SEC Contract Filing

Filing Date: 2025-04-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>ea023762401ex10-2_safe.htm
<DESCRIPTION>REGISTRATION RIGHTS AGREEMENT, DATED APRIL 4, 2025
<TEXT>
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<P STYLE="text-indent: 0pt; text-align: right; margin: 0pt"><B>Exhibit 10.2</B></P>

<P STYLE="text-indent: 0pt; margin: 0pt">&nbsp;</P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 191pt"><B>REGISTRATION RIGHTS AGREEMENT</B></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 0.5in"><B>REGISTRATION RIGHTS
AGREEMENT</B> (this &ldquo;<U>Agreement</U>&rdquo;), dated as of April 4, 2025, by and between <B>SAFE AND GREEN DEVELOPMENT CORPORATION</B>,
a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), and those certain investors identified on the signature page hereto (together
with it permitted assigns, individually, each an &ldquo;<U>Investor</U>&rdquo; and collectively, the &ldquo;<U>Investors</U>&rdquo;).
Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in that certain Securities
Purchase Agreement by and between the Company and the Investors, dated as of the date hereof (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the &ldquo;<U>Purchase Agreement</U>&rdquo;).</P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 51.25pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>WHEREAS:</B></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 0.5in">The Company has
agreed, upon the terms and subject to the conditions of the Purchase Agreement, to sell to the Investors the Securities and to induce
the Investors to enter into the Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities
Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the &ldquo;<U>Securities
Act</U>&rdquo;), and applicable state securities laws;</P>

<P STYLE="text-align: justify; text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 0.5in">Pursuant to the
terms of the Purchase Agreement, the Company has agreed, among other things, to register the Underlying Shares that the Investors will
receive upon conversion or exercise of the Debentures that the Investors acquired on the Third Closing Date (the &ldquo;<U>Third Closing
Debentures</U>&rdquo;) and the related Warrants issued to the Investors in accordance with the Third Closing (the &ldquo;<U>Third Closing
Warrants</U>&rdquo;).</P>

<P STYLE="text-align: justify; text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,</B>
in consideration of the promises and the mutual covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Investors hereby agree as follows:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 132pt; text-indent: 0pt"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">1.</TD><TD STYLE="text-align: justify"><U>DEFINITIONS</U>.</TD>
</TR></TABLE>

<P STYLE="text-align: justify; text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt">As used in this Agreement, the following terms shall have
the following meanings:</P>

<P STYLE="text-align: justify; text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 1in">a. &ldquo;<U>Effective
Date</U>&rdquo; means the date that the applicable Registration Statement has been declared effective by the SEC.</P>

<P STYLE="text-align: justify; text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 1in">b. &ldquo;<U>Excluded
Registration</U>&rdquo; means any registration of equity securities of the Company solely for a Company sponsored employee benefit plan.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 167.95pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 1in"> c. &ldquo;<U>Investors</U>&rdquo; shall have the meaning set forth above.</P>

<P STYLE="text-align: justify; text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 1in">d. &ldquo;<U>Person</U>&rdquo;
means any ind