A Georgia Registration Rights Agreement is a legal document that outlines the rights and obligations of Object Soft Corp. and its investors regarding the sale and purchase of 6% Series G convertible preferred stocks. It grants certain registration rights to the investors, allowing them to register their shares with the Securities and Exchange Commission (SEC) to facilitate the future sale or transfer of the stocks. The main purpose of the Georgia Registration Rights Agreement is to provide protection and flexibility to the investors, ensuring that they can efficiently sell their shares and access the public markets if desired. It is a vital component of the investment process, ensuring transparency and fair treatment for all parties involved. The agreement typically includes various provisions, such as the following: 1. Demand Registration Rights: This provision allows the investors to request the registration of their shares with the SEC. The company is then obligated to file the necessary documents and undertake the registration process, enabling the investors to sell their shares to the public market. 2. Piggyback Registration Rights: In this scenario, if Object Soft Corp. intends to register any of its stocks for public sale, the investors possessing the 6% Series G convertible preferred stocks have the right to include their shares in the registration statement. This enables the investors to benefit from the company's registration efforts and sell their shares alongside the company's offering. 3. Shelf Registration Rights: Under this provision, the investors may request that Object Soft Corp. files a shelf-registration statement with the SEC. This allows the investors to periodically sell their shares in the public market over a predetermined timeframe, without the need for additional registration statements. 4. Lock-Up Period: In some cases, the agreement may include a lock-up period during which the investors agree not to sell their shares. This period typically lasts for a specified duration following an initial public offering or another significant event. It is essential to note that variations of the Georgia Registration Rights Agreement may exist, depending on the specific terms negotiated between Object Soft Corp. and its investors. The agreement's specifics may be tailored to meet the needs and preferences of both parties involved, ensuring a mutually beneficial arrangement. Overall, the Georgia Registration Rights Agreement is an integral part of the investment process for Object Soft Corp. and its investors, providing a framework for the sale and purchase of 6% Series G convertible preferred stocks. By outlining the rights and obligations of both parties, the agreement ensures transparency, facilitates liquidity, and protects the interests of all stakeholders involved in the transaction.