King's New York Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the Second Amendment made to the Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement is crucial for protecting the rights of the shareholders and ensuring transparency in the company's trading activities. The amendment provides certain modifications and additions to the initial registration rights agreement, further safeguarding the interests and privileges of the common shareholders. It may contain provisions related to the timing and process of registration, the number of shares to be registered, piggyback registrations, and the availability of prospectus supplements. Some key types of Kings New York Amendment No. 2 to the Registration Rights Agreement include: 1. Timing and Process: This type of amendment specifies the duration within which the company must complete the registration process and submit the necessary documentation to the regulatory authorities. It may also include provisions regarding the coordination between the company and the purchasers during the registration process. 2. Number of Shares: This amendment defines the number of common shares that the company is obligated to include in the registration. It may specify a minimum or maximum number, depending on the circumstances outlined in the agreement. 3. Piggyback Registrations: In some cases, the purchasers of common shares may request piggyback registrations, which allow them to include their shares in any future registration statements filed by the company. This type of amendment establishes the terms and conditions under which piggyback registrations can be requested and executed. 4. Prospectus Supplements: Amendments pertaining to prospectus supplements govern the inclusion of additional information or modifications to the existing prospectus that may be required for the registration process. It ensures that potential investors have access to accurate and up-to-date information about the company. Overall, the Kings New York Amendment No. 2 to Registration Rights Agreement plays a critical role in maintaining transparency and trust between Visible Genetics, Inc. and its common shareholders. By detailing the obligations and rights of both parties, this agreement provides a cohesive framework for the registration of common shares and allows for a fair and regulated trading environment.