Kings New York Registration Rights Agreement is a legal document established between Trident Group, Inc. and Trident Stockholders. This agreement outlines the rights and responsibilities of the parties involved regarding the registration of Trident Group's securities with the Securities and Exchange Commission (SEC). The purpose of this agreement is to provide the Trident Stockholders with certain privileges and assurances in terms of publicly offering or selling their Trident Group securities. By granting these registration rights, Trident Group aims to facilitate liquidity and provide a transparent market for the trading of its securities. There are different types of Kings New York Registration Rights Agreement that may be distinguished based on specific provisions that cater to the needs of different stockholders. Some common types are: 1. Demand Registration Rights: This pertains to the stockholders' ability to request Trident Group to register their securities for public sale. The stockholders can exercise this right by submitting a written demand notice specifying the intended offering size and other relevant details. 2. Piggyback Registration Rights: This type of registration right allows Trident Stockholders to include their securities in Trident Group's registration statements when the company is registering its securities for an initial public offering (IPO) or secondary offering. By utilizing this right, stockholders can take advantage of the registration process initiated by the company. 3. Shelf Registration Rights: This provision enables Trident Stockholders to have their securities registered on a "shelf" for a future offering. The stockholders can then decide when to sell the securities at their convenience, without triggering the need for additional registration. This type offers flexibility to stockholders by eliminating the need for repetitive registration processes. 4. Registration Expenses: The agreement may specify the allocation of expenses related to the registration process. It outlines which party will bear the costs associated with filing fees, legal fees, printing expenses, and other professional services required for proper registration of the securities. It is important for both Trident Group and Trident Stockholders to have a clear understanding of their rights, obligations, and limitations as outlined in the Kings New York Registration Rights Agreement. This agreement aims to balance the interests of both parties and ensure a fair and efficient process for registering and trading securities.