Oklahoma Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9136
• Format: Word; Rich Text

Description

Registration Rights Agreement dated January 12, 1998. 23 pages A detailed description of the Oklahoma Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser: The Oklahoma Registration Rights Agreement is a legally binding document that outlines the rights and obligations of Turn stone Systems, Inc. (the "Company") and the purchaser regarding the registration of securities issued by the Company. This agreement pertains specifically to securities offered in the state of Oklahoma. The purpose of the Registration Rights Agreement is to establish certain rights and protections for the purchaser, ensuring their ability to have their securities registered and available for public sale when desired. These rights are designed to provide the purchaser with liquidity and flexibility in managing their investment in the Company. Some key provisions typically included in an Oklahoma Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser are as follows: 1. Demand Registration Rights: The purchaser may request the Company to register their securities for public sale. The Company must comply with this request within a specified timeframe and at its own expense. 2. Piggyback Registration Rights: In the event that the Company registers any of its securities for public sale, the purchaser has the right to include their securities in the registration. This allows the purchaser to take advantage of the registration process initiated by the Company. 3. Shelf Registration: The Company may agree to maintain a shelf registration statement to enable the purchaser to sell their securities in the future, subject to certain limitations and conditions. 4. Expenses and Indemnification: The agreement typically specifies who will bear the expenses related to the registration process, such as legal fees and filing costs. It also outlines the indemnification rights of both the Company and the purchaser, protecting them against any liabilities arising from the registration. 5. Lock-Up Periods: In certain cases, the purchaser may agree to a lock-up period during which they will not sell or transfer their registered securities. This is often done to maintain stability in the market and prevent potential price fluctuations. Different types of Oklahoma Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser may exist depending on factors such as the class of securities being registered, the timeline for registration, and specific terms negotiated between the parties. It is important for both the Company and the purchaser to carefully review and negotiate the terms of the agreement to ensure they align with their respective goals and requirements. Keywords: Oklahoma Registration Rights Agreement, Turn stone Systems, Inc., purchaser, securities, demand registration rights, piggyback registration rights, shelf registration, expenses, indemnification, lock-up periods.

A detailed description of the Oklahoma Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser: The Oklahoma Registration Rights Agreement is a legally binding document that outlines the rights and obligations of Turn stone Systems, Inc. (the "Company") and the purchaser regarding the registration of securities issued by the Company. This agreement pertains specifically to securities offered in the state of Oklahoma. The purpose of the Registration Rights Agreement is to establish certain rights and protections for the purchaser, ensuring their ability to have their securities registered and available for public sale when desired. These rights are designed to provide the purchaser with liquidity and flexibility in managing their investment in the Company. Some key provisions typically included in an Oklahoma Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser are as follows: 1. Demand Registration Rights: The purchaser may request the Company to register their securities for public sale. The Company must comply with this request within a specified timeframe and at its own expense. 2. Piggyback Registration Rights: In the event that the Company registers any of its securities for public sale, the purchaser has the right to include their securities in the registration. This allows the purchaser to take advantage of the registration process initiated by the Company. 3. Shelf Registration: The Company may agree to maintain a shelf registration statement to enable the purchaser to sell their securities in the future, subject to certain limitations and conditions. 4. Expenses and Indemnification: The agreement typically specifies who will bear the expenses related to the registration process, such as legal fees and filing costs. It also outlines the indemnification rights of both the Company and the purchaser, protecting them against any liabilities arising from the registration. 5. Lock-Up Periods: In certain cases, the purchaser may agree to a lock-up period during which they will not sell or transfer their registered securities. This is often done to maintain stability in the market and prevent potential price fluctuations. Different types of Oklahoma Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser may exist depending on factors such as the class of securities being registered, the timeline for registration, and specific terms negotiated between the parties. It is important for both the Company and the purchaser to carefully review and negotiate the terms of the agreement to ensure they align with their respective goals and requirements. Keywords: Oklahoma Registration Rights Agreement, Turn stone Systems, Inc., purchaser, securities, demand registration rights, piggyback registration rights, shelf registration, expenses, indemnification, lock-up periods.