The New Hampshire Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers is a legal document that outlines the rights and obligations of both parties regarding the registration of securities. This agreement is specifically tailored to comply with New Hampshire state laws and regulations. Registration rights agreements are often entered into when a company offers securities to the public through an initial public offering (IPO) or a subsequent offering. These agreements aim to protect the investors' interests by ensuring that the securities they purchased can be freely traded in the public market. In New Hampshire, there are different types of Registration Rights Agreements that can be established between Alexander and Alexander Services, Inc. and Purchasers, such as: 1. Piggyback Registration Rights: This type of agreement grants the Purchasers the right to have their shares included in a registration statement filed by Alexander and Alexander Services, Inc. These rights "piggyback" on the company's own registration, allowing the Purchasers to benefit from the company's efforts to register its securities. 2. Demand Registration Rights: In this type of agreement, the Purchasers have the right to request that Alexander and Alexander Services, Inc. file a registration statement with the appropriate regulatory authorities to register their securities. The company is obligated to fulfill this demand within a specified timeframe, usually at the expense of the company. 3. Form S-3 Registration Rights: This variant applies to certain qualified investors and enables them to request registration under Form S-3, a simplified registration statement used by companies that meet specific eligibility requirements. Form S-3 registration rights facilitate a faster and less burdensome registration process. 4. Shelf Registration Rights: Purchasers holding these rights can request that Alexander and Alexander Services, Inc. file a shelf registration statement allowing the securities to be sold periodically over the course of a designated period, typically up to three years. Shelf registrations provide flexibility and convenience for the Purchasers, who can sell their securities without having to go through the full registration process each time. It is crucial for both Alexander and Alexander Services, Inc. and Purchasers to carefully review and negotiate the terms within the New Hampshire Registration Rights Agreement to ensure alignment with their goals and legal obligations. This agreement helps foster confidence and transparency between the parties involved and ensures compliance with applicable securities laws. Consulting legal professionals with expertise in securities regulation is highly recommended ensuring the agreement's accuracy and adequacy.