Title: Florida Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and Purchaser: Explained Keywords: Florida Amendment No. 1, Registration Rights Agreement, Turn stone Systems Inc., purchaser, detailed description, types, explanation, legal document Introduction: Florida Amendment No. 1 to the Registration Rights Agreement between Turn stone Systems, Inc. and a purchaser is a legal document that outlines and modifies certain provisions of the original agreement. It is designed to provide additional protections and rights to the purchaser regarding the registration of securities. This article aims to provide a detailed description of the Florida Amendment No. 1 and shed light on any different types that may exist. Description: The Florida Amendment No. 1 is an essential component of a Registration Rights Agreement, which is a contract between a company issuing securities (in this case, Turn stone Systems, Inc.) and the purchasers of those securities. The amendment represents a modification made to the original agreement to address specific issues or concerns outlined by the purchaser. The purpose of this amendment is to refine and expand the purchaser's rights and protect their interests during the registration process of securities with the Securities and Exchange Commission (SEC). By securing the right to "register" the securities, purchasers gain the ability to sell their holdings to the public, thereby increasing liquidity and marketability. The Florida Amendment No. 1 may include various types, depending on the specific provisions being addressed. Some possible types of amendments that could be incorporated within this agreement are: 1. Expansion of Registration Rights: This type of amendment might grant the purchaser broader registration rights, such as the ability to include additional securities for registration or to request multiple registrations over time. 2. Modification of Timing: This amendment may focus on adjusting the timeline for registration requirements, allowing for more flexibility and accommodating any changes in the market conditions or regulatory landscape. 3. Enhanced Disclosure Obligations: This type of amendment could introduce additional disclosure requirements on the part of Turn stone Systems, Inc., obligating the company to share relevant information promptly with the purchaser. 4. Investor Protection: This amendment might establish protective measures, such as anti-dilution provisions or piggyback rights, which aim to safeguard the purchaser's investment and ensure fair treatment in subsequent financing rounds. Conclusion: Florida Amendment No. 1 to the Registration Rights Agreement is a legally binding document that modifies and enhances the original agreement between Turn stone Systems, Inc. and the purchaser. It is devised to extend and safeguard the purchaser's rights during the registration process of securities. Different types of amendments may exist, altering various provisions and addressing specific concerns outlined by the purchaser. The amendment aims to balance the interests of both parties and ensure a fair and transparent registration process.
Florida Amendment No. 1 to Registration Rights Agreement between Turnstone Systems, Inc. and purchaser
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