Maine 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. Maine Registration Rights Agreement is an important legal document that outlines the rights and obligations of Object Soft Corp. and the Investors relating to the sale and purchase of 6% Series G convertible preferred stocks in the state of Maine. This agreement ensures transparency and protection for both parties involved in this transaction. The Maine Registration Rights Agreement typically includes the following key provisions: 1. Registration of Securities: This agreement grants the Investors the right to demand registration of their 6% Series G convertible preferred stocks with the Securities and Exchange Commission (SEC) under the applicable securities laws of Maine. This provision enables the Investors to freely sell or transfer their securities in compliance with the regulatory framework. 2. Notice and Piggyback Registration: The agreement establishes a process for Object Soft Corp. to provide notice to the Investors about any planned registration statements. Additionally, it allows the Investors to "piggyback" on such registration statements, which means they can include their shares alongside Object Soft Corp.'s offering, providing them with more convenient opportunities for selling their securities. 3. Expenses and Indemnification: The agreement outlines the allocation of expenses related to the registration process. Generally, Object Soft Corp. bears the costs of registration, including SEC filing fees, legal fees, and any printing expenses. Indemnification provisions protect both Object Soft Corp. and the Investors against any potential claims or losses arising from misrepresentations or omissions in the registration statement. 4. Lock-Up and Standstill Periods: In certain cases, the agreement may include lock-up provisions that restrict the Investors from selling their securities for a specified period, ensuring stability in the market after an initial public offering or other significant corporate events. Standstill provisions may also restrict the Investors from acquiring additional securities or launching hostile takeover attempts for a predetermined period. 5. Termination of Registration Rights: The agreement specifies the circumstances under which the registration rights granted to the Investors may terminate. Common termination events include the sale of all securities covered by the registration statement or a determination by Object Soft Corp. that continued registration would be unduly burdensome or impractical. Maine Registration Rights Agreement for the sale and purchase of 6% Series G convertible preferred stocks can be customized to suit specific requirements and preferences of the parties involved. The agreement may also incorporate additional provisions or modifications based on negotiation and legal counsel. It is essential for both Object Soft Corp. and the Investors to review and understand the terms of the agreement before entering into the transaction. It is important to note that while this description provides a general overview of the Maine Registration Rights Agreement, there may be other specific types or variations of this agreement adopted by Object Soft Corp. and the Investors. These may include Maine Registration Rights Agreement Series G-1, Maine Registration Rights Agreement Series G-2, and so on, each corresponding to different tranches or offerings of the 6% Series G convertible preferred stocks.

Maine Registration Rights Agreement is an important legal document that outlines the rights and obligations of Object Soft Corp. and the Investors relating to the sale and purchase of 6% Series G convertible preferred stocks in the state of Maine. This agreement ensures transparency and protection for both parties involved in this transaction. The Maine Registration Rights Agreement typically includes the following key provisions: 1. Registration of Securities: This agreement grants the Investors the right to demand registration of their 6% Series G convertible preferred stocks with the Securities and Exchange Commission (SEC) under the applicable securities laws of Maine. This provision enables the Investors to freely sell or transfer their securities in compliance with the regulatory framework. 2. Notice and Piggyback Registration: The agreement establishes a process for Object Soft Corp. to provide notice to the Investors about any planned registration statements. Additionally, it allows the Investors to "piggyback" on such registration statements, which means they can include their shares alongside Object Soft Corp.'s offering, providing them with more convenient opportunities for selling their securities. 3. Expenses and Indemnification: The agreement outlines the allocation of expenses related to the registration process. Generally, Object Soft Corp. bears the costs of registration, including SEC filing fees, legal fees, and any printing expenses. Indemnification provisions protect both Object Soft Corp. and the Investors against any potential claims or losses arising from misrepresentations or omissions in the registration statement. 4. Lock-Up and Standstill Periods: In certain cases, the agreement may include lock-up provisions that restrict the Investors from selling their securities for a specified period, ensuring stability in the market after an initial public offering or other significant corporate events. Standstill provisions may also restrict the Investors from acquiring additional securities or launching hostile takeover attempts for a predetermined period. 5. Termination of Registration Rights: The agreement specifies the circumstances under which the registration rights granted to the Investors may terminate. Common termination events include the sale of all securities covered by the registration statement or a determination by Object Soft Corp. that continued registration would be unduly burdensome or impractical. Maine Registration Rights Agreement for the sale and purchase of 6% Series G convertible preferred stocks can be customized to suit specific requirements and preferences of the parties involved. The agreement may also incorporate additional provisions or modifications based on negotiation and legal counsel. It is essential for both Object Soft Corp. and the Investors to review and understand the terms of the agreement before entering into the transaction. It is important to note that while this description provides a general overview of the Maine Registration Rights Agreement, there may be other specific types or variations of this agreement adopted by Object Soft Corp. and the Investors. These may include Maine Registration Rights Agreement Series G-1, Maine Registration Rights Agreement Series G-2, and so on, each corresponding to different tranches or offerings of the 6% Series G convertible preferred stocks.