The Virgin Islands Registration Rights Agreement between Trident Group, Inc. and Trident Stockholders is a legally binding document that outlines the rights and obligations of both parties in relation to the registration and sale of securities in the Virgin Islands. Virgin Islands Registration Rights Agreement: 1. Overview: This section provides a comprehensive introduction to the agreement, stating the purpose, scope, and key definitions. 2. Parties to the Agreement: The agreement identifies Trident Group, Inc. as the issuer of securities and Trident Stockholders as the registered holders of these securities. 3. Registration Obligations: The agreement outlines the obligations of Trident Group, Inc. to register the securities with the Virgin Islands Securities and Exchange Commission (Vise) and any other relevant regulatory bodies. It specifies the timeline, process, and costs associated with the registration. 4. Demand Registration: This section elaborates on the rights of the Trident Stockholders to request the company to register their securities for public sale. It includes provisions related to notice periods and the minimum number of shares required for a demand registration. 5. Piggyback Registration: In the event that Trident Group, Inc. elects to register any of its securities under the Securities Act, this clause grants Trident Stockholders the right to include their securities in the registration process. It explains the procedures and limitations related to piggyback registration. 6. Expenses and Indemnification: This section details the allocation of expenses incurred in the registration process, such as legal fees, filing fees, and underwriting discounts. It also addresses indemnification and liability provisions to protect both parties. 7. Termination and Amendment: The agreement outlines circumstances under which the registration rights may be terminated or amended, with provisions for mutual agreement or termination upon certain events, such as a change in control of Trident Group, Inc. 8. Governing Law and Jurisdiction: This clause specifies that the agreement shall be governed by the laws of the Virgin Islands and any disputes will be resolved through arbitration or litigation in the Virgin Islands courts. Different Types of Virgin Islands Registration Rights Agreement: 1. Initial Virgin Islands Registration Rights Agreement: Refers to the first agreement entered into by Trident Group, Inc. and Trident Stockholders when initially seeking to register securities in the Virgin Islands. 2. Amended and Restated Virgin Islands Registration Rights Agreement: Occurs when changes or updates are made to the original agreement, typically to reflect changes in the rights and obligations of both parties or to incorporate new regulatory requirements. 3. Supplemental Virgin Islands Registration Rights Agreement: Can be used to address specific additional rights or obligations not covered in the initial agreement, such as the registration of a separate class of securities or the inclusion of additional stockholders.