The Kentucky Registration Rights Agreement is a legal document that outlines the terms and conditions between Object Soft Corp. and its investors in relation to the sale and purchase of 6% Series G convertible preferred stocks. This agreement serves to protect the rights of both parties involved in the transaction and ensures transparency and compliance with relevant securities laws and regulations. The Kentucky Registration Rights Agreement grants certain rights to the investors, commonly known as "registration rights." These rights enable investors to demand that Object Soft Corp. register the offered securities with the state of Kentucky, making them eligible for public sale or resale. This process aims to provide liquidity to the investors and facilitate the efficient trading of the registered securities. The agreement outlines the specific registration process, including the filing of necessary documents with the relevant regulatory authorities in Kentucky. It usually includes provisions regarding the timing and method of registration, the obligations and responsibilities of both Object Soft Corp. and the investors, and any associated costs or expenses. Different types of Kentucky Registration Rights Agreements may exist, depending on the specific terms negotiated between Object Soft Corp. and the investors. Variations may include: 1. Demand Registration Rights: This provision allows investors to request that Object Soft Corp. initiate a registration statement within a specified timeframe. The company is then obligated to fulfill this request and register the specified securities. 2. Piggyback Registration Rights: In this scenario, investors have the right to include their shares in any registration statement that Object Soft Corp. files for its own securities. This allows investors to "piggyback" on the company's registration process and enjoy similar benefits without initiating a separate registration. 3. Shelf Registration Rights: This type of registration allows Object Soft Corp. to file a registration statement in advance, granting the investors the ability to sell their shares at their own convenience over a predetermined period. Shelf registration expedites the selling process and provides flexibility for the investors. 4. Form S-3 Registration Rights: This clause allows Object Soft Corp. to utilize the simplified registration process available through Form S-3. This form can be used for more efficient registration and lowers the associated costs and time requirements. The Kentucky Registration Rights Agreement serves as an essential legal framework to govern the sale and purchase of 6% Series G convertible preferred stocks between Object Soft Corp. and its investors. It ensures compliance with applicable regulations and promotes fair and transparent practices in the securities market.