A New Jersey Registration Rights Agreement is a legal document drafted between Alexander and Alexander Services, Inc. (referred to as the "Company") and the Purchasers. This agreement outlines the registration rights conferred upon the Purchasers, who have invested in the Company's securities, in compliance with the securities laws of New Jersey. The purpose of this agreement is to define the rights and obligations of both parties regarding the registration of securities issued by the Company. The registration process ensures that the Purchasers' securities can be publicly traded or sold, subject to certain conditions and legal requirements. The agreement covers various aspects, including the types of securities eligible for registration, the method and timing of registration, and the responsibilities of both parties. It sets out the specific terms for the Company to file a registration statement with the Securities and Exchange Commission (SEC), declaring the Purchasers' securities as eligible for public trading. Additionally, the agreement stipulates the timeframe within which the registration statement must be filed and the Company's commitment to use its best efforts to keep the registration statement effective until the Purchasers' securities are successfully sold or traded. There can be different types of New Jersey Registration Rights Agreements, such as: 1. Demand Registration: This type of agreement grants the Purchasers the right to request the Company to register their securities for public sale at any time. The Company must comply with these demands within a specified time frame. 2. Piggyback Registration: In this scenario, if the Company decides to register any of its securities for public sale, the Purchasers hold the right to include their securities in the registration process. This allows the Purchasers to benefit from the Company's registration efforts. 3. Shelf Registration: This type of agreement permits the Company to register the Purchasers' securities in advance without any immediate intent to sell them. This provides flexibility to the Purchasers when accessing public trading markets in the future. 4. Form S-3 Registration: If the Company is eligible to file a registration statement on Form S-3, a simplified registration process may be available to the Purchasers. This shorter and less complex form saves time and resources for all parties involved. Overall, the New Jersey Registration Rights Agreement serves as an essential protection mechanism for the Purchasers, ensuring their ability to sell or trade their securities in compliance with applicable security laws. It defines the rights and obligations of both the Company and the Purchasers, aiming to establish a transparent and efficient process for registration and public trading.