The Bronx New York Registration Rights Agreement is a legally binding contract between Alexander and Alexander Services, Inc. and Purchasers, which establishes the terms and conditions for the registration of securities issued by the company. This agreement ensures that purchasers of the securities have the right to demand the registration of their shares with the Securities and Exchange Commission (SEC) and other relevant regulatory bodies. The primary purpose of the Bronx New York Registration Rights Agreement is to provide transparency and liquidity to the purchasers of securities. It grants them the right to request the registration of their securities for public sale or trading, allowing them to freely transfer their shares in the market. By obtaining registration rights, shareholders gain access to the public market and potentially increase the value and marketability of their investments. There are two main types of Bronx New York Registration Rights Agreement: 1. Piggyback Registration Rights: This type of registration allows the purchaser to include their shares in the company's registration statement. If the company decides to register additional shares for sale to the public, the purchaser can "piggyback" their shares onto the registration, avoiding the costs and efforts associated with filing a separate registration statement. 2. Demand Registration Rights: With demand registration rights, the purchaser has the power to require the company to register their shares at any time after a specified waiting period. These rights can be exercised if the company fails to initiate a registration statement within a predetermined period or fails to register the requested amount of securities. The purchaser can then enforce their demand by providing a written notice to the company. Other provisions commonly found in the Bronx New York Registration Rights Agreement include restrictions on transferability, indemnification clauses, obligations of the parties involved, and termination provisions. In summary, the Bronx New York Registration Rights Agreement is a crucial document that protects the rights of purchasers by granting them the ability to register their securities for public trading or sale. It ensures transparency, liquidity, and potential value enhancement of the securities. The two main types of registration rights are piggyback registration rights and demand registration rights, each serving distinct purposes for the purchasers. It is important for all parties involved to thoroughly review and understand the terms and conditions of this agreement before entering into any securities' transaction.