Rhode Island Registration Rights Agreement is a legal document outlining the rights and conditions related to the registration of securities issued by Alexander and Alexander Services, Inc. (hereinafter referred to as "the Company") to the Purchasers. This agreement is crucial for maintaining transparency and facilitating the buying and selling of securities in compliance with the applicable laws and regulations of Rhode Island. Under this Agreement, the Company grants certain registration rights to the Purchasers, allowing them to register the securities they hold for public sale or transfer. The agreement ensures that the Purchasers are not unreasonably restricted in their ability to sell their securities in the public market by enabling them to have their shares registered with the appropriate regulatory authorities. There are different types of Rhode Island Registration Rights Agreements, categorized based on the specific registration rights granted. Here are a few examples: 1. Demand Registration Rights: This type of agreement allows the Purchasers to request that the Company registers their securities for public resale at any time within a specified period. The Company is obligated to act upon such demand and file the necessary registration statement within a reasonable time frame. 2. Piggyback Registration Rights: With piggyback registration rights, the Purchasers have the opportunity to include their securities in registration statements filed by the Company for its own securities or other stockholders. This ensures that the Purchasers can take advantage of the Company's registration efforts without incurring separate registration costs. 3. Shelf Registration Rights: Shelf registration allows the Purchasers to have their securities included in a shelf registration statement filed by the Company. Shelf registration enables the Purchasers to have greater flexibility in selling their securities whenever they deem it appropriate, subject to compliance with relevant securities laws. 4. Form S-3 Registration Rights: This type of registration right is contingent upon the Company's eligibility to use Form S-3, a simplified registration statement. If the Company becomes eligible to utilize Form S-3, it grants the Purchasers the right to request inclusion of their securities in registration statements using that specific form. It is essential for both parties to understand the terms and conditions set forth in the Rhode Island Registration Rights Agreement, including limitations, timelines, and any associated costs. This agreement aims to protect the rights of the Purchasers while ensuring the Company abides by the necessary regulations concerning securities and their registration. Engaging in thorough legal counsel is advisable in order to draft a comprehensive agreement that suits the specific needs of both the Company and the Purchasers.