The Franklin Ohio Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers is an essential legal document that outlines the rights and obligations of both parties in relation to securities registration. This agreement is designed to protect the interests of the purchasers by ensuring transparency and disclosure standards when it comes to issuing and trading securities, particularly in the state of Ohio. Under this agreement, Alexander and Alexander Services, Inc. commits to registering the securities acquired by the Purchasers, as per the requirements outlined in the Ohio state laws and regulations governing securities offerings. This is done to provide the Purchasers with a level of assurance and liquidity, as well as to comply with legal obligations related to securities offerings. The Franklin Ohio Registration Rights Agreement may encompass various types, depending on the specific terms and conditions agreed upon by Alexander and Alexander Services, Inc. and the Purchasers. Some common types of such agreement might include: 1. Demand Registration Rights: This type of agreement grants the Purchasers the right to request that the company registers their securities under certain circumstances, such as when a particular threshold is met, or when certain conditions specified in the agreement occur. The company then becomes obligated to initiate the registration process within a specific timeframe. 2. Piggyback Registration Rights: In this type of agreement, the Purchasers have the right to have their securities included in a registration statement filed by Alexander and Alexander Services, Inc., typically when the company is already planning to register securities for other purposes. The Purchasers "piggyback" on the company's registration, thus saving time and costs associated with a separate registration process. 3. Shelf Registration Rights: Shelf registration allows the company to register the securities in advance, without offering them immediately. This provides flexibility for the Purchasers to sell their securities in the future under certain conditions, without requiring additional registration processes each time. This type of agreement is often favored when there is an expectation of frequent or continuous offerings. 4. Form S-3 Registration Rights: Form S-3 is a simplified registration form used by well-established companies that meet specific criteria. This type of agreement grants the Purchasers the right to demand registration on Form S-3, provided the company qualifies for its use. Form S-3 registration offers a quicker process and increased flexibility for the Purchasers. In conclusion, the Franklin Ohio Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers is a crucial legal document that ensures compliance with Ohio state securities laws. The agreement may vary in terms of specific rights and requirements, with some common types including demand registration rights, piggyback registration rights, shelf registration rights, and Form S-3 registration rights.