The Washington Registration Rights Agreement is a legal contract between Shell, Inc. and Mole Incorporated, outlining the rights of Shell as a registered shareholder of Mole, and the obligations Mole has towards providing them with registration rights for their shares. This agreement ensures that Shell, as a shareholder, has the ability to register their shares with the relevant securities regulatory authorities in Washington, allowing them to freely buy or sell their shares in the public market if desired. Key terms of the Washington Registration Rights Agreement may include the following: 1. Registration Filing: The agreement may specify the timeframe under which Mole is obligated to file the necessary registration statement with the Washington securities regulatory authority to enable Shell to register their shares. 2. Registration Expenses: The agreement may address the allocation of the expenses incurred during the registration process. This could include legal fees, accounting fees, registration fees, and other related costs. 3. Demand Registration: In certain cases, the agreement may provide Shell with the right to request Mole to register their shares on demand. This allows Shell to trigger the registration process if they wish to sell a significant number of shares. 4. Piggyback Registration: The agreement may include a provision allowing Shell to include their shares in a registration statement filed by Mole, if Mole decides to register additional securities for its own purposes. This allows Shell to benefit from the registration process without having to initiate it themselves. 5. Notice and Marketing Requirements: The agreement may outline the procedures and timeframes for providing notice to Shell of any upcoming registration statement filings. It could also include restrictions on the manner in which Shell is allowed to market their shares during the registration process. It is worth noting that the Washington Registration Rights Agreement may vary in its specific terms and conditions depending on the negotiations between the parties involved. Different types of this agreement may exist based on the specific rights, obligations, or enhancements desired by either Shell or Mole, such as the inclusion of specific milestones, alternative dispute resolution mechanisms, or additional registration provisions for certain events, like an initial public offering or a merger/acquisition.