A Mississippi Registration Rights Agreement is a legally binding document that outlines the rights and obligations of Alexander and Alexander Services, Inc. ("the Company") and its purchasers regarding the registration of securities under Mississippi securities laws. This agreement is designed to ensure compliance and transparency in the sale and purchase of securities by setting forth the procedures and requirements for registering those securities with the Mississippi Secretary of State. The agreement specifies the parties involved, including Alexander and Alexander Services, Inc. as the issuer of the securities, and the purchasers as the investors or shareholders. The Mississippi Registration Rights Agreement typically covers various aspects, including the types of securities being registered, such as common stock, preferred stock, or any other equity or debt securities issued by the Company. It may also include provisions for registering warrants, rights, or other derivative securities associated with the underlying securities. There are different types of Mississippi Registration Rights Agreements, each catering to specific circumstances and requirements. Some common types include: 1. Piggyback Rights: This type of agreement grants the purchasers the right to "piggyback" on the Company's registration statement. If the Company intends to register its securities with the Mississippi Secretary of State, the purchasers have the option to include their securities in the registration and have them become "registrable securities." 2. Demand Rights: In this type of agreement, the purchasers have the right to demand that the Company register their securities if certain conditions are met. The agreement specifies the conditions and the procedure for exercising the demand rights. This allows the purchasers to efficiently monetize their investment by compelling the Company to register the securities and potentially sell them on the market. 3. S-3 Registration Rights: If the Company qualifies for the use of Form S-3, a simplified registration process, the agreement may provide specific rights for purchasers to participate in such registrations. S-3 registration rights generally allow the purchasers to register their securities on short notice without requiring substantial additional documentation or approval. The Mississippi Registration Rights Agreement outlines the obligations of both parties. It typically requires the Company to use its best efforts to ensure registration of the securities and keep the registration statement effective for a specified period. The agreement may also include provisions related to the allocation of registration expenses between the Company and the purchasers. In conclusion, a Mississippi Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers is a crucial document that governs the registration process and rights associated with securities offered by the Company. Understanding the specific type of agreement and its provisions is essential for both the Company and the purchasers to navigate the registration process smoothly and efficiently.