Los Angeles California Subscription Agreement - 6% Series G Convertible Preferred Stock - between ObjectSoft Corp. and Investors regarding issuance and sale of preferred stock

• Category: Corporations - Public - Stock Subscription Agreements
• State: Multi-State
• County: Los Angeles
• Control #: US-EG-9225
• Format: Word; Rich Text

Description

6% Series G Convertible Preferred Stock Subscription Agreement between ObjectSoft Corporation and Investors wherein the company shall issue and sell to the Investors preferred stock and company agrees to purchase warrant shares dated December 30, 1999. Los Angeles California Subscription Agreement — 6% Series G Convertible Preferred Stock is a legal document that outlines the terms and conditions between Object Soft Corp. (the company) and the Investors for the issuance and sale of preferred stock. This agreement is specific to the 6% Series G Convertible Preferred Stock, which offers investors an opportunity to receive a fixed 6% dividend and convert their shares into common stock at a predetermined conversion ratio. The subscription agreement serves as a contractual agreement between the company and the investors, laying out the rights, obligations, and restrictions associated with the preferred stock investment. It ensures transparency and clarity for both parties involved in the transaction. Key provisions of the Los Angeles California Subscription Agreement — 6% Series G Convertible Preferred Stock may include the following: 1. Subscription Terms: The agreement provides details on the number of shares of preferred stock to be issued, the price per share, and the overall subscription amount. It may also specify any minimum investment requirements or restrictions on the investors. 2. Dividend Payments: The agreement outlines the obligation of the company to pay a fixed 6% dividend to the holders of the preferred stock. It may specify the frequency and mode of dividend payments, ensuring consistent returns for the investors. 3. Conversion Rights: This section defines the conditions under which the preferred stock can be converted into common stock. It includes the conversion ratio, conversion price, and any applicable conversion events or restrictions. This provision provides investors with an option to benefit from potential future growth of the company. 4. Liquidation Preference: In the event of a liquidation or sale of the company, the agreement may specify the rights of the preferred stockholders to receive their initial investment back before any other shareholders. It protects the interests of the investors and ensures priority in the distribution of assets. 5. Voting Rights: The subscription agreement may stipulate the voting rights associated with the preferred stock. This could include voting on matters such as amendments to the company's articles of incorporation or other significant corporate actions. It's important to note that the Los Angeles California Subscription Agreement — 6% Series G Convertible Preferred Stock may have various types or classes, such as Series A, B, C, etc., which can differ in terms of dividend rates, conversion ratios, or other specific features. Each series or class may have its own separate agreement with Object Soft Corp. Overall, the Los Angeles California Subscription Agreement — 6% Series G Convertible Preferred Stock is a legal document that establishes the terms of investment in preferred stock between Object Soft Corp. and the Investors, ensuring clear understanding and protection of rights for both parties involved in the issuance and sale of preferred stock.

Los Angeles California Subscription Agreement — 6% Series G Convertible Preferred Stock is a legal document that outlines the terms and conditions between Object Soft Corp. (the company) and the Investors for the issuance and sale of preferred stock. This agreement is specific to the 6% Series G Convertible Preferred Stock, which offers investors an opportunity to receive a fixed 6% dividend and convert their shares into common stock at a predetermined conversion ratio. The subscription agreement serves as a contractual agreement between the company and the investors, laying out the rights, obligations, and restrictions associated with the preferred stock investment. It ensures transparency and clarity for both parties involved in the transaction. Key provisions of the Los Angeles California Subscription Agreement — 6% Series G Convertible Preferred Stock may include the following: 1. Subscription Terms: The agreement provides details on the number of shares of preferred stock to be issued, the price per share, and the overall subscription amount. It may also specify any minimum investment requirements or restrictions on the investors. 2. Dividend Payments: The agreement outlines the obligation of the company to pay a fixed 6% dividend to the holders of the preferred stock. It may specify the frequency and mode of dividend payments, ensuring consistent returns for the investors. 3. Conversion Rights: This section defines the conditions under which the preferred stock can be converted into common stock. It includes the conversion ratio, conversion price, and any applicable conversion events or restrictions. This provision provides investors with an option to benefit from potential future growth of the company. 4. Liquidation Preference: In the event of a liquidation or sale of the company, the agreement may specify the rights of the preferred stockholders to receive their initial investment back before any other shareholders. It protects the interests of the investors and ensures priority in the distribution of assets. 5. Voting Rights: The subscription agreement may stipulate the voting rights associated with the preferred stock. This could include voting on matters such as amendments to the company's articles of incorporation or other significant corporate actions. It's important to note that the Los Angeles California Subscription Agreement — 6% Series G Convertible Preferred Stock may have various types or classes, such as Series A, B, C, etc., which can differ in terms of dividend rates, conversion ratios, or other specific features. Each series or class may have its own separate agreement with Object Soft Corp. Overall, the Los Angeles California Subscription Agreement — 6% Series G Convertible Preferred Stock is a legal document that establishes the terms of investment in preferred stock between Object Soft Corp. and the Investors, ensuring clear understanding and protection of rights for both parties involved in the issuance and sale of preferred stock.