Arizona Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is a legally binding document that amends and modifies the original Registration Rights Agreement between the two parties. This amendment is relevant primarily to business transactions and legal agreements. The purpose of the amendment is to provide additional rights, obligations, and conditions for both Turn stone Systems, Inc. and the purchaser regarding the registration of securities. Securities registration refers to the process of disclosing the relevant information about a company's stocks or bonds to the Securities and Exchange Commission (SEC) and the public. The Arizona Amendment No. 1 allows for changes to be made to the original Registration Rights Agreement, addressing any concerns or amendments required by either party. This ensures that both Turn stone Systems, Inc. and the purchaser have a clear understanding of their rights and responsibilities regarding the registration of securities. Key topics covered in the amendment may include, but are not limited to: 1. Definitions: Defining certain terms used throughout the amendment to provide clarity and prevent misunderstandings. 2. Obligations of the Parties: Outlining the specific duties and responsibilities both Turn stone Systems, Inc. and the purchaser have with respect to the registration process. 3. Conditions Precedent: Establishing any conditions that need to be fulfilled before the registration process begins. 4. Demand Rights: Addressing any changes or additions to the purchaser's right to request that Turn stone Systems, Inc. register their securities with the SEC. 5. Piggyback Rights: Specifying the circumstances under which the purchaser can request to include their securities in any registrations initiated by Turn stone Systems, Inc. 6. Termination: Discussing the conditions under which the amendment may be terminated to protect the interests of both parties. It's important to note that the specific types of Arizona Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser may vary depending on the individual circumstances, the nature of the securities involved, and the intentions of the parties involved. In summary, Arizona Amendment No. 1 to Registration Rights Agreement is a crucial legal document that modifies the original Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser. It clarifies the rights and obligations related to the registration of securities and ensures a transparent and mutually beneficial relationship between the two entities.