The North Carolina Registration Rights Agreement is a binding contract that outlines the rights and obligations of Alexander and Alexander Services, Inc. (hereinafter referred to as "Issuer") and the Purchasers relating to the registration of certain securities in compliance with state laws in North Carolina. This agreement is crucial for companies looking to issue securities to public investors in North Carolina and establishes the framework for ensuring compliance with regulatory requirements. The primary purpose of the North Carolina Registration Rights Agreement is to provide the Purchasers with registration rights pertaining to the securities they have acquired from the Issuer. These rights enable the Purchasers to request the registration of their securities with the North Carolina Securities Division or any other relevant regulatory authority in the state. One of the key types of the North Carolina Registration Rights Agreement is the Piggyback Registration Rights. Under these rights, the Purchasers have the option to include their securities in any subsequent registration statement filed by the Issuer. This allows them to benefit from the efficiencies and cost-sharing associated with the Issuer's registration efforts. Another type of the North Carolina Registration Rights Agreement is the Demand Registration Rights. This grants the Purchasers the right to require the Issuer to file a registration statement at their request. The demand may be made for the registration of all or a portion of the Purchasers' securities, but it is subject to certain limitations stated in the agreement. The North Carolina Registration Rights Agreement typically includes provisions related to indemnification, representations and warranties, and termination rights. These provisions aim to protect the interests of both parties involved in the agreement, ensuring compliance with applicable laws and regulations while establishing a mutually beneficial relationship. This agreement is of utmost importance as it outlines the specific procedures, responsibilities, and rights in relation to the registration of securities in North Carolina. By establishing clear guidelines, the agreement ensures transparency, enhances investor confidence, and facilitates a smooth registration process. In conclusion, the North Carolina Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers is a legal document that governs the registration of securities in compliance with state laws. The agreement encompasses various types such as Piggyback Registration Rights and Demand Registration Rights, all aimed at protecting the interests of the Issuer and the Purchasers. It serves as a crucial tool for companies seeking to issue securities in North Carolina, enabling compliance with regulatory requirements and fostering investor confidence.