Phoenix Arizona Amendment No. 2 to Registration Rights Agreement is a legal document that outlines the modification made to the existing agreement between Visible Genetics, Inc. and purchasers of common shares of the company. This amendment is specific to the operations conducted in Phoenix, Arizona, and is aimed towards providing additional protections and rights to the involved parties. Key provisions of Phoenix Arizona Amendment No. 2 may include: 1. Registration Rights: The agreement may outline the rights of the purchasers of common shares to request the registration of their shares with the Securities and Exchange Commission (SEC). This allows the purchasers to sell their shares more easily and efficiently in the public market. 2. Filing Requirements: The amendment may specify the procedures and timelines for filing registration statements with the SEC. It may outline the responsibilities of both Visible Genetics, Inc. and the purchasers in terms of providing necessary information and financial disclosures to complete the registration process. 3. Indemnification: The agreement may include provisions for indemnification, which ensures that Visible Genetics, Inc. will bear the legal expenses and costs associated with any claims or lawsuits arising out of the registration process. 4. Termination Clause: The amendment may outline the circumstances under which the registration rights agreement can be terminated. These circumstances can include breaches of contractual obligations, changes in the company's ownership structure, or mutual agreement between the parties. It is important to note that while this description provides a general overview of Phoenix Arizona Amendment No. 2, the specific terms and conditions may vary depending on the individual agreement between Visible Genetics, Inc. and the purchasers of common shares. Other types of amendments to the Registration Rights Agreement may include: 1. Amendment No. 1: This could be the first amendment made to the agreement and may encompass different modifications or additional provisions. 2. State-Specific Amendments: In addition to the Phoenix Arizona Amendment, there may be similar amendments tailored for other states where Visible Genetics, Inc. conducts its operations. These amendments would address any state-specific requirements or regulations pertaining to registration rights. Understanding the specifics of Phoenix Arizona Amendment No. 2 to Registration Rights Agreement is crucial for Visible Genetics, Inc. and the purchasers of common shares as it ensures compliance with regulatory bodies such as the SEC while protecting the rights of the purchasers in the public market.
Phoenix Arizona Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company
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