Florida Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers is a legally binding document that outlines the rights and responsibilities of both parties regarding the registration of securities. This agreement is essential when Alexander and Alexander Services, Inc. (the "Company") intends to issue securities to Purchasers (also referred to as investors). The primary purpose of the Registration Rights Agreement is to ensure that the securities issued by the Company can be registered with the relevant government authorities, enabling Purchasers to freely trade or sell them in compliance with applicable securities laws. This enhances the liquidity of the securities and provides Purchasers with the opportunity to exit their investment if desired. Some key points covered in the agreement include: 1. Registration Requirements: The agreement outlines the Company's commitment to register the securities with the U.S. Securities and Exchange Commission (SEC) or any other applicable regulatory authority. It establishes the timeline and procedures for such registrations. 2. Demand Registration: In the event that a Purchaser wishes to sell their securities, they can make a demand to the Company for registration. The agreement stipulates the conditions and procedures for making such a demand, and the Company's obligations to comply with reasonable demands. 3. Piggyback Registration: This provision enables Purchasers to include their securities in any registration statements filed by the Company for its own securities. It ensures that Purchasers have the opportunity to register and sell their securities alongside the Company, without incurring significant additional costs. 4. Expenses and Indemnification: The agreement clarifies the allocation of expenses related to the registration process, including legal fees, filing fees, and other costs. It also provides indemnification to the Purchasers, protecting them against any losses arising from inaccuracies or omissions in the registration statement. 5. Lock-Up Periods: In some cases, the agreement may include lock-up periods, during which Purchasers are restricted from selling or transferring their securities. This period is typically necessary to maintain stability in the market and prevent a sudden influx of securities from flooding the market. It is worth noting that there may be different types or variations of Florida Registration Rights Agreements between Alexander and Alexander Services, Inc. and Purchasers, depending on specific circumstances or negotiations. However, the fundamental purpose of these agreements remains the same: to ensure the registration and availability of securities for trading or sale in compliance with applicable securities laws.