The Arkansas Registration Rights Agreement between VIA Net. Works, Inc. and certain stockholders is a legal document that outlines the rights and obligations of both parties regarding the registration of securities in the state of Arkansas. This agreement is crucial for ensuring transparency and fairness in the sale and transfer of securities. The agreement grants certain rights to the stockholders, allowing them to request the registration of their securities with the appropriate authorities in Arkansas. This registration process enables stockholders to sell or transfer their securities more easily, as it facilitates compliance with the state's securities laws and regulations. There are different types of Arkansas Registration Rights Agreements that might be established between VIA Net. Works, Inc. and its stockholders. These may include the demand registration rights agreement, piggyback registration rights agreement, and the Form S-3 registration rights agreement. The demand registration rights agreement gives stockholders the right to require VIA Net. Works, Inc. to register their securities with the Arkansas Securities Division upon their request. This type of agreement allows stockholders to initiate the registration process when they desire to sell or transfer their securities. On the other hand, the piggyback registration rights agreement allows stockholders to include their securities in the registration statement filed by VIA Net. Works, Inc. for its own offerings. This type of agreement enables the stockholders to take advantage of the company's registration efforts and piggyback on its filing, reducing costs and increasing convenience. Lastly, the Form S-3 registration rights agreement pertains to the eligibility of VIA Net. Works, Inc. to use the simplified registration process provided by Form S-3, a regulatory form used for short-form registration of securities. This type of agreement streamlines the registration process, making it faster and more efficient for both the company and its stockholders. Overall, the Arkansas Registration Rights Agreement is a vital tool for protecting the rights of stockholders and ensuring compliance with the securities laws of the state. It provides clarity and a framework for the registration process, benefiting both VIA Net. Works, Inc. and its stockholders in their securities transactions within Arkansas.