Illinois Registration Rights Agreement between ObjectSoft Corp. and Investors regarding sale and purchase of 6% Series G convertible preferred stocks

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9226
• Format: Word; Rich Text

Description

Registration Rights Agreement between ObjectSoft Corporation and Investors regarding the sale and purchase of 6% Series G convertible preferred stocks dated December 30, 1999. 18 pages. The Illinois Registration Rights Agreement between Object Soft Corp. and Investors is a legal document that outlines the terms and conditions regarding the sale and purchase of 6% Series G convertible preferred stocks in the state of Illinois. This agreement is essential for protecting the rights and ensuring transparency between Object Soft Corp. and the investors involved in the transaction. The Illinois Registration Rights Agreement details the process and obligations related to the registration of the preferred stocks with the Securities and Exchange Commission (SEC). It ensures that Object Soft Corp. complies with all necessary securities laws and regulations during the sale and purchase of the stocks. This agreement grants certain rights to the investors, commonly known as registration rights. These rights may include demand registration rights, piggyback registration rights, and Form S-3 registration rights. 1. Demand Registration Rights: This type of registration right allows the investors to request Object Soft Corp. to register the preferred stocks for public sale at any time after a specified waiting period. The agreement specifies the conditions and limitations under which the investors can exercise these rights. 2. Piggyback Registration Rights: Under these rights, the investors have the opportunity to "piggyback" their preferred stocks onto a registration statement filed by Object Soft Corp. for another offering. This allows the investors to sell their stocks alongside the company's offering, with Object Soft Corp. bearing the expenses associated with the registration process. 3. Form S-3 Registration Rights: This type of registration right allows the investors to request registration of their preferred stocks on Form S-3, a simplified registration form used by well-established companies with a history of timely securities filings. Form S-3 registration generally provides a quicker and more straightforward process for the registration and subsequent sale of the preferred stocks. The Illinois Registration Rights Agreement also covers important provisions such as indemnification, representation and warranties, limitations on transfer, and confidentiality. These provisions protect the interests of both Object Soft Corp. and the investors and ensure fair treatment throughout the transaction process. In summary, the Illinois Registration Rights Agreement between Object Soft Corp. and Investors for the sale and purchase of 6% Series G convertible preferred stocks is a crucial legal document that outlines the rights, obligations, and procedures involved in registering and selling the preferred stocks in the state of Illinois. The agreement includes various types of registration rights like demand registration rights, piggyback registration rights, and Form S-3 registration rights, each serving different purposes for the investors. It aims to ensure transparency, compliance with securities laws, and fair treatment for all parties involved in the transaction.

The Illinois Registration Rights Agreement between Object Soft Corp. and Investors is a legal document that outlines the terms and conditions regarding the sale and purchase of 6% Series G convertible preferred stocks in the state of Illinois. This agreement is essential for protecting the rights and ensuring transparency between Object Soft Corp. and the investors involved in the transaction. The Illinois Registration Rights Agreement details the process and obligations related to the registration of the preferred stocks with the Securities and Exchange Commission (SEC). It ensures that Object Soft Corp. complies with all necessary securities laws and regulations during the sale and purchase of the stocks. This agreement grants certain rights to the investors, commonly known as registration rights. These rights may include demand registration rights, piggyback registration rights, and Form S-3 registration rights. 1. Demand Registration Rights: This type of registration right allows the investors to request Object Soft Corp. to register the preferred stocks for public sale at any time after a specified waiting period. The agreement specifies the conditions and limitations under which the investors can exercise these rights. 2. Piggyback Registration Rights: Under these rights, the investors have the opportunity to "piggyback" their preferred stocks onto a registration statement filed by Object Soft Corp. for another offering. This allows the investors to sell their stocks alongside the company's offering, with Object Soft Corp. bearing the expenses associated with the registration process. 3. Form S-3 Registration Rights: This type of registration right allows the investors to request registration of their preferred stocks on Form S-3, a simplified registration form used by well-established companies with a history of timely securities filings. Form S-3 registration generally provides a quicker and more straightforward process for the registration and subsequent sale of the preferred stocks. The Illinois Registration Rights Agreement also covers important provisions such as indemnification, representation and warranties, limitations on transfer, and confidentiality. These provisions protect the interests of both Object Soft Corp. and the investors and ensure fair treatment throughout the transaction process. In summary, the Illinois Registration Rights Agreement between Object Soft Corp. and Investors for the sale and purchase of 6% Series G convertible preferred stocks is a crucial legal document that outlines the rights, obligations, and procedures involved in registering and selling the preferred stocks in the state of Illinois. The agreement includes various types of registration rights like demand registration rights, piggyback registration rights, and Form S-3 registration rights, each serving different purposes for the investors. It aims to ensure transparency, compliance with securities laws, and fair treatment for all parties involved in the transaction.