The Texas Rights Agreement between Monsanto Company and Subserve Trust Company, N.A. is a legally binding document that outlines the rights and obligations of both parties in relation to certain securities or stock options issued by Monsanto Company. This agreement is specific to the state of Texas and is designed to ensure compliance with state laws and regulations. The main purpose of the Texas Rights Agreement is to define the specific terms and conditions related to the exercise of stock options or rights that are granted to employees or shareholders of Monsanto Company. It sets out the procedures and requirements for exercising these rights, including deadlines and other pertinent information. There are different types of Texas Rights Agreements that may exist between Monsanto Company and Subserve Trust Company, N.A. These variations might include: 1. Stock Option Texas Rights Agreement: This type of agreement specifically focuses on stock options granted by Monsanto Company. It outlines the terms for exercising these options, such as the strike price, expiration date, and any restrictions or conditions that may apply. 2. Restricted Stock Unit Texas Rights Agreement: In some cases, Monsanto Company may grant restricted stock units (RSS) to employees or shareholders. This type of agreement would cover the terms and conditions for the vesting and release of this RSS, as well as any restrictions or limitations on their transferability. 3. Performance-Based Texas Rights Agreement: Monsanto Company may also issue performance-based stock options or other incentives to motivate and reward employees or shareholders. A performance-based Texas Rights Agreement would outline the specific performance criteria that must be met to exercise these rights. Regardless of the specific type, all Texas Rights Agreements between Monsanto Company and Subserve Trust Company, N.A. aim to protect the interests of both parties involved and ensure compliance with Texas state laws and regulations. These agreements are essential for maintaining transparency, clarity, and fairness in the exercise of stock options or rights granted by Monsanto Company.