares. 4. Registration Expenses: The revised amendment may specify the allocation of expenses related to the registration process. It could outline who will bear the costs, such as filing fees, legal fees, and marketing expenses associated with the public offering. 5. Indemnification: This amendment may include additional clauses related to indemnification, providing protection to the purchasers in the event of any legal claims or actions arising from the registration process. 6. Termination or Expiration: The Collin Texas Amendment No. 2 may outline the circumstances under which the registration rights granted to the purchasers will terminate or expire. This could include certain conditions, such as the completion of a specified number of public offerings or the passage of a predetermined time period. Please note that the specific terms and details outlined above are hypothetical and may vary depending on the actual Collin Texas Amendment No. 2 to the Registration Rights Agreement executed by Visible Genetics, Inc. and the purchasers of common shares of the company.