Tarrant Texas Registration Rights Agreement is a legal contract between Alexander and Alexander Services, Inc. (hereinafter referred to as the "Company") and Purchasers (hereinafter referred to as the "Investors"), intending to protect the Investors' rights in the event the Company decides to register its securities with the Securities and Exchange Commission (SEC). This agreement grants the Investors certain privileges and protections in accessing and participating in the registration process. By providing investors with registration rights, the Company aims to enhance the marketability of its securities and attract potential investors by ensuring the availability of critical information. The Tarrant Texas Registration Rights Agreement between Alexander and Alexander Services, Inc. and Purchasers typically includes the following: 1. Registration Statement: The agreement outlines the Company's commitment to filing a registration statement with the SEC promptly. It specifies the types of securities to be registered, including common stock, preferred stock, or other equity securities. 2. Demand Rights: The agreement may grant the Investors the right to request the Company to register their securities. The Investors may exercise this right, known as demand registration, under specific conditions, such as a specified number of shares or a specific aggregate dollar amount. 3. Piggyback Rights: The agreement may provide for piggyback rights, which allow the Investors to include their securities in any registration statement filed by the Company to offer securities for sale to the public. This enables the Investors to benefit from the Company's registration efforts without initiating a separate registration. 4. Effectiveness of Registration: The agreement defines the timelines for the registration process and specifies the actions the Company must take to ensure the registration statement becomes effective. The Company is required to use its best efforts to obtain the SEC's approval within a reasonable period. 5. Expenses: The agreement outlines how the expenses associated with the registration process will be handled. This includes registration fees, legal fees, printing costs, and other related expenses, which are typically borne by the Company. 6. Indemnification: The agreement usually includes provisions for indemnification, ensuring that the Company protects the Investors against any losses, liabilities, or expenses resulting from the registration process, unless caused by the Investors' actions. Additional types of Tarrant Texas Registration Rights Agreements between Alexander and Alexander Services, Inc. and Purchasers may include variations of the above rights and provisions to suit the specific needs and circumstances of the parties involved. It is essential to review the specific terms and conditions stated in the agreement to fully understand the agreement's scope and implications for both the Company and the Investors.