Texas 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 Title: Understanding Texas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and Purchaser Introduction: The Texas Amendment No. 1 to Registration Rights Agreement refers to an important legal document that outlines the registration rights provided by Turn stone Systems, Inc. (the "Company") to its purchasers. This amendment serves as an addition or modification to the original agreement, allowing both parties to update and enhance their existing registration rights arrangement. Let's delve into the key aspects of this agreement and explore different types of amendments that may exist. 1. Registration Rights Agreement Overview: The Registration Rights Agreement is commonly entered between a company and its investors or purchasers, defining the process and conditions under which these investors can register their shares for public sale. The agreement is designed to protect the shareholder's interests and ensure their ability to sell their shares efficiently. 2. Texas Amendment No. 1 to Registration Rights Agreement: The Texas Amendment No. 1 is a specific modification made to the original Registration Rights Agreement between Turn stone Systems, Inc. and its purchasers. This amendment introduces changes or additions to the original document in order to better reflect the evolving needs and preferences of both parties. 3. Key Provisions and Enhancements Offered by Texas Amendment No. 1: — Expanded Registration Rights: This amendment may include provisions that grant additional registration rights to the purchaser beyond what was initially outlined in the original agreement. These expanded rights may involve the sale of additional shares, increased flexibility, or priority in the registration process. — Altered Conditions and Restrictions: The amendment may modify certain conditions or restrictions on the registration process, providing the purchaser with more favorable terms or easing previous limitations. It can address requirements such as notice periods, lock-up periods, or limitations on the number of shares being registered. — Revised Timing and Deadlines: Texas Amendment No. 1 may introduce changes to the timing and deadlines associated with the registration process, enabling the parties to adjust schedules based on their specific needs. These adjustments ensure better coordination between the purchaser and the company when initiating a registration statement or filing with relevant regulatory authorities. — Other Customizable Provisions: Depending on the specific circumstances, the amendment can introduce a variety of other provisions to better align with the unique requirements of Turn stone Systems, Inc. and the purchaser involved. This may include provisions related to indemnification, contractual obligations, or dispute resolution mechanisms. Types of Texas Amendments to Registration Rights Agreement: While Texas Amendment No. 1 specifically addresses the first amendment to the Registration Rights Agreement, subsequent amendments may also be possible. These subsequent amendments may be numbered accordingly, such as Texas Amendment No. 2, No. 3, and so forth. Each amendment is designed to address specific changes, enhancements, or refinements required in the original agreement. Conclusion: The Texas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser represents an essential legal document that highlights the modifications made to the original registration rights agreement. By utilizing this amendment, both parties can adapt the agreement's provisions to better suit their evolving needs, ensuring a balanced and mutually beneficial contractual relationship.

Title: Understanding Texas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and Purchaser Introduction: The Texas Amendment No. 1 to Registration Rights Agreement refers to an important legal document that outlines the registration rights provided by Turn stone Systems, Inc. (the "Company") to its purchasers. This amendment serves as an addition or modification to the original agreement, allowing both parties to update and enhance their existing registration rights arrangement. Let's delve into the key aspects of this agreement and explore different types of amendments that may exist. 1. Registration Rights Agreement Overview: The Registration Rights Agreement is commonly entered between a company and its investors or purchasers, defining the process and conditions under which these investors can register their shares for public sale. The agreement is designed to protect the shareholder's interests and ensure their ability to sell their shares efficiently. 2. Texas Amendment No. 1 to Registration Rights Agreement: The Texas Amendment No. 1 is a specific modification made to the original Registration Rights Agreement between Turn stone Systems, Inc. and its purchasers. This amendment introduces changes or additions to the original document in order to better reflect the evolving needs and preferences of both parties. 3. Key Provisions and Enhancements Offered by Texas Amendment No. 1: — Expanded Registration Rights: This amendment may include provisions that grant additional registration rights to the purchaser beyond what was initially outlined in the original agreement. These expanded rights may involve the sale of additional shares, increased flexibility, or priority in the registration process. — Altered Conditions and Restrictions: The amendment may modify certain conditions or restrictions on the registration process, providing the purchaser with more favorable terms or easing previous limitations. It can address requirements such as notice periods, lock-up periods, or limitations on the number of shares being registered. — Revised Timing and Deadlines: Texas Amendment No. 1 may introduce changes to the timing and deadlines associated with the registration process, enabling the parties to adjust schedules based on their specific needs. These adjustments ensure better coordination between the purchaser and the company when initiating a registration statement or filing with relevant regulatory authorities. — Other Customizable Provisions: Depending on the specific circumstances, the amendment can introduce a variety of other provisions to better align with the unique requirements of Turn stone Systems, Inc. and the purchaser involved. This may include provisions related to indemnification, contractual obligations, or dispute resolution mechanisms. Types of Texas Amendments to Registration Rights Agreement: While Texas Amendment No. 1 specifically addresses the first amendment to the Registration Rights Agreement, subsequent amendments may also be possible. These subsequent amendments may be numbered accordingly, such as Texas Amendment No. 2, No. 3, and so forth. Each amendment is designed to address specific changes, enhancements, or refinements required in the original agreement. Conclusion: The Texas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser represents an essential legal document that highlights the modifications made to the original registration rights agreement. By utilizing this amendment, both parties can adapt the agreement's provisions to better suit their evolving needs, ensuring a balanced and mutually beneficial contractual relationship.