Alabama Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9136
• Format: Word; Rich Text

Description

Registration Rights Agreement dated January 12, 1998. 23 pages The Alabama Registration Rights Agreement is a legal document that outlines the rights and obligations of Turn stone Systems, Inc. as the issuer of securities and the purchaser of those securities. This agreement is an essential component of any investment transaction conducted in the state of Alabama, providing investor protection and facilitating the regulatory requirements for the issuance and registration of securities. In the agreement, Turn stone Systems, Inc. grants certain registration rights to the purchaser, which allow the purchaser to have their securities registered under the Alabama Securities Act. This enables the purchaser to publicly offer, sell, or transfer their securities in compliance with the applicable laws and regulations. The Alabama Registration Rights Agreement typically consists of several key provisions, including: 1. Registration Statement: This provision outlines the obligations of Turn stone Systems, Inc. to prepare and file a registration statement with the Alabama Securities Commission, detailing all relevant information about the securities being registered. 2. Effective Date: The agreement specifies the effective date of the registration statement and the timeframe within which it must be filed and become effective. 3. Expenses: The agreement might address the allocation of expenses related to the registration process, such as legal and accounting fees, filing fees, and printing costs. It ensures that the burden of these expenses is fairly distributed between Turn stone Systems, Inc. and the purchaser. 4. Piggyback Rights: Turn stone Systems, Inc. may grant the purchaser piggyback rights, allowing them to include their securities in any registration statement filed by Turn stone Systems, Inc. for the offering of additional securities. This provision provides the purchaser with an opportunity to participate in any future equity offerings and potential liquidity events. 5. Indemnification: The agreement may contain provisions relating to indemnification, protecting Turn stone Systems, Inc. from any losses, expenses, or liabilities arising from any misrepresentation or omission of material facts in relation to the registered securities. 6. Termination: The agreement will outline the circumstances under which the registration rights may be terminated, providing clarity on the rights and obligations of both parties in case of termination. Different types of Alabama Registration Rights Agreements may exist between Turn stone Systems, Inc. and the purchaser, depending on the specifics of the investment transaction. Examples could include agreements pertaining to the registration of common stock, preferred stock, convertible securities, bonds, or any other type of securities being issued by Turn stone Systems, Inc. In conclusion, the Alabama Registration Rights Agreement is a crucial legal document that governs the registration and transfer of securities between Turn stone Systems, Inc. and the purchaser. It ensures compliance with Alabama securities regulations while providing the purchaser with important rights and protections.

The Alabama Registration Rights Agreement is a legal document that outlines the rights and obligations of Turn stone Systems, Inc. as the issuer of securities and the purchaser of those securities. This agreement is an essential component of any investment transaction conducted in the state of Alabama, providing investor protection and facilitating the regulatory requirements for the issuance and registration of securities. In the agreement, Turn stone Systems, Inc. grants certain registration rights to the purchaser, which allow the purchaser to have their securities registered under the Alabama Securities Act. This enables the purchaser to publicly offer, sell, or transfer their securities in compliance with the applicable laws and regulations. The Alabama Registration Rights Agreement typically consists of several key provisions, including: 1. Registration Statement: This provision outlines the obligations of Turn stone Systems, Inc. to prepare and file a registration statement with the Alabama Securities Commission, detailing all relevant information about the securities being registered. 2. Effective Date: The agreement specifies the effective date of the registration statement and the timeframe within which it must be filed and become effective. 3. Expenses: The agreement might address the allocation of expenses related to the registration process, such as legal and accounting fees, filing fees, and printing costs. It ensures that the burden of these expenses is fairly distributed between Turn stone Systems, Inc. and the purchaser. 4. Piggyback Rights: Turn stone Systems, Inc. may grant the purchaser piggyback rights, allowing them to include their securities in any registration statement filed by Turn stone Systems, Inc. for the offering of additional securities. This provision provides the purchaser with an opportunity to participate in any future equity offerings and potential liquidity events. 5. Indemnification: The agreement may contain provisions relating to indemnification, protecting Turn stone Systems, Inc. from any losses, expenses, or liabilities arising from any misrepresentation or omission of material facts in relation to the registered securities. 6. Termination: The agreement will outline the circumstances under which the registration rights may be terminated, providing clarity on the rights and obligations of both parties in case of termination. Different types of Alabama Registration Rights Agreements may exist between Turn stone Systems, Inc. and the purchaser, depending on the specifics of the investment transaction. Examples could include agreements pertaining to the registration of common stock, preferred stock, convertible securities, bonds, or any other type of securities being issued by Turn stone Systems, Inc. In conclusion, the Alabama Registration Rights Agreement is a crucial legal document that governs the registration and transfer of securities between Turn stone Systems, Inc. and the purchaser. It ensures compliance with Alabama securities regulations while providing the purchaser with important rights and protections.