Maryland Registration Rights Agreement is a legally binding contract between Turn stone Systems, Inc. and a purchaser that outlines the rights and obligations related to the registration of securities offered or sold by the company in the state of Maryland. This agreement provides the purchaser with certain privileges and protections regarding the registration process, ensuring transparency and regulatory compliance. There are several types of Maryland Registration Rights Agreements that may exist between Turn stone Systems, Inc. and the purchaser, including: 1. Basic Registration Rights: This type of agreement grants the purchaser the right to request registration of their securities with the Maryland Securities Commission. Turn stone Systems, Inc. is obligated to register these securities within a specified timeframe. 2. Demand Registration Rights: The agreement may include provisions for demand registration rights, enabling the purchaser to require Turn stone Systems, Inc. to register their securities with the Maryland Securities Commission upon request. This allows the purchaser to have greater control over the timing and process of registration. 3. Piggyback Registration Rights: In a piggyback registration rights agreement, the purchaser is granted the opportunity to include their securities in a registration statement filed by Turn stone Systems, Inc. This allows the purchaser to benefit from the company's registration process and potentially reach a larger pool of potential buyers. 4. Shelf Registration Rights: Turn stone Systems, Inc. may agree to provide the purchaser with shelf registration rights, allowing them to offer and sell their securities over a designated period of time. This enables the purchaser to have more flexibility in timing their offerings and taking advantage of favorable market conditions. 5. Form S-3 Registration Rights: If applicable, a Maryland Registration Rights Agreement may include provisions allowing the purchaser to utilize Form S-3 for registration. Form S-3 is a simplified registration statement that certain qualified issuers can use for securities offerings, providing a quicker and more streamlined process. It is important to note that the specific terms and provisions of a Maryland Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser will vary depending on the negotiations and the unique circumstances of the parties involved. Therefore, it is essential to carefully review the agreement to understand the exact rights and obligations established.