Travis Texas Registration Rights Agreement is a legally binding contract between Chief Consolidated Mining Company and Dimpling, aimed at providing certain rights to Dimpling regarding the registration of securities issued by Chief Consolidated Mining Company. This agreement plays a crucial role in protecting the interests of Dimpling as an investor and ensuring transparency in the registration process. The key objective of the Travis Texas Registration Rights Agreement is to grant Dimpling the right to request the registration of their securities with the Securities and Exchange Commission (SEC). By obtaining registration rights, Dimpling gains the ability to freely sell or transfer their securities in accordance with applicable securities laws. These registration rights are generally offered in two forms: demand registration rights and piggyback registration rights. Demand registration rights allow Dimpling to require Chief Consolidated Mining Company to register their securities for sale within a certain timeframe. On the other hand, piggyback registration rights enable Dimpling to include their securities in any registration statement filed by Chief Consolidated Mining Company for other offerings, subject to certain conditions. The Travis Texas Registration Rights Agreement outlines the procedures, obligations, and restrictions that both parties must adhere to throughout the registration process. It defines the timeline for filing the registration statement, the financial statements and other documentation required to be included, and the responsibilities of each party regarding the preparation and distribution of the prospectus. Moreover, the agreement may contain provisions related to the payment of registration expenses, indemnification of parties involved, and limitations on the number of registrations Dimpling can request within a specified period. It also sets out the circumstances under which registration rights may be assigned or transferred by Dimpling to another party. In conclusion, the Travis Texas Registration Rights Agreement serves as a crucial tool for protecting the rights of Dimpling as an investor in Chief Consolidated Mining Company. By providing avenues for registration of securities, it ensures transparency, liquidity, and compliance with securities regulations.