Colorado 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 A Colorado Registration Rights Agreement is a legal document that outlines the rights and obligations of Turn stone Systems, Inc. (the "Company") and a purchaser regarding the registration of securities issued by the Company in the state of Colorado. This agreement is important for both parties involved as it ensures compliance with securities laws and provides transparency in the registration process. The Colorado Registration Rights Agreement typically includes provisions such as the following: 1. Parties: The agreement will clearly identify Turn stone Systems, Inc. as the issuer of the securities and the purchaser who is acquiring such securities. 2. Registration Obligations: The agreement will outline the Company's obligations to register the securities with the appropriate regulatory authorities in Colorado. It will specify the timeframes within which the registration must occur and the required documentation that needs to be filed. 3. Demand Registrations: The agreement may provide the purchaser with the right to request the Company to register their securities for public resale. This type of registration is known as a "demand registration" and is subject to certain conditions such as the minimum number of securities to be registered and the payment of associated expenses. 4. Piggyback Registrations: The agreement may also include provisions for piggyback registrations, which allow the purchaser to include their securities in any registration statement filed by the Company for its own offerings. This ensures that the purchaser has the opportunity to sell their securities along with the Company's securities, thus increasing the liquidity of their investment. 5. Expenses: The agreement will address the allocation of expenses related to the registration process, including legal fees, filing fees, and any other costs incurred by the Company. Typically, the purchaser will be responsible for their own expenses, while the Company will bear the costs associated with the registration process. Types of Colorado Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser can vary depending on the specific terms negotiated between the parties. They can include standard agreement provisions or be tailored to meet the unique needs of the transaction. Some common variations may include: 1. Full-Blown Registration Rights Agreement: This type of agreement grants the purchaser comprehensive registration rights, including demand registrations, piggyback registrations, and other additional provisions such as "short-form" registrations. 2. Limited Registration Rights Agreement: In some cases, the parties may agree to limit the purchaser's registration rights to specific conditions or events, such as an initial public offering (IPO) or a certain level of sales. 3. Assignment of Registration Rights: In certain situations, the purchaser may have the right to assign or transfer their registration rights to another party. This type of agreement would outline the procedures and requirements for such assignments. 4. Amended and Restated Agreement: If the original Colorado Registration Rights Agreement between the Company and the purchaser needs to be modified or updated, an amended and restated agreement may be executed to reflect the changes and ensure both parties' compliance. In summary, a Colorado Registration Rights Agreement is a crucial legal document that establishes the rights and responsibilities of Turn stone Systems, Inc. and a purchaser regarding the registration of securities in the state of Colorado. These agreements are tailored to the specific circumstances of each transaction, and variations can include different types of registration rights and provisions.

A Colorado Registration Rights Agreement is a legal document that outlines the rights and obligations of Turn stone Systems, Inc. (the "Company") and a purchaser regarding the registration of securities issued by the Company in the state of Colorado. This agreement is important for both parties involved as it ensures compliance with securities laws and provides transparency in the registration process. The Colorado Registration Rights Agreement typically includes provisions such as the following: 1. Parties: The agreement will clearly identify Turn stone Systems, Inc. as the issuer of the securities and the purchaser who is acquiring such securities. 2. Registration Obligations: The agreement will outline the Company's obligations to register the securities with the appropriate regulatory authorities in Colorado. It will specify the timeframes within which the registration must occur and the required documentation that needs to be filed. 3. Demand Registrations: The agreement may provide the purchaser with the right to request the Company to register their securities for public resale. This type of registration is known as a "demand registration" and is subject to certain conditions such as the minimum number of securities to be registered and the payment of associated expenses. 4. Piggyback Registrations: The agreement may also include provisions for piggyback registrations, which allow the purchaser to include their securities in any registration statement filed by the Company for its own offerings. This ensures that the purchaser has the opportunity to sell their securities along with the Company's securities, thus increasing the liquidity of their investment. 5. Expenses: The agreement will address the allocation of expenses related to the registration process, including legal fees, filing fees, and any other costs incurred by the Company. Typically, the purchaser will be responsible for their own expenses, while the Company will bear the costs associated with the registration process. Types of Colorado Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser can vary depending on the specific terms negotiated between the parties. They can include standard agreement provisions or be tailored to meet the unique needs of the transaction. Some common variations may include: 1. Full-Blown Registration Rights Agreement: This type of agreement grants the purchaser comprehensive registration rights, including demand registrations, piggyback registrations, and other additional provisions such as "short-form" registrations. 2. Limited Registration Rights Agreement: In some cases, the parties may agree to limit the purchaser's registration rights to specific conditions or events, such as an initial public offering (IPO) or a certain level of sales. 3. Assignment of Registration Rights: In certain situations, the purchaser may have the right to assign or transfer their registration rights to another party. This type of agreement would outline the procedures and requirements for such assignments. 4. Amended and Restated Agreement: If the original Colorado Registration Rights Agreement between the Company and the purchaser needs to be modified or updated, an amended and restated agreement may be executed to reflect the changes and ensure both parties' compliance. In summary, a Colorado Registration Rights Agreement is a crucial legal document that establishes the rights and responsibilities of Turn stone Systems, Inc. and a purchaser regarding the registration of securities in the state of Colorado. These agreements are tailored to the specific circumstances of each transaction, and variations can include different types of registration rights and provisions.