The North Carolina Registration Rights Agreement is a legal document that outlines the rights and obligations between Object Soft Corp. (the issuer of 6% Series G convertible preferred stocks) and its investors regarding the sale and purchase of these stocks. This agreement offers certain protections to the investors related to the registration of their securities with the Securities and Exchange Commission (SEC) and other regulatory bodies. In this agreement, Object Soft Corp. grants specific registration rights to the investors, ensuring that their convertible preferred stocks can be registered for sale in accordance with applicable securities laws. These rights enable the investors to sell their preferred stocks in the public market, providing them with liquidity and potential returns on their investment. The North Carolina Registration Rights Agreement for 6% Series G convertible preferred stocks includes various provisions and conditions that both Object Soft Corp. and the investors must adhere to. These provisions may outline the following: 1. Demand Registration Rights: Object Soft Corp. agrees to register the convertible preferred stocks at the request of the investors. This allows investors to request a registration statement to be filed with the SEC, making their securities eligible for public sale. 2. Piggyback Registration Rights: If Object Soft Corp. plans to register any of its securities for public sale, the investors have the right to include their convertible preferred stocks in the registration. This ensures that the investors have the opportunity to sell their securities alongside Object Soft Corp. 3. Registration Expenses: The agreement may specify how the expenses related to the registration process will be allocated between Object Soft Corp. and the investors. This includes legal fees, filing fees, and other costs associated with the SEC registration. 4. Lock-Up Period: A lock-up provision may be included, restricting the investors from selling their registered securities for a certain period after the registration becomes effective. This provision safeguards against an influx of securities flooding the market immediately after registration. 5. Indemnification: Object Soft Corp. typically provides indemnification to the investors, protecting them from any losses, damages, or liabilities arising from any misrepresentation or omission in the registration statement. It's important to note that while the basic structure of the North Carolina Registration Rights Agreement remains consistent, individual agreements may vary in their specific terms and conditions. Other types of North Carolina Registration Rights Agreements may exist, such as those pertaining to different series of preferred stocks (e.g., Series A, Series B, etc.) or other types of securities issued by Object Soft Corp.