Arkansas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and purchaser is a legal document that outlines the terms and conditions related to the registration of securities issued by Turn stone Systems, Inc., a company based in Arkansas, and purchased by the buyer. This agreement is designed to protect the rights and interests of both parties involved in the transaction. The Arkansas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and purchaser covers several important aspects, including: 1. Registration Obligations: The agreement specifies the registration obligations that Turn stone Systems, Inc. has towards the purchaser. This includes the requirement to file necessary registration statements with the Securities and Exchange Commission (SEC) and keep them updated. 2. Demand Registration Rights: The agreement may include provisions for the purchaser to request Turn stone Systems, Inc. to register their securities for sale in the public market. This allows the purchaser to have liquidity and the ability to sell their shares under certain circumstances. 3. Piggyback Registration Rights: Piggyback registration rights grant the purchaser the ability to include their securities in registration statements filed by Turn stone Systems, Inc. for its own offerings or by other shareholders of the company. 4. Expenses and Indemnification: The agreement outlines the allocation of expenses related to the registration process between Turn stone Systems, Inc. and the purchaser. It may also address indemnification provisions to protect both parties from any losses or liabilities arising from the registration process. 5. Transfer Restrictions: The agreement may impose certain transfer restrictions on the purchaser's securities to ensure compliance with securities laws and regulations. It's important to note that different types of amendments may be made to the Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser. These amendments may vary in their scope and purpose depending on the needs of both parties. Some possible variations include amendments related to specific registration deadlines, changes in registration procedures, or modifications to the transfer restrictions. In conclusion, the Arkansas Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is a legal document that governs the registration of securities issued by Turn stone Systems, Inc. and purchased by the buyer. The agreement covers various aspects such as registration obligations, demand and piggyback registration rights, expenses, indemnification, and transfer restrictions. The specific types of amendments that can be made to this agreement may vary depending on the circumstances and requirements of the parties involved.