Maine 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 Maine Amendment No. 1 to the Registration Rights Agreement is a legal document that serves as an addendum to the original agreement between Turn stone Systems, Inc. and the purchaser. This amendment is designed to modify and update certain terms and conditions related to the registration of securities issued by Turn stone Systems, Inc. The purpose of this amendment is to provide more flexibility and clarity regarding the registration process, allowing Turn stone Systems, Inc. to register its securities more efficiently and effectively. The agreement aims to protect the rights of the purchaser by ensuring that they have access to relevant information and the ability to sell or transfer their securities in compliance with applicable laws and regulations. Some key elements covered in Maine Amendment No. 1 may include: 1. Modified Registration Rights: This amendment may introduce changes to the registration rights of the purchaser, such as the number of securities they can demand registration for or the timing of registration statements. 2. Piggyback Registration Rights: The amendment might address the terms under which the purchaser can include their securities in a registration initiated by Turn stone Systems, Inc. This provision allows the purchaser to "piggyback" on the company's registration statement, enabling them to offer their securities simultaneously. 3. Notice and Participation: This clause may outline the procedures to be followed when providing notice to the purchaser concerning registration-related matters. It may also detail the purchaser's responsibilities to ensure their participation in the registration process. 4. Indemnification: The Maine Amendment might specify the indemnification rights of both Turn stone Systems, Inc. and the purchaser. Indemnification ensures that each party is protected from any financial harm resulting from potential registration-related disputes or non-compliance. 5. Governing Law and Dispute Resolution: This section may clarify the governing law under which Maine Amendment No. 1 will be enforced. It might also outline the process for resolving any potential disagreements or disputes that may arise between the parties. It's important to note that while the example listed above covers some common elements typically found in amendment agreements, the actual contents and specific terms of Maine Amendment No. 1 may vary depending on the nature of the original agreement and the specific needs of Turn stone Systems, Inc. and the purchaser. Different types of Maine Amendment No. 1 may exist based on variations required by the specific circumstances or contingencies of the original registration rights agreement, such as amendments addressing additional parties joining the agreement, modifications to the definition of securities, or changes in the registration process. Each type of amendment will address the particular changes necessary to adapt the initial agreement to the evolving needs of the parties involved.

Maine Amendment No. 1 to the Registration Rights Agreement is a legal document that serves as an addendum to the original agreement between Turn stone Systems, Inc. and the purchaser. This amendment is designed to modify and update certain terms and conditions related to the registration of securities issued by Turn stone Systems, Inc. The purpose of this amendment is to provide more flexibility and clarity regarding the registration process, allowing Turn stone Systems, Inc. to register its securities more efficiently and effectively. The agreement aims to protect the rights of the purchaser by ensuring that they have access to relevant information and the ability to sell or transfer their securities in compliance with applicable laws and regulations. Some key elements covered in Maine Amendment No. 1 may include: 1. Modified Registration Rights: This amendment may introduce changes to the registration rights of the purchaser, such as the number of securities they can demand registration for or the timing of registration statements. 2. Piggyback Registration Rights: The amendment might address the terms under which the purchaser can include their securities in a registration initiated by Turn stone Systems, Inc. This provision allows the purchaser to "piggyback" on the company's registration statement, enabling them to offer their securities simultaneously. 3. Notice and Participation: This clause may outline the procedures to be followed when providing notice to the purchaser concerning registration-related matters. It may also detail the purchaser's responsibilities to ensure their participation in the registration process. 4. Indemnification: The Maine Amendment might specify the indemnification rights of both Turn stone Systems, Inc. and the purchaser. Indemnification ensures that each party is protected from any financial harm resulting from potential registration-related disputes or non-compliance. 5. Governing Law and Dispute Resolution: This section may clarify the governing law under which Maine Amendment No. 1 will be enforced. It might also outline the process for resolving any potential disagreements or disputes that may arise between the parties. It's important to note that while the example listed above covers some common elements typically found in amendment agreements, the actual contents and specific terms of Maine Amendment No. 1 may vary depending on the nature of the original agreement and the specific needs of Turn stone Systems, Inc. and the purchaser. Different types of Maine Amendment No. 1 may exist based on variations required by the specific circumstances or contingencies of the original registration rights agreement, such as amendments addressing additional parties joining the agreement, modifications to the definition of securities, or changes in the registration process. Each type of amendment will address the particular changes necessary to adapt the initial agreement to the evolving needs of the parties involved.