A Puerto Rico Registration Rights Agreement is a legal document that establishes the rights and obligations of the parties involved, Shell, Inc. and Mole Incorporated, in terms of registering securities in Puerto Rico. This type of agreement is specifically applicable to Puerto Rico's jurisdiction and governs the registration process for securities offerings within the territory. It outlines the responsibilities of both Shell, Inc. and Mole Incorporated regarding the registration of their securities with the appropriate regulatory bodies in Puerto Rico. The Puerto Rico Registration Rights Agreement between Shell, Inc. and Mole Incorporated may involve various types, including: 1. Basic Registration Rights: This type grants the shareholders of Shell, Inc. and Mole Incorporated the right to request the registration of their securities with the Puerto Rico Securities Exchange Commission (PARSEC). These rights may be subject to certain conditions and limitations. 2. Piggyback Registration Rights: Under this type of agreement, shareholders of Shell, Inc. and Mole Incorporated have the privilege to include their securities in a registration statement filed by either party for another purpose, such as an initial public offering (IPO) or a secondary offering. This enables shareholders to take advantage of existing registration efforts and potentially reach a larger investor base. 3. Demand Registration Rights: This category allows the shareholders of Shell, Inc. and Mole Incorporated to request the registration of their securities at any time. The registration can be initiated by the shareholders or the company itself in response to demand from a certain threshold of shareholders. Special terms and conditions, such as limitations on the number of shares to be registered, may be specified. 4. S-3 Registration Rights: If the companies are eligible to use Form S-3 (short-form registration statement) for registering their securities, this type of agreement grants shareholders the right to include their shares in such registration. S-3 filings provide a more streamlined and cost-effective process for registration, but specific eligibility criteria must be met. The Puerto Rico Registration Rights Agreement ensures transparency and compliance with relevant regulations, protecting the interests of both Shell, Inc. and Mole Incorporated shareholders. It establishes the procedures and requirements for registering securities, facilitating the efficient execution of capital market activities in Puerto Rico.