A Hillsborough Florida Registration Rights Agreement is a legally binding contract between Alexander and Alexander Services, Inc. (referred to as the "Company") and Purchasers (referred to as the "Investors"). This agreement grants the Investors certain rights regarding the registration of their securities with the Securities and Exchange Commission (SEC) under the federal securities laws. The purpose of the Hillsborough Florida Registration Rights Agreement is to enable the Investors to freely sell or transfer their securities in compliance with applicable securities regulations. This agreement ensures that the Company will file a registration statement with the SEC and take necessary actions to register the securities covered under the agreement on behalf of the Investors. There are three main types of Hillsborough Florida Registration Rights Agreements between Alexander and Alexander Services, Inc. and Purchasers: 1. Demand Registration Rights: This type of agreement allows the Investors to request the Company to register their securities for sale to the public at any time after a specified waiting period. The Investors have the authority to demand the Company file a registration statement with the SEC, initiating the registration process. 2. Piggyback Registration Rights: Under this agreement, the Investors are given the option to include their securities alongside the Company's securities in any registration statement filed by the Company. This gives them the opportunity to sell their securities to the public, taking advantage of the Company's registration efforts. 3. S-3 Shelf Registration Rights: In certain cases, the Company may grant the Investors the right to utilize a simplified registration process using Form S-3, which allows for the registration of securities on a "shelf" basis. This agreement allows the Investors to offer and sell their securities directly to the public without requiring the Company's involvement in the registration process. It is important to note that the specific terms and conditions of the Hillsborough Florida Registration Rights Agreement, such as the number of securities being registered, the registration expenses, indemnification clauses, and other related provisions, will vary depending on the negotiated agreement between Alexander and Alexander Services, Inc. and the Purchasers. Overall, the Hillsborough Florida Registration Rights Agreement serves as a mechanism to ensure transparency, compliance, and ease of transferability for the Investors' securities, providing them with greater flexibility in the sale and disposition of their investments, while also benefiting the Company by bolstering investor confidence and liquidity.