The Minnesota Registration Rights Agreement is a legal contract between Turn stone Systems, Inc. and a purchaser, outlining the registration rights and obligations related to the purchaser's ownership of securities issued by the company. It provides the purchaser with certain rights to have their securities registered with the Securities and Exchange Commission (SEC) and details the procedures and requirements for such registration. The agreement aims to facilitate the smooth and compliant registration process for securities in the state of Minnesota. This agreement includes various terms and conditions, which ensure that the purchaser can sell or transfer their securities in compliance with federal and state securities laws. It also outlines the responsibilities of both parties in terms of providing necessary information and documentation for the registration process. The agreement may specify the number and type of securities to be registered, the time frame within which registration must occur, and any restrictions or limitations on the sale or transfer of the registered securities. There may be different types of Minnesota Registration Rights Agreements between Turn stone Systems, Inc. and a purchaser, depending on various factors such as the size of the investment, the type of securities being registered, and the intended use of the registered securities. Some common types of Minnesota Registration Rights Agreements include: 1. Standard Registration Rights Agreement: This agreement grants the purchaser the right to request the registration of their securities with the SEC and outlines the procedural requirements for such registration. 2. Demand Registration Rights Agreement: In addition to the standard registration rights, this agreement gives the purchaser the right to demand that Turn stone Systems, Inc. registers their securities with the SEC. The agreement specifies the conditions under which the purchaser can exercise this demand right. 3. Piggyback Registration Rights Agreement: This agreement allows the purchaser to include their securities in a registration statement filed by Turn stone Systems, Inc. for other shareholders. This ensures that the purchaser's securities can be sold alongside those of other shareholders in a registered offering. 4. Delayed Registration Rights Agreement: This type of agreement includes provisions allowing Turn stone Systems, Inc. to delay the registration of the purchaser's securities for a certain period of time. This might be useful when the company is planning an upcoming event or milestone that could impact the securities' market value. Overall, the Minnesota Registration Rights Agreement provides a framework for registration and compliance for both Turn stone Systems, Inc. and the purchaser, ensuring that securities can be freely and legally traded in accordance with applicable laws and regulations.