Registration Rights Agreement dated January 12, 1998. 23 pages
Houston Texas Registration Rights Agreement is a legally binding document between Turn stone Systems, Inc. and a purchaser, outlining the specific rights and obligations related to the registration of securities issued by Turn stone Systems, Inc. The agreement grants certain registration rights to the purchaser, allowing them to offer or sell their securities in compliance with applicable securities laws. This agreement includes various key provisions, tailored to the specific circumstances and requirements of Turn stone Systems, Inc. and the purchaser. Some common types of Houston Texas Registration Rights Agreement between Turn stone Systems, Inc. and purchaser are: 1. Demand Registration Rights: This type of agreement grants the purchaser the right to request that Turn stone Systems, Inc. registers their securities with the Securities and Exchange Commission (SEC) on a demand basis. The purchaser can request registration at any time after a specified waiting period. 2. Piggyback Registration Rights: Piggyback registration allows the purchaser to include their securities in registration statements filed by Turn stone Systems, Inc. This allows the purchaser to piggyback, or join, the registration process initiated by Turn stone Systems, Inc., and have their securities registered alongside the company's securities. 3. Form S-3 Shelf Registration Rights: This type of agreement permits the purchaser to have their securities registered on Form S-3, which is a simplified registration process for certain eligible issuers. Form S-3 allows for the registration of securities for future offerings, enabling the purchaser to access the market quickly when desired. 4. Registration Expenses: The agreement outlines the allocation of expenses associated with the registration process. Typically, Turn stone Systems, Inc. bears the costs of the registration, including legal, accounting, and filing fees. However, the agreement may specify certain expenses that shall be borne by the purchaser. 5. Indemnification: The agreement usually contains provisions for indemnification, which means Turn stone Systems, Inc. agrees to compensate the purchaser for any losses, damages, or expenses incurred as a result of any misstatements or omissions made in the registration materials. 6. Lock-up Period: In some cases, the agreement may include a lock-up provision, which restricts the purchaser from selling their registered securities for a specified period after the registration becomes effective. This is often done to protect the market stability and prevent an influx of newly registered securities from flooding the market. It is important to note that the specific terms and conditions of the Houston Texas Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser may vary depending on the parties involved, the nature of the securities, and other relevant factors. Legal counsel should be consulted to ensure compliance with applicable laws and to tailor the agreement to the specific needs of the parties.
Houston Texas Registration Rights Agreement is a legally binding document between Turn stone Systems, Inc. and a purchaser, outlining the specific rights and obligations related to the registration of securities issued by Turn stone Systems, Inc. The agreement grants certain registration rights to the purchaser, allowing them to offer or sell their securities in compliance with applicable securities laws. This agreement includes various key provisions, tailored to the specific circumstances and requirements of Turn stone Systems, Inc. and the purchaser. Some common types of Houston Texas Registration Rights Agreement between Turn stone Systems, Inc. and purchaser are: 1. Demand Registration Rights: This type of agreement grants the purchaser the right to request that Turn stone Systems, Inc. registers their securities with the Securities and Exchange Commission (SEC) on a demand basis. The purchaser can request registration at any time after a specified waiting period. 2. Piggyback Registration Rights: Piggyback registration allows the purchaser to include their securities in registration statements filed by Turn stone Systems, Inc. This allows the purchaser to piggyback, or join, the registration process initiated by Turn stone Systems, Inc., and have their securities registered alongside the company's securities. 3. Form S-3 Shelf Registration Rights: This type of agreement permits the purchaser to have their securities registered on Form S-3, which is a simplified registration process for certain eligible issuers. Form S-3 allows for the registration of securities for future offerings, enabling the purchaser to access the market quickly when desired. 4. Registration Expenses: The agreement outlines the allocation of expenses associated with the registration process. Typically, Turn stone Systems, Inc. bears the costs of the registration, including legal, accounting, and filing fees. However, the agreement may specify certain expenses that shall be borne by the purchaser. 5. Indemnification: The agreement usually contains provisions for indemnification, which means Turn stone Systems, Inc. agrees to compensate the purchaser for any losses, damages, or expenses incurred as a result of any misstatements or omissions made in the registration materials. 6. Lock-up Period: In some cases, the agreement may include a lock-up provision, which restricts the purchaser from selling their registered securities for a specified period after the registration becomes effective. This is often done to protect the market stability and prevent an influx of newly registered securities from flooding the market. It is important to note that the specific terms and conditions of the Houston Texas Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser may vary depending on the parties involved, the nature of the securities, and other relevant factors. Legal counsel should be consulted to ensure compliance with applicable laws and to tailor the agreement to the specific needs of the parties.