The Maine Registration Rights Agreement between Alexander and Alexander Services, Inc. (Alexander) and Purchasers is a legal document that outlines the rights and obligations of the parties involved in relation to the registration of securities. This agreement ensures that the Purchasers have the ability to register their securities for sale or resale with the Securities and Exchange Commission (SEC) in a timely and efficient manner. The agreement grants the Purchasers certain registration rights, which enable them to require Alexander to register their securities with the SEC. This ensures that the Purchasers have the opportunity to liquidate their investment and access the public markets. Registration rights are particularly important for investors as they allow for increased liquidity and can potentially enhance the value of their investment. There are different types of Maine Registration Rights Agreements between Alexander and Alexander Services, Inc. and Purchasers, including: 1. Demand Registration Rights: This type of registration right allows the Purchasers to request that Alexander registers their securities with the SEC on demand. The Purchasers may exercise this right at any time after a specified period following the initial public offering (IPO) or the completion of a merger or acquisition. 2. Shelf Registration Rights: Under this provision, Alexander agrees to include the securities held by the Purchasers in any registration statement filed with the SEC for a public offering by Alexander or its affiliates. This allows the Purchasers to sell their securities within a designated window period without the need for an additional registration process. 3. Piggyback Registration Rights: This type of registration right allows the Purchasers to include their securities in any registration statement filed by Alexander with the SEC for a public offering. The Purchasers have the opportunity to "piggyback" on Alexander's registration, thereby benefiting from the same terms and conditions. 4. Form S-3 Registration Rights: If Alexander becomes eligible to use Form S-3 for securities offerings, the Purchasers may be entitled to additional registration rights. Form S-3 is a simplified registration statement that allows companies to issue securities without having to file a full-scale registration statement. The Maine Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers is a critical legal document that protects the rights of the Purchasers and ensures their ability to register and sell their securities. By providing various types of registration rights, the agreement offers flexibility and options to the Purchasers, enhancing the overall value and liquidity of their investment.