Oakland Michigan Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the modifications made to an existing agreement between Visible Genetics, Inc. and the purchasers of common shares of the company. This amendment provides additional rights and provisions related to the registration of common shares with the Securities and Exchange Commission (SEC) and the sale or transfer of these shares. Keywords related to this topic include: 1. Oakland, Michigan: This refers to the location of the amendment, which is likely specific to the jurisdiction where Visible Genetics, Inc. is incorporated or operates. 2. Amendment No. 2: Denotes that this is the second modification to the original Registration Rights Agreement, suggesting that there may have been a prior amendment. 3. Registration Rights Agreement: This is the original agreement signed between Visible Genetics, Inc. and the purchasers of common shares, which initially granted certain rights and obligations concerning the registration of shares with the SEC. The purpose of the Oakland Michigan Amendment No. 2 is to refine or extend these registration rights to align with changing circumstances or the evolving needs of Visible Genetics and its shareholders. The specific terms and conditions of this amendment may vary, but they typically cover the following areas: 1. Expansion of Registration Rights: The amendment may offer additional shareholders the right to have their shares registered with the SEC. This can help shareholders legally sell their shares in the public market and enhance liquidity. 2. Modification of Filing Requirements: The amendment may introduce changes to the timing, procedures, or specific requirements for filing registration statements with the SEC. These modifications are aimed at optimizing the efficiency of the registration process. 3. Financial Reporting Requirements: The amendment might specify the financial reporting obligations of Visible Genetics, Inc. to ensure accurate and timely information is provided to shareholders and potential investors. 4. Transfer Restrictions and Lock-up Periods: The amendment may outline any restrictions on the transfer or sale of shares, such as lock-up periods that prevent shareholders from selling their shares for a certain period after an initial public offering (IPO). 5. Indemnification and Liability: The amendment might specify the rights and obligations of Visible Genetics, Inc. and the shareholders regarding indemnification and liability in connection with any registration-related issues or violations. It is important to note that the exact terms and provisions of the Oakland Michigan Amendment No. 2 may differ based on the specific context and negotiations between Visible Genetics, Inc. and the purchasers of common shares. This description provides a general framework of what such an amendment may entail.
Oakland Michigan Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company
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