Salt Lake City, Utah Registration Rights Agreement is a legally binding contract between Alexander and Alexander Services, Inc. (referred to as the "Company") and the Purchasers. This agreement grants certain rights to the Purchasers in regard to the registration of their securities issued by the Company. The primary objective of this agreement is to facilitate the registration of the Purchasers' securities with the Securities and Exchange Commission (SEC) and other regulatory bodies. By registering these securities, the Purchasers gain the ability to freely trade or sell their securities in the market. Under the Salt Lake City, Utah Registration Rights Agreement, there are two main types of registration rights that may be granted to the Purchasers: 1. Demand Registration Rights: This type of registration right allows the Purchasers to request the Company to register their securities with the SEC. The request can be made at any time during a specified period, known as the "Demand Registration Period." The Company is obligated to file the necessary registration statement and fulfill its obligations to facilitate the registration process. 2. Piggyback Registration Rights: In this type of registration right, the Purchasers have the opportunity to include their securities in a registration statement filed by the Company for its own securities. If the Company decides to register its securities for any reason, such as an initial public offering, the Purchasers can "piggyback" on that registration and have their securities included in the same filing. The Salt Lake City, Utah Registration Rights Agreement defines the procedures and timelines for exercising these rights. It also establishes the responsibilities of both parties, including the costs and expenses associated with the registration process. Additionally, the agreement may specify certain restrictions or limitations on the Purchasers' ability to transfer or sell their registered securities. It is essential for both the Company and the Purchasers to carefully review and understand the terms of the Salt Lake City, Utah Registration Rights Agreement before entering into it. Legal counsel may be involved in drafting and negotiating the agreement to ensure that the rights and obligations of both parties are properly addressed and protected. In conclusion, the Salt Lake City, Utah Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers is a crucial document that outlines the registration rights granted to the Purchasers regarding their securities. It serves to provide transparency, facilitate market liquidity, and protect the interests of both the Company and the Purchasers.