Vermont 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 Vermont Registration Rights Agreement is a legal contract that outlines the rights and obligations of Turn stone Systems, Inc. and its purchaser regarding the registration of securities in the state of Vermont. This agreement grants certain rights to the purchaser to register their securities with the state securities regulatory authority. The Vermont Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser ensures that the purchaser has the ability to register their securities and subsequently sell or transfer them in compliance with Vermont state laws. This agreement also provides guidelines and procedures for the registration process, ensuring transparency and consistency. Key terms and provisions of the Vermont Registration Rights Agreement may include the following: 1. Registration Rights: The agreement grants the purchaser the right to request the registration of their securities with the Vermont securities regulatory authority, allowing them to offer and sell the registered securities in compliance with state regulations. 2. Filing and Expenses: The agreement outlines the responsibility and allocation of filing fees, legal fees, and other expenses associated with the registration process. It may state whether Turn stone Systems, Inc. will cover these expenses or if they are to be borne by the purchaser. 3. Demand Registration: This provision allows the purchaser to request registration of their securities on demand, subject to certain conditions defined in the agreement. These conditions may include a minimum number of securities to be registered or a lock-up period. 4. Piggyback Registration: This provision gives the purchaser the right to include their securities in any registration statement filed by Turn stone Systems, Inc., subject to applicable terms and conditions. If Turn stone Systems, Inc. plans to conduct an initial public offering (IPO), this provision allows the purchaser to have their securities registered alongside the company's shares. 5. Market Standoff: In the case of an IPO, the agreement may include a market standoff provision, which restricts the sale or transfer of securities for a specified period after the IPO to prevent excessive volatility. 6. Indemnification: The agreement may include provisions for indemnification, stating that Turn stone Systems, Inc. will compensate and hold the purchaser harmless from any losses, expenses, or liabilities arising from inaccurate or misleading statements in the registration materials. 7. Governing Law and Jurisdiction: This provision determines the state-specific laws that govern the agreement and the jurisdiction where any potential disputes will be settled. Different types or variations of Vermont Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser may exist depending on the specific circumstances and negotiation between the parties involved. These variations may include customized terms, specific registration periods, or unique provisions tailored to the needs and preferences of both parties.

A Vermont Registration Rights Agreement is a legal contract that outlines the rights and obligations of Turn stone Systems, Inc. and its purchaser regarding the registration of securities in the state of Vermont. This agreement grants certain rights to the purchaser to register their securities with the state securities regulatory authority. The Vermont Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser ensures that the purchaser has the ability to register their securities and subsequently sell or transfer them in compliance with Vermont state laws. This agreement also provides guidelines and procedures for the registration process, ensuring transparency and consistency. Key terms and provisions of the Vermont Registration Rights Agreement may include the following: 1. Registration Rights: The agreement grants the purchaser the right to request the registration of their securities with the Vermont securities regulatory authority, allowing them to offer and sell the registered securities in compliance with state regulations. 2. Filing and Expenses: The agreement outlines the responsibility and allocation of filing fees, legal fees, and other expenses associated with the registration process. It may state whether Turn stone Systems, Inc. will cover these expenses or if they are to be borne by the purchaser. 3. Demand Registration: This provision allows the purchaser to request registration of their securities on demand, subject to certain conditions defined in the agreement. These conditions may include a minimum number of securities to be registered or a lock-up period. 4. Piggyback Registration: This provision gives the purchaser the right to include their securities in any registration statement filed by Turn stone Systems, Inc., subject to applicable terms and conditions. If Turn stone Systems, Inc. plans to conduct an initial public offering (IPO), this provision allows the purchaser to have their securities registered alongside the company's shares. 5. Market Standoff: In the case of an IPO, the agreement may include a market standoff provision, which restricts the sale or transfer of securities for a specified period after the IPO to prevent excessive volatility. 6. Indemnification: The agreement may include provisions for indemnification, stating that Turn stone Systems, Inc. will compensate and hold the purchaser harmless from any losses, expenses, or liabilities arising from inaccurate or misleading statements in the registration materials. 7. Governing Law and Jurisdiction: This provision determines the state-specific laws that govern the agreement and the jurisdiction where any potential disputes will be settled. Different types or variations of Vermont Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser may exist depending on the specific circumstances and negotiation between the parties involved. These variations may include customized terms, specific registration periods, or unique provisions tailored to the needs and preferences of both parties.