The Virginia Registration Rights Agreement is a legally binding contract that outlines the rights and obligations of Alexander and Alexander Services, Inc. (referred to as the "Company") and the Purchasers in relation to the registration of securities issued by the Company. This agreement is designed to ensure that the Purchasers have the right to freely transfer or sell their securities in compliance with applicable securities laws. The agreement contains various key provisions to protect the interests of both parties involved. These provisions may include the following: 1. Registration Rights: The agreement grants the Purchasers the right to request the registration of their securities with the Securities and Exchange Commission (SEC) or any other relevant regulatory authority. This ensures that the Purchasers can sell or transfer their securities in accordance with securities laws. 2. Registration Process: The agreement outlines the procedures and timelines for registering the securities. It specifies the responsibilities of the Company in preparing and filing the necessary registration statements with the SEC, as well as any required amendments or supplements. 3. Expenses and Fees: The agreement clarifies which party will bear the costs associated with the registration process, such as SEC filing fees, legal expenses, and accounting fees. It may also outline any reimbursement provisions for the Purchasers' expenses incurred during the registration. 4. Indemnification: The agreement includes provisions related to indemnification, whereby the Company promises to compensate the Purchasers for any losses, damages, or liabilities arising from inaccuracies in the registration statements or any violations of securities laws by the Company. 5. Piggyback Rights: In some cases, the agreement may grant the Purchasers piggyback registration rights, allowing them to include their securities in future registration statements filed by the Company. This can provide additional flexibility and opportunities for the Purchasers to sell their securities. In terms of different types of Virginia Registration Rights Agreements between Alexander and Alexander Services, Inc. and the Purchasers, they may vary depending on factors such as the type of securities being registered (common stock, preferred stock, etc.), the number of Purchasers involved, and the specific terms negotiated between the parties. However, the general purpose and key provisions discussed above would typically be included in all variations of the agreement.