Title: Understanding New York Amendment No. 2 to the Registration Rights Agreement between Visible Genetics, Inc. and Common Shareholders Introduction: New York Amendment No. 2 to the Registration Rights Agreement is a legal document that amends the original agreement between Visible Genetics, Inc. and the purchasers of common shares. This article aims to provide a detailed description of this amendment and its key elements. Keywords: New York Amendment No. 2, Registration Rights Agreement, Visible Genetics, Inc., common shares, purchasers, legal document, amendment. 1. Overview of the Registration Rights Agreement: The Registration Rights Agreement is a legally binding contract that outlines the rights and obligations of Visible Genetics, Inc. and the purchasers of the company's common shares regarding the registration and sale of these shares. 2. Purpose and Importance of Amendment No. 2: Amendment No. 2 to the Registration Rights Agreement aims to modify or add provisions to the original agreement in order to address particular concerns or changes in circumstances since its inception. 3. Key Elements of Amendment No. 2: a. Extension of Registration Period: This provision may allow the purchasers of common shares to extend the registration period stated in the original agreement, providing them with an extended timeframe for selling their shares. b. Adjustment of Registration Thresholds: The amendment may introduce changes to the minimum quantity of shares required for registration purposes or the criteria for determining eligible shareholders. c. Updated Selling Restrictions: The amendment might modify any restrictions on the sale of common shares, such as lock-up periods or restrictions on the number of shares that can be sold within a specific timeframe. d. Additional Reporting Requirements: Amendment No. 2 may impose new or revised reporting obligations on Visible Genetics, Inc., providing shareholders with more transparency and information about the company's financial status and operations. 4. Other Types of Amendments: While the article focuses on New York Amendment No. 2, it's important to note that there may be other amendments to the Registration Rights Agreement, such as Amendment No. 1, Amendment No. 3, and subsequent amendments. Each amendment would address specific concerns or changes in the agreement and must be understood individually. Conclusion: New York Amendment No. 2 to the Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares introduces important modifications to the original agreement. It aims to provide shareholders with added flexibility, updated selling restrictions, potential extension of registration periods, and enhanced reporting requirements. The precise details and scope of this amendment may vary, depending on specific circumstances and the needs of Visible Genetics, Inc. and its common shareholders.
New York Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company
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What Is Registration Right? A registration right is a right entitling an investor who owns restricted stock to require that a company list the shares publicly so that the investor can sell them. Registration rights, if exercised, can force a privately-held company to become a publicly-traded company.
If the seller complies with Rule 144, the sale will not violate the registration requirements of the Securities Act. Rule 144 imposes certain holding period, informational, volume, manner of sale and notice obligations in certain situations and for certain stockholders.
Section 144 of the Criminal Procedure Code (CrPC) of 1973 authorises the Executive Magistrate of any state or territory to issue an order to prohibit the assembly of four or more people in an area. ing to the law, every member of such 'unlawful assembly' can be booked for engaging in rioting.
Form 144 must be filed with the SEC by an affiliate as a notice of the proposed sale of securities when the amount to be sold under Rule 144 during any three-month period exceeds 5,000 shares or units or has an aggregate sales price in excess of $50,000.
Piggyback registration rights, where the investor is entitled to register its securities when either the company or another investor initiates the registration. Holders of piggyback rights are allowed to include their securities in a registration initiated by the company or another investor.
Rule 144 provides an exemption and permits the public resale of restricted or control securities if a number of conditions are met, including how long the securities are held, the way in which they are sold, and the amount that can be sold at any one time.
One type of registration rights?known as demand rights?allows investors to force a company to go public. Piggyback rights, another type, allow investors to have their shares included in a liquidity event.
Provisions in the investment agreement that allow investors to sell stock via the public market. Means by which one can transfer shares in compliance with the securities laws subject to Lock-Up and Market Stand-off Agreements. Long-form Demand ? Demand registration before the company becomes public.