Lima Arizona Registration Rights Agreement is a legal document that outlines the rights and obligations of Trident Group, Inc. and Trident Stockholders regarding the registration of securities. This agreement ensures that Trident Stockholders have certain rights to register their shares for sale in accordance with applicable securities laws. The agreement provides Trident Stockholders with the ability to request that Trident Group, Inc. register their shares with the Securities and Exchange Commission (SEC). This registration allows the stockholders to offer their shares for sale to the public, providing them with liquidity and potential returns on their investments. The Lima Arizona Registration Rights Agreement emphasizes the importance of compliance with securities regulations and ensures that the registration process is conducted efficiently and effectively. It outlines the procedures, requirements, and timelines for filing registration statements and conducting public offerings. Under this agreement, Trident Group, Inc. commits to using reasonable efforts to register the securities requested by Trident Stockholders, subject to certain conditions and limitations. These may include the number of shares to be registered, the timeframes for initiating registration, and the expenses associated with the registration process. Different types of Lima Arizona Registration Rights Agreements between Trident Group, Inc. and Trident Stockholders may include: 1. Demand Registration Rights: Trident Stockholders have the right to request that Trident Group, Inc. register their securities and include them in a public offering. These requests are commonly made when stockholders desire to sell their shares on the open market. 2. Piggyback Registration Rights: Trident Stockholders have the right to include their securities in a registration statement filed by Trident Group, Inc. for a public offering. This allows stockholders to take advantage of the company's existing registration efforts and participate in the offering without having to bear the costs and administrative burden of a separate registration process. 3. S-3 Shelf Registration Rights: If Trident Group, Inc. becomes eligible to use Form S-3, a simplified registration form for well-established issuers, Trident Stockholders may have the right to request inclusion of their securities in any registration statement filed on Form S-3. It is important for both Trident Group, Inc. and Trident Stockholders to understand their respective rights and obligations outlined in the Lima Arizona Registration Rights Agreement. This agreement helps maintain transparency and fairness in the process of registering and selling securities, benefitting both the company and its stockholders.