Clark Nevada Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

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

Description

Registration Rights Agreement dated January 12, 1998. 23 pages The Clark Nevada Registration Rights Agreement is a legal document that governs the registration rights of stockholders who have purchased shares from Turn stone Systems, Inc. in Clark Nevada. This agreement outlines the rights and obligations of both the company and the purchaser regarding the registration and sale of these shares. The agreement provides the purchaser with certain rights pertaining to the registration of their shares with the Securities and Exchange Commission (SEC). These rights are essential to ensure that the purchaser can freely sell or transfer their shares in compliance with relevant securities laws. Under the Clark Nevada Registration Rights Agreement, there can be different types of registration rights available to the purchaser, including demand registration rights and piggyback registration rights. Demand registration rights refer to the purchaser's ability to initiate the registration process with the company, requiring Turn stone Systems, Inc. to file the necessary documentation with the SEC for the sale of the purchaser's registered shares. This type of registration right allows the purchaser to control the timing and process of registering their shares, facilitating liquidity and potential exit strategies. Piggyback registration rights, on the other hand, grant the purchaser the option to include their shares alongside any registration initiated by the company or other stockholders. If Turn stone Systems, Inc. intends to register its shares for public sale or if another stockholder wishes to register their shares, the purchaser with piggyback registration rights can request to include their securities in the registration process. This ensures that the purchaser can take advantage of potential market opportunities without independently initiating the registration process. It's crucial for both Turn stone Systems, Inc. and the purchaser to understand the specific provisions and conditions outlined in the Clark Nevada Registration Rights Agreement. This agreement typically includes details about the registration process, timelines, expenses, and indemnification. By having a clear understanding of these rights, obligations, and limitations, both parties can maintain transparency and avoid any potential disputes or misunderstandings regarding the registration and sale of the purchaser's shares.

The Clark Nevada Registration Rights Agreement is a legal document that governs the registration rights of stockholders who have purchased shares from Turn stone Systems, Inc. in Clark Nevada. This agreement outlines the rights and obligations of both the company and the purchaser regarding the registration and sale of these shares. The agreement provides the purchaser with certain rights pertaining to the registration of their shares with the Securities and Exchange Commission (SEC). These rights are essential to ensure that the purchaser can freely sell or transfer their shares in compliance with relevant securities laws. Under the Clark Nevada Registration Rights Agreement, there can be different types of registration rights available to the purchaser, including demand registration rights and piggyback registration rights. Demand registration rights refer to the purchaser's ability to initiate the registration process with the company, requiring Turn stone Systems, Inc. to file the necessary documentation with the SEC for the sale of the purchaser's registered shares. This type of registration right allows the purchaser to control the timing and process of registering their shares, facilitating liquidity and potential exit strategies. Piggyback registration rights, on the other hand, grant the purchaser the option to include their shares alongside any registration initiated by the company or other stockholders. If Turn stone Systems, Inc. intends to register its shares for public sale or if another stockholder wishes to register their shares, the purchaser with piggyback registration rights can request to include their securities in the registration process. This ensures that the purchaser can take advantage of potential market opportunities without independently initiating the registration process. It's crucial for both Turn stone Systems, Inc. and the purchaser to understand the specific provisions and conditions outlined in the Clark Nevada Registration Rights Agreement. This agreement typically includes details about the registration process, timelines, expenses, and indemnification. By having a clear understanding of these rights, obligations, and limitations, both parties can maintain transparency and avoid any potential disputes or misunderstandings regarding the registration and sale of the purchaser's shares.