A Delaware Registration Rights Agreement is a legally binding contract between Alexander and Alexander Services, Inc. and the Purchasers, which grants certain rights to the Purchasers regarding the registration of their securities. This agreement ensures that the Purchasers have the ability to register their securities with the Securities and Exchange Commission (SEC) under certain circumstances. There are several types of Delaware Registration Rights Agreements between Alexander and Alexander Services, Inc. and the Purchasers. Some commonly used ones include Demand Registration Rights, Piggyback Registration Rights, and Shelf Registration Rights. Demand Registration Rights provide the Purchasers with the ability to request that Alexander and Alexander Services, Inc. register their securities with the SEC. The Purchasers have the right to make this demand within a specified timeframe and for a certain number of times. The company is then obligated to initiate the registration process and fulfill the requested registration, subject to certain conditions and limitations outlined in the agreement. Piggyback Registration Rights are another type of Delaware Registration Rights Agreement. These rights allow the Purchasers to include their securities in any future registration statement filed by Alexander and Alexander Services, Inc. The Purchasers have the opportunity to "piggyback" on the company's registration process, enabling them to sell their securities alongside the company's registered shares. However, the agreement may impose limitations on the number of shares the Purchasers can include or require their consent to be obtained before including their securities in a registration statement. Shelf Registration Rights provide the Purchasers with the option to register their securities on a "shelf" registration statement. This means that the securities can be registered in advance, and the Purchasers can sell them at their convenience, rather than waiting for a specific registration to be initiated. Shelf registrations offer flexibility and can be particularly valuable when the market conditions are favorable for a sale. Overall, the Delaware Registration Rights Agreement between Alexander and Alexander Services, Inc. and the Purchasers ensures that the Purchasers have the necessary rights and protections when it comes to registering and selling their securities. The agreement outlines the specific conditions, obligations, and limitations that both parties must adhere to in order to facilitate a smooth and efficient registration process.