SEC Contract Filing

Filing Date: 2025-06-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea024475401ex10-2_safe.htm
<DESCRIPTION>REGISTRATION RIGHTS AGREEMENT, DATED MAY 29, 2025
<TEXT>
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<P STYLE="text-align: right; margin-top: 0pt; margin-bottom: 0pt"><B>Exhibit 10.2</B></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">REGISTRATION RIGHTS AGREEMENT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">This Registration
Rights Agreement (the &ldquo;Agreement&rdquo;), dated as of the 29th day of May 2025 (the &ldquo;Execution Date&rdquo;), is entered into
by and between <B>Safe &amp; Green Holdings Corp.,</B> a Delaware Company with the principal office at 990 Biscayne Blvd. #501, Office
12, Miami, Florida 33132 (the &ldquo;<U>Company</U>&rdquo;), and <B>Generating Alpha Ltd.</B>, a Saint Kitts and Nevis Company (the &ldquo;Investor&rdquo;).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 38.5pt">WHEREAS, pursuant
to the Stock Purchase Agreement entered into by and between the Company and the Investor of this even date (the &ldquo;SPA&rdquo;), the
Company has agreed to issue and sell to the Investor a number of shares of the Company&rsquo;s common stock par value $0.01 per share
(the &ldquo;Common Stock&rdquo;) up to an aggregate purchase price of One Hundred Million Dollars ($100,000,000).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">WHEREAS, as
an inducement to the Investors to execute and deliver the SPA, 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;1933
Act&rdquo;), and applicable state securities laws, with respect to the shares of Common Stock issuable pursuant to the SPA and the Commitment
Fee.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center; text-indent: 0.2pt">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">As used in this Agreement, the following
terms shall have the following meanings:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&ldquo;Person&rdquo; means a corporation,
a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental or political subdivision
thereof or a governmental agency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&ldquo;Register,&rdquo; &ldquo;Registered,&rdquo;
and &ldquo;Registration&rdquo; refer to the Registration effected by preparing and filing one (1) or more Registration Statements in compliance
with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor rule providing for offering securities on a continuous
basis (&ldquo;Rule 415&rdquo;), and the declaration or ordering of effectiveness of such Registration Statemen t(s) by the United States
Securities and Exchange Commission (the &ldquo;SEC&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&ldquo;Registrable Securities&rdquo;
means (i) the 2,853,800 shares of the Company&rsquo;s common stock which originated from the 14,269,000 shares of New Asia Holdings, Inc.
common stock, which will eventually become 190,253 shares of the Company&rsquo;s preferred stock which shall be able to convert each share
into 15 shares of the Company&rsquo;s common stock, (ii) the shares of Common Stock issued or issuable pursuant to the SPA and (iii) any
shares of capital stock issued or issuable with respect to such shares of Common Stock, if any, as a result of any stock split, stock
dividend, recapitalization, exchange or similar event or otherwise, which have not been (x) included in the Registration Statement that
has been declared effective by the SEC, or (y) sold under circumstances meeting all of the applicable conditions of Rule 144 (or any similar
provision then in force) under the 1933 Act.</P>

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

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