Michigan Investor Rights Agreement regarding the purchase of Series C Preferred Stock shares

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9283
• Format: Word; Rich Text

Description

Investory Rights Agreement between Apple Computer, Inc., Limited and Earthlink Networkd, Inc. dated January 4, 2000. 23 pages. The Michigan Investor Rights Agreement is a legally binding document that outlines the rights and obligations of investors who purchase Series C Preferred Stock shares in a company based in Michigan. This agreement is crucial for both the company and the investors as it sets the terms and conditions for their investment relationship. The Michigan Investor Rights Agreement includes various provisions that protect the interests of the investors and establish their rights. It typically includes essential clauses such as: 1. Purchase Terms: This section specifies the number of Series C Preferred Stock shares being purchased by the investor and the corresponding purchase price. It may also outline any additional payment terms agreed upon. 2. Voting Rights: The agreement outlines the voting rights of the investors holding Series C Preferred Stock shares. Depending on the agreement, these rights may provide a certain level of influence in the decision-making process of the company, especially on matters that directly impact the Preferred Stockholders. 3. Information Rights: The agreement may grant the investors access to certain company information, financial statements, and reports. These rights ensure transparency and enable the investors to make informed decisions regarding their investment. 4. Dividends and Distributions: This section outlines the terms and conditions for the payment of dividends and distributions to the holders of Series C Preferred Stock. It may specify the rate and timing of these payments, and whether they are cumulative or noncumulative. 5. Liquidation Preferences: The agreement typically contains provisions related to the liquidation preferences of the investors holding Series C Preferred Stock. It may outline the order in which the investors will be paid in the event of a liquidation or sale of the company, ensuring that the investors receive a certain priority over common stockholders. 6. Anti-Dilution Protection: The agreement may include anti-dilution provisions aimed at protecting the investors against future issuance of stock at a lower price, thereby safeguarding their ownership percentage and investment value. 7. Transfer Restrictions: This section outlines any limitations or restrictions on the transferability of Series C Preferred Stock shares. It may require the investors to obtain consent from the company or other stockholders before transferring their shares. It is important to note that while the above provisions are commonly found in Michigan Investor Rights Agreements related to the purchase of Series C Preferred Stock shares, the specific terms and conditions can vary depending on the agreement negotiated between the company and the investors. Different types or variations of Michigan Investor Rights Agreements may exist, depending on factors such as the nature of the business and the preferences of both parties involved.

The Michigan Investor Rights Agreement is a legally binding document that outlines the rights and obligations of investors who purchase Series C Preferred Stock shares in a company based in Michigan. This agreement is crucial for both the company and the investors as it sets the terms and conditions for their investment relationship. The Michigan Investor Rights Agreement includes various provisions that protect the interests of the investors and establish their rights. It typically includes essential clauses such as: 1. Purchase Terms: This section specifies the number of Series C Preferred Stock shares being purchased by the investor and the corresponding purchase price. It may also outline any additional payment terms agreed upon. 2. Voting Rights: The agreement outlines the voting rights of the investors holding Series C Preferred Stock shares. Depending on the agreement, these rights may provide a certain level of influence in the decision-making process of the company, especially on matters that directly impact the Preferred Stockholders. 3. Information Rights: The agreement may grant the investors access to certain company information, financial statements, and reports. These rights ensure transparency and enable the investors to make informed decisions regarding their investment. 4. Dividends and Distributions: This section outlines the terms and conditions for the payment of dividends and distributions to the holders of Series C Preferred Stock. It may specify the rate and timing of these payments, and whether they are cumulative or noncumulative. 5. Liquidation Preferences: The agreement typically contains provisions related to the liquidation preferences of the investors holding Series C Preferred Stock. It may outline the order in which the investors will be paid in the event of a liquidation or sale of the company, ensuring that the investors receive a certain priority over common stockholders. 6. Anti-Dilution Protection: The agreement may include anti-dilution provisions aimed at protecting the investors against future issuance of stock at a lower price, thereby safeguarding their ownership percentage and investment value. 7. Transfer Restrictions: This section outlines any limitations or restrictions on the transferability of Series C Preferred Stock shares. It may require the investors to obtain consent from the company or other stockholders before transferring their shares. It is important to note that while the above provisions are commonly found in Michigan Investor Rights Agreements related to the purchase of Series C Preferred Stock shares, the specific terms and conditions can vary depending on the agreement negotiated between the company and the investors. Different types or variations of Michigan Investor Rights Agreements may exist, depending on factors such as the nature of the business and the preferences of both parties involved.