A Michigan Registration Rights Agreement is a legal document that outlines the rights and obligations of Turn stone Systems, Inc. and the purchaser in regard to the registration of securities. This agreement ensures that the purchaser has the ability to register their securities with the Michigan Securities Division and participate in the public offering process. Keywords: Michigan Registration Rights Agreement, Turn stone Systems, Inc., purchaser, securities, registration, Michigan Securities Division, public offering process. There are two main types of Michigan Registration Rights Agreements that may exist between Turn stone Systems, Inc. and the purchaser: 1. Basic Registration Rights Agreement: This type of agreement grants the purchaser the right to request the registration of their securities with the Michigan Securities Division. The agreement outlines the specific terms and conditions for the registration process, including any applicable deadlines, fees, and disclosure requirements. 2. Demand Registration Rights Agreement: In addition to the basic registration rights, a demand registration rights agreement allows the purchaser to require Turn stone Systems, Inc. to register their securities for sale in certain circumstances. These circumstances may include when the size of the purchaser's securities holding reaches a specific threshold or when certain financial targets are met. It is important to note that the specific terms and conditions of a Michigan Registration Rights Agreement may vary depending on the negotiations between Turn stone Systems, Inc. and the purchaser. These agreements are typically tailored to meet the unique needs and requirements of both parties involved.