Franklin Ohio Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company is a legal document that outlines the modifications made to the initial Registration Rights Agreement. This amendment primarily relates to the specific terms and conditions of the registration of common shares of Visible Genetics, Inc. that the purchasers are entitled to. The Franklin Ohio Amendment No. 2 seeks to enhance and refine the registration rights of the common shareholders in accordance with the laws and regulations of the state of Ohio. It ensures that the purchasers of common shares have the opportunity to register their shares for public offering or sale, providing them with liquidity and the ability to exit their investment if desired. Key provisions of Franklin Ohio Amendment No. 2 may include: 1. Clarification of timelines and procedures: The amendment details the deadlines and processes for purchasers to request registration for their common shares. It offers transparency and ensures a smooth registration process. 2. Reducing restrictions on registration: The amendment might reduce or eliminate certain restrictions on the number of shares that can be registered for sale, giving the shareholders greater flexibility in selling their shares. 3. Expansion of registration qualifications: Franklin Ohio Amendment No. 2 may introduce additional eligibility criteria for shareholders to register their shares. These criteria may include specific holding periods or minimum share ownership thresholds. 4. Enhanced disclosure requirements: The amendment might strengthen the disclosure obligations of Visible Genetics, Inc., ensuring that shareholders receive timely and accurate information about the company's financial status, performance, and updates relevant to their investment. It is important to note that while Franklin Ohio Amendment No. 2 pertains to a specific registration rights agreement between Visible Genetics, Inc. and its common shareholders, there may not be multiple types of amendments mentioned. The document is an individual amendment tailored to the unique circumstances of the company and the purchasers.
Franklin Ohio Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company
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