Title: Understanding the Maryland Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers Description: In Maryland, the Registration Rights Agreement plays a crucial role in formalizing the relationship between Alexander and Alexander Services, Inc. and the Purchasers. This agreement outlines the rights and obligations of both parties when it comes to the registration of securities issued by the company. With a range of specific types available, it is essential to comprehend the key aspects and types of agreements for a comprehensive understanding. 1. Basic Registration Rights Agreement: The Basic Registration Rights Agreement, often utilized between Alexander and Alexander Services, Inc. and Purchasers, establishes the groundwork for ensuring the ability to register securities, allowing the Purchasers to have their shares registered with the Securities and Exchange Commission (SEC). It outlines the specific terms, conditions, and procedures required to facilitate this. 2. Demand Registration Rights Agreement: Demand Registration Rights Agreements grant the Purchasers the right to request that Alexander and Alexander Services, Inc. initiates a registration statement under specific circumstances. The agreement typically defines the parameters and prerequisites for the Purchasers to exercise their demand right, along with the obligations of the company to comply within a specified timeframe. 3. Piggyback Registration Rights Agreement: A Piggyback Registration Rights Agreement grants the Purchasers the privilege to include their securities in the company's registration statement offered to other security holders when Alexander and Alexander Services, Inc. plans to register its securities for public sale. This ensures that the Purchasers have the opportunity to participate in the registration process alongside the company, thereby enhancing liquidity and potential investment opportunities. 4. Form S-3 Registration Rights Agreement: A Form S-3 Registration Rights Agreement is specific to companies that qualify for the use of Form S-3 registration statements as per SEC regulations. This agreement allows Purchasers to benefit from expedited registration processes under certain circumstances, promoting more efficient and timely access to the public markets. 5. Shelf Registration Rights Agreement: A Shelf Registration Rights Agreement enables the Purchasers to have their securities registered in advance, allowing for their subsequent sale at any chosen time within a predetermined period. This offers flexibility to the Purchasers by eliminating the need to await each specific registration process, helping streamline the resale of securities through a more continuous offering. In conclusion, the Maryland Registration Rights Agreement supports the relationship between Alexander and Alexander Services, Inc. and the Purchasers by defining the terms, conditions, and obligations related to the registration of securities. With various types available, including Basic, Demand, Piggyback, Form S-3, and Shelf Registration Rights Agreements, both parties ensure compliance with relevant regulations, enhancing investor confidence and facilitating the efficient trading of securities.