Wayne Michigan Registration Rights Agreement is a legal document outlining the rights and obligations between Turn stone Systems, Inc. (the "Company") and the purchaser (the "Purchaser") regarding the registration of securities. This agreement enables the Purchaser to request the Company to register their shares with the appropriate regulatory bodies, allowing the Purchaser to freely sell or transfer their securities if certain conditions are met. The Wayne Michigan Registration Rights Agreement provides various types of registration rights, namely: 1. Demand Registration Rights: This type of registration right allows the Purchaser to request the Company to initiate a registration statement for the resale of their securities. The Purchaser can make these demands at any time within a predetermined timeframe, subject to certain conditions and limitations specified within the agreement. 2. Piggyback Registration Rights: Under this provision, if the Company plans to file a registration statement for its securities, the Purchaser has the right, but not the obligation, to include their shares in the registration. This allows the Purchaser to piggyback on the Company's registration statement, reducing costs and administrative burden. 3. Shelf Registration Rights: This type of registration right grants the Purchaser the ability to have their securities included in a shelf registration statement filed by the Company. A shelf registration statement allows the Purchaser to sell their securities over a predetermined period without filing additional registration statements. 4. Form S-3 Registration Rights: If the Company becomes eligible to use Form S-3 (a simplified registration form), the Purchaser may request the Company to include their securities in any registration statement filed on Form S-3, subject to applicable restrictions. The Wayne Michigan Registration Rights Agreement also typically includes provisions defining the procedures, timing, and expenses related to the registration process. It may address indemnification obligations, lock-up periods, and other important terms that protect the interests of both the Company and the Purchaser. It is important to note that the specific terms and conditions of the Wayne Michigan Registration Rights Agreement may vary depending on the negotiation between Turn stone Systems, Inc. and the Purchaser. Therefore, it is essential for both parties to carefully review and negotiate the agreement to ensure their respective rights and obligations are adequately addressed and protected.
Wayne Michigan Registration Rights Agreement between Turnstone Systems, Inc. and purchaser
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How to fill out Wayne Michigan Registration Rights Agreement Between Turnstone Systems, Inc. And Purchaser?
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