The Arizona Registration Rights Agreement is a legal agreement between Turn stone Systems, Inc. (the "Company") and a purchaser that outlines the registration rights associated with the Company's securities. This agreement is essential for providing the purchaser with the ability to register their securities with the Securities and Exchange Commission (SEC), ensuring transparency and liquidity in the market. The main purpose of the Arizona Registration Rights Agreement is to protect the purchaser's investment by granting them certain rights and privileges regarding the registration of their securities. These rights include the ability to request the registration of their securities for public resale, subject to certain conditions and restrictions as outlined in the agreement. Under the terms of the agreement, the purchaser may have different types of registration rights available to them, depending on their specific circumstances and the agreement negotiated with Turn stone Systems, Inc. Some common types of registration rights include: 1. Demand Registration Rights: This type of registration right allows the purchaser to request that the Company registers their securities for public resale, usually within a specified timeframe. The purchaser may have the right to make multiple demand registration requests, subject to certain limitations and requirements. 2. Piggyback Registration Rights: These rights enable the purchaser to include their securities in any registration statement filed by the Company for the public sale of its securities. This type of registration is often referred to as a "piggyback" registration because the purchaser rides along with the Company's registration. 3. Form S-3 Registration Rights: If the purchaser is eligible to use Form S-3 (a simplified registration statement), they may negotiate to include this provision in the agreement. Form S-3 registration rights provide the purchaser with more flexibility and ease when registering their securities. It's important to note that the specific terms and conditions of the Arizona Registration Rights Agreement can vary between different agreements. The agreement will outline the triggering events, notice requirements, indemnification provisions, and any limitations or restrictions on the purchaser's registration rights. In conclusion, the Arizona Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is a crucial legal document that grants the purchaser certain rights and privileges regarding the registration of their securities. The agreement may include various types of registration rights, such as demand registration, piggyback registration, and Form S-3 registration, tailored to the specific needs and circumstances of the purchaser and the Company.