Travis Texas Registration Rights Agreement is a contractual agreement between Trident Group, Inc. and Trident Stockholders that outlines the rights and obligations regarding the registration of securities issued by Trident Group, Inc. It is designed to protect the interests of the stockholders by ensuring that their investments can be publicly traded or sold under certain conditions. The primary purpose of the Travis Texas Registration Rights Agreement is to grant the Trident Stockholders the right to request registration of their securities with the U.S. Securities and Exchange Commission (SEC). This registration provides the opportunity for the stockholders to sell or transfer their securities in the public market, thus increasing liquidity and potentially maximizing the value of their investment. Under this agreement, there are certain key provisions that define the scope and process of the registration rights. The agreement typically includes details such as the types of securities covered, the timeframe within which registration must occur, the registration expenses, and the obligations of both parties. There can be different types of Travis Texas Registration Rights Agreement between Trident Group, Inc. and Trident Stockholders. Some common variations include: 1. Demand Registration Rights: This type of agreement allows Trident Stockholders to demand that Trident Group, Inc. register their securities with the SEC within a specified time frame. The stockholders can exercise this right if certain conditions are met, such as the securities being eligible for registration and the minimum number of securities to be registered. 2. Piggyback Registration Rights: In this type of agreement, Trident Stockholders have the right to include their securities in a registration statement filed by Trident Group, Inc. with the SEC. The stockholders can "piggyback" on the registration process initiated by the company, enabling them to sell or transfer their securities alongside Trident Group, Inc.'s primary offering. 3. Shelf Registration Rights: This agreement allows Trident Group, Inc. to register a certain amount of securities for future offering or sale. It enables the company to have more flexibility in conducting public offerings, while still complying with specific disclosure and registration requirements. Trident Stockholders may benefit from this type of agreement as it allows them to sell their securities in a timely manner as market conditions become favorable without the need for additional registration. Overall, the Travis Texas Registration Rights Agreement serves to provide Trident Stockholders with a level of security and flexibility in trading their securities. It ensures that their investments remain liquid and provides a framework for cooperation between the company and its stockholders in navigating the process of public registration.