Wake North Carolina 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: Wake
• 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 Wake North Carolina Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company is an important legal document that outlines the alterations made to the existing registration rights agreement in relation to Visible Genetics, Inc.'s common shares. This agreement pertains specifically to shareholders in Wake County, North Carolina. The Wake North Carolina Amendment No. 2 includes several key provisions that are essential for both Visible Genetics, Inc. and the purchasers of its common shares. These provisions ensure transparency, accountability, and protect the rights of the shareholders. The following are the notable sections covered by this amendment: 1. Definition: This amendment defines the terms and conditions of the registration rights agreement, clearly stating the parties involved, the purpose, and the scope of the agreement. 2. Amendment of Definitions: Any necessary changes or updates to definitions specified in the original registration rights agreement are detailed in this section. 3. Effective Date: The date when the Wake North Carolina Amendment No. 2 becomes effective is stated here, ensuring all parties are aware of the timeline for compliance and execution. 4. Procedures: This section focuses on the process and procedures to be followed by Visible Genetics, Inc. for the registration of the common shares. It includes timelines, filing requirements, and obligations of both Visible Genetics, Inc. and the purchasers. 5. Indemnification: The terms of indemnification, wherein Visible Genetics, Inc. agrees to protect the purchasers from any potential losses, claims, or damages arising from the registration process, are detailed in this section. 6. Termination: The conditions under which this amendment or the entire registration rights agreement may be terminated are laid out in this section. Termination conditions provide flexibility and legal boundaries for both parties. 7. Governing Law and Jurisdiction: The Wake North Carolina Amendment No. 2 specifies the governing law and jurisdiction which will govern the interpretation and enforcement of this agreement, ensuring compliance with North Carolina state laws. It is important to note that this specific amendment is only applicable within Wake County, North Carolina. If there are different types of amendments made to the registration rights agreement between Visible Genetics, Inc. and purchasers of common shares for other counties or states, they would have separate designated names, such as "Amendment No. 1 for Wake County, North Carolina," "Amendment No. 2 for Wake County, North Carolina," and so forth. Each amendment would address the specific terms and conditions that pertain to the corresponding county or state where Visible Genetics, Inc. and its shareholders are located.

Wake North Carolina Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company is an important legal document that outlines the alterations made to the existing registration rights agreement in relation to Visible Genetics, Inc.'s common shares. This agreement pertains specifically to shareholders in Wake County, North Carolina. The Wake North Carolina Amendment No. 2 includes several key provisions that are essential for both Visible Genetics, Inc. and the purchasers of its common shares. These provisions ensure transparency, accountability, and protect the rights of the shareholders. The following are the notable sections covered by this amendment: 1. Definition: This amendment defines the terms and conditions of the registration rights agreement, clearly stating the parties involved, the purpose, and the scope of the agreement. 2. Amendment of Definitions: Any necessary changes or updates to definitions specified in the original registration rights agreement are detailed in this section. 3. Effective Date: The date when the Wake North Carolina Amendment No. 2 becomes effective is stated here, ensuring all parties are aware of the timeline for compliance and execution. 4. Procedures: This section focuses on the process and procedures to be followed by Visible Genetics, Inc. for the registration of the common shares. It includes timelines, filing requirements, and obligations of both Visible Genetics, Inc. and the purchasers. 5. Indemnification: The terms of indemnification, wherein Visible Genetics, Inc. agrees to protect the purchasers from any potential losses, claims, or damages arising from the registration process, are detailed in this section. 6. Termination: The conditions under which this amendment or the entire registration rights agreement may be terminated are laid out in this section. Termination conditions provide flexibility and legal boundaries for both parties. 7. Governing Law and Jurisdiction: The Wake North Carolina Amendment No. 2 specifies the governing law and jurisdiction which will govern the interpretation and enforcement of this agreement, ensuring compliance with North Carolina state laws. It is important to note that this specific amendment is only applicable within Wake County, North Carolina. If there are different types of amendments made to the registration rights agreement between Visible Genetics, Inc. and purchasers of common shares for other counties or states, they would have separate designated names, such as "Amendment No. 1 for Wake County, North Carolina," "Amendment No. 2 for Wake County, North Carolina," and so forth. Each amendment would address the specific terms and conditions that pertain to the corresponding county or state where Visible Genetics, Inc. and its shareholders are located.