Kansas Amendment No. 1 to Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9137
• Format: Word; Rich Text

Description

Amendment No. 1 to Registration Rights Agreement between Turnstone Systems, Inc. and purchaser dated January 12, 1998. 6 pages Kansas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is an important legal document outlining specific modifications or additions made to the original agreement regarding registration rights. Registration rights pertain to the ability of shareholders or investors to register their securities with the relevant regulatory authorities, allowing them to sell or transfer these securities to the public. The Kansas Amendment No. 1 brings changes to the existing Registration Rights Agreement between Turn stone Systems, Inc. (the company) and the purchaser (the investor or shareholder). This amendment might be necessary to address certain issues, update specific terms, or accommodate the changing needs of both parties. Within the amendment, various aspects may be covered, including: 1. Expanded Registration Rights: The Kansas Amendment No. 1 may outline additional or expanded registration rights for the purchaser. This could involve granting the investor the ability to register additional shares, allowing them to be sold or transferred to the public. 2. Timing and Deadlines: The amendment can address specific timelines and deadlines for registration, clarifying when the company needs to fulfill its obligations to register the securities on behalf of the purchaser. This ensures a smooth and well-defined registration process. 3. Registration Expenses: The Kansas Amendment No. 1 may address how registration expenses should be allocated between the company and the purchaser. This covers costs related to legal counsel, filing fees, printing, and other expenses associated with the registration process. 4. Indemnification: The amendment might introduce or modify clauses related to indemnification, outlining the company's responsibility to protect the purchaser from any potential legal or financial harm arising from the registration process. 5. Restrictive Legends: The Kansas Amendment No. 1 could address the removal or alteration of restrictive legends on stock certificates. Restrictive legends indicate certain limitations or restrictions on the sale or transfer of securities and their removal allows for easier future transactions. It is important to note that while this description covers some common aspects, the precise contents of the Kansas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser may vary depending on the specific circumstances and the intentions of both parties. There might be other types of Kansas amendments to the Registration Rights Agreement, such as Kansas Amendment No. 2, Kansas Amendment No. 3, and so on, if further changes are made to the original agreement in the future.

Kansas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is an important legal document outlining specific modifications or additions made to the original agreement regarding registration rights. Registration rights pertain to the ability of shareholders or investors to register their securities with the relevant regulatory authorities, allowing them to sell or transfer these securities to the public. The Kansas Amendment No. 1 brings changes to the existing Registration Rights Agreement between Turn stone Systems, Inc. (the company) and the purchaser (the investor or shareholder). This amendment might be necessary to address certain issues, update specific terms, or accommodate the changing needs of both parties. Within the amendment, various aspects may be covered, including: 1. Expanded Registration Rights: The Kansas Amendment No. 1 may outline additional or expanded registration rights for the purchaser. This could involve granting the investor the ability to register additional shares, allowing them to be sold or transferred to the public. 2. Timing and Deadlines: The amendment can address specific timelines and deadlines for registration, clarifying when the company needs to fulfill its obligations to register the securities on behalf of the purchaser. This ensures a smooth and well-defined registration process. 3. Registration Expenses: The Kansas Amendment No. 1 may address how registration expenses should be allocated between the company and the purchaser. This covers costs related to legal counsel, filing fees, printing, and other expenses associated with the registration process. 4. Indemnification: The amendment might introduce or modify clauses related to indemnification, outlining the company's responsibility to protect the purchaser from any potential legal or financial harm arising from the registration process. 5. Restrictive Legends: The Kansas Amendment No. 1 could address the removal or alteration of restrictive legends on stock certificates. Restrictive legends indicate certain limitations or restrictions on the sale or transfer of securities and their removal allows for easier future transactions. It is important to note that while this description covers some common aspects, the precise contents of the Kansas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser may vary depending on the specific circumstances and the intentions of both parties. There might be other types of Kansas amendments to the Registration Rights Agreement, such as Kansas Amendment No. 2, Kansas Amendment No. 3, and so on, if further changes are made to the original agreement in the future.