Kansas Registration Rights Agreement is a legal contract between Turn stone Systems, Inc. (hereinafter referred to as "Company") and a purchaser (hereinafter referred to as "Purchaser") that governs the registration of securities issued by the Company. This agreement establishes the rights and obligations of both parties regarding the registration of these securities in compliance with the laws of Kansas. The Kansas Registration Rights Agreement between Turn stone Systems, Inc. and Purchaser grants the Purchaser certain rights to require the Company to register the securities they have purchased or acquired. These registration rights provide the Purchaser with the opportunity to sell or transfer the securities in a public market as per regulatory requirements. There are three main types of Kansas Registration Rights Agreement that may exist between Turn stone Systems, Inc. and Purchaser: 1. Demand Registration Rights: This type of agreement grants the Purchaser the right to demand that the Company register their securities for sale in the public market. The Purchaser typically specifies the number and type of securities they wish to register and the Company is obligated to comply within a specified timeframe. 2. Piggyback Registration Rights: In this agreement, the Purchaser obtains the right to include their securities in any registration statement filed by the Company. This means that if the Company decides to register additional securities, the Purchaser has the opportunity to "piggyback" on this registration, allowing them to sell their securities alongside the Company's offering. 3. Form S-3 Registration Rights: This type of registration right is specific to securities that qualify for registration on Form S-3, a shorter and simpler registration form under the Securities Act of 1933. Form S-3 registration rights allow for a faster registration process and offer specific benefits to the Purchaser, such as the ability to continue to sell or transfer securities during the registration period. Kansas Registration Rights Agreement between Turn stone Systems, Inc. and Purchaser typically includes various provisions, such as the Company's obligations to prepare and file registration statements, the timeline for the registration process, the method of distribution, the allocation of registration expenses, and the indemnification of the parties involved. Overall, the Kansas Registration Rights Agreement is an essential legal document that safeguards the rights of the Purchaser and facilitates the registration of securities issued by Turn stone Systems, Inc. in compliance with Kansas laws.
Kansas Registration Rights Agreement between Turnstone Systems, Inc. and purchaser
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