A Kansas Registration Rights Agreement is a legal contract between Alexander and Alexander Services, Inc. (referred to as the "Company") and Purchasers. This agreement outlines the rights and obligations of the purchasers regarding the registration of the Company's securities under the Securities Act of 1933, as amended. This agreement grants the purchasers the right to request the registration of their securities with the Kansas Securities Commissioner or any other applicable regulatory authority. The purpose of registration is to enable the purchasers to sell or transfer their securities to the public in compliance with state and federal securities laws. There may be different types of Kansas Registration Rights Agreements between Alexander and Alexander Services, Inc. and the Purchasers, including: 1. Demand Registration Rights: This type of agreement allows the purchasers to request the Company to register their securities for sale to the public. The purchasers have the right to initiate the registration process by submitting a written demand to the Company. The Company is then obligated to file the necessary registration statement within a specified period. 2. Piggyback Registration Rights: In a piggyback registration, the purchasers have the right to include their securities in any registration statement filed by the Company for its own securities. If the Company decides to register its securities for public sale, the purchasers have the opportunity to "piggyback" on that registration and have their securities included in the offering. 3. Shelf Registration Rights: This agreement may also include provisions for shelf registration, which allows the purchasers to have their securities registered in advance without specifying the timing or amount of the offering. Shelf registration provides flexibility to the purchasers as they can offer their securities to the public at their discretion within a certain period. The Kansas Registration Rights Agreement includes details such as the number and type of securities being registered, the responsibilities of the Company in filing the registration statement, the obligations of the purchasers in providing necessary information, the registration expenses, and the indemnification provisions. It is important for both the Company and the purchasers to carefully review and negotiate the terms of the Kansas Registration Rights Agreement to ensure that their respective rights and obligations are clearly defined and protected.