Houston Texas Registration Rights Agreement is a legal document that outlines the rights and obligations of Chief Consolidated Mining Company and Dimpling regarding the registration of securities. The agreement ensures that Dimpling has the right to register the securities it owns or may acquire with the U.S. Securities and Exchange Commission (SEC) in compliance with applicable laws and regulations. This agreement is designed to protect Dimpling's investment in Chief Consolidated Mining Company by providing them with the ability to sell or transfer their securities more easily. It enables Dimpling to register its securities for public sale, which can increase the liquidity and marketability of the securities. The Houston Texas Registration Rights Agreement establishes the procedures and requirements for registration, including the timing, terms, and restrictions associated with filing registration statements with the SEC. It also defines the responsibilities and costs of both parties related to registration, such as filing fees, attorney fees, and other expenses incurred in the process. There can be different types of Houston Texas Registration Rights Agreement between Chief Consolidated Mining Company and Dimpling, depending on the specific terms and conditions agreed upon by both parties. Some of these types may include: 1. Demand Registration Rights: This type of agreement grants Dimpling the right to request Chief Consolidated Mining Company to register their securities on demand. Dimpling can initiate the registration process when they wish to sell or transfer their securities. 2. Piggyback Registration Rights: This enables Dimpling to include their securities in a registration statement filed by Chief Consolidated Mining Company or other major shareholders. If Chief Consolidated Mining Company plans to register its own securities, Dimpling can "piggyback" on that registration, saving time and costs associated with a separate registration process. 3. Shelf Registration Rights: In this type of agreement, Dimpling is granted the right to have their securities included in a shelf registration statement filed by Chief Consolidated Mining Company. This allows Dimpling to offer their securities for sale on a delayed basis without the need for additional registration statements. 4. Form S-3 Registration Rights: This type of registration rights agreement allows Dimpling to use the short-form registration statement known as Form S-3. Form S-3 provides simplified registration requirements for well-established companies, making the registration process more efficient and cost-effective for both parties. The main objective of the Houston Texas Registration Rights Agreement is to provide Dimpling with flexibility and ease of selling or transferring their securities while ensuring compliance with applicable securities laws. It promotes transparency and fair trading practices between Chief Consolidated Mining Company and Dimpling, benefiting both parties involved.