The Arizona Registration Rights Agreement is a legal document that outlines the rights and obligations of the parties involved in the purchase of convertible subordinated debentures within the state of Arizona. This agreement is designed to protect the interests of both the issuer of the debentures and the purchaser by providing certain rights and ensuring proper registration of the securities. One of the key components of the Arizona Registration Rights Agreement is the registration process. This agreement grants the purchaser of the debentures the right to request the registration of their securities with the appropriate regulatory authorities in order to make them freely tradable. The issuer is obligated to use its best efforts to facilitate and complete this registration process within a specific timeframe. The agreement may also include provisions for piggyback registrations. In this scenario, the purchaser has the right to include their securities in a registration statement filed by the issuer for its own securities. This allows the debenture holder to take advantage of the issuer's registration process, reducing the time and costs associated with registering their securities independently. In some cases, there may be specific types of Arizona Registration Rights Agreements that pertain to the purchase of convertible subordinated debentures. These variations can include: 1. Full Registration Rights Agreement: This agreement grants the purchaser the right to demand the registration of their securities for public sale, subject to certain conditions and limitations. 2. Demand Registration Rights Agreement: This type allows the purchaser to request that the issuer register their securities with regulatory authorities, ensuring liquidity and potential resale in the public market. 3. S-3 Shelf Registration Rights Agreement: This agreement permits the holder of the debentures to include their securities in a shelf registration statement, which allows for the offering and sale of securities over a period without the need for additional registration filings. 4. Form S-4 Registration Rights Agreement: In the case of a merger or acquisition involving the issuer, this agreement specifies the rights of the purchaser in regard to the registration of their debentures under the Securities and Exchange Commission's Form S-4. It is essential for both parties to carefully review the terms and conditions of the Arizona Registration Rights Agreement to ensure they fully understand their rights and obligations regarding the registration of convertible subordinated debentures. Consulting with legal professionals experienced in securities law is highly recommended navigating the complexities of these agreements effectively.