Pennsylvania Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and Purchasers of Common Shares In Pennsylvania, Amendment No. 2 to the Registration Rights Agreement between Visible Genetics, Inc. and purchasers of the company's common shares is an important legal document that outlines the rights and responsibilities of both the company and its common shareholders regarding the registration and sale of shares. This amendment seeks to modify or supplement the original Registration Rights Agreement to address specific issues or concerns raised by the parties involved. It aims to ensure transparency, compliance, and protection of the shareholders' interests in the state of Pennsylvania. Some key keywords for this type of amendment include: 1. Registration Rights Agreement: This is the initial agreement that establishes the rights and obligations of the shareholders in terms of registering their common shares with appropriate regulatory bodies. 2. Visible Genetics, Inc.: This refers to the specific company involved in the amendment, which may be subject to additional regulatory requirements or unique circumstances in Pennsylvania. 3. Purchasers: These are the individuals or entities who have acquired common shares of Visible Genetics, Inc. 4. Common Shares: This term relates to the shares of stock issued by the company that do not carry any special voting rights or preferences. 5. Amendment No. 2: This indicates that it is the second modification or supplement made to the original Registration Rights Agreement in Pennsylvania. 6. Pennsylvania: This specific state's laws and regulations influence the terms and conditions of the amendment. While there may not be different types of Pennsylvania Amendment No. 2 to Registration Rights Agreement, the content and specific provisions can vary depending on the circumstances of the company and shareholders involved. The amendment may cover various aspects, such as the timing and requirements for registering shares, restrictions on selling or transferring shares, indemnification rights, disclosure obligations, and remedies for non-compliance. It is important for all parties to carefully review this amendment to ensure that their rights and interests are adequately protected. Legal counsel should be consulted to ensure compliance with Pennsylvania laws and to address any specific considerations relevant to the company or shareholders involved.
Pennsylvania Amendment No. 2 to Registration Rights Agreement between Visible Genetics, Inc. and purchasers of common shares of the company
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FAQ
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.
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.
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.
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.
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.