Lima Arizona Registration Rights Agreement is a legally binding document that outlines the rights and obligations between Alexander and Alexander Services, Inc. and Purchasers in relation to the registration of securities issued by the company. This agreement is essential for ensuring transparency and accountability in the securities market. The main purpose of the Lima Arizona Registration Rights Agreement is to grant the Purchasers the right to request the registration of their securities with the relevant securities authorities. By registering the securities, the Purchasers gain the ability to freely sell or trade their securities to the public. This agreement also provides guidelines and procedures for the registration process, ensuring a smooth and efficient registration. There are different types of Lima Arizona Registration Rights Agreements that can be established between Alexander and Alexander Services, Inc. and the Purchasers, depending on the specific terms and conditions agreed upon. Some of these types may include: 1. Demand Registration Rights: This type of agreement grants the Purchasers the right to request the registration of their securities at any time. Upon receiving a written demand, Alexander and Alexander Services, Inc. is obligated to initiate the registration process within a specified timeframe. 2. Piggyback Registration Rights: In this type of agreement, the Purchasers are allowed to include their securities in any registration statement filed by Alexander and Alexander Services, Inc. for other securities. This provision enables the Purchasers to benefit from the resources and cost-saving advantages of piggybacking on the company's registration. 3. Shelf Registration Rights: Shelf registration allows the Purchasers to request the registration of securities in advance, without an immediate intention to sell them. This grants the Purchasers the flexibility to access the public markets quickly when they choose to do so. The Lima Arizona Registration Rights Agreement may also cover other essential provisions such as registration expenses, indemnification, restrictions, and limitations on the Purchasers' ability to transfer securities, dispute resolution mechanisms, and termination conditions. In conclusion, the Lima Arizona Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers plays a vital role in establishing a fair and transparent securities market. By agreeing on the specific terms and conditions outlined in the agreement, both parties ensure their rights and obligations are protected, thereby fostering trust and confidence in the securities' industry.