New Hampshire 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 New Hampshire Investor Rights Agreement is a legal document that outlines the terms and conditions for investors who purchase Series C Preferred Stock shares in a company based in New Hampshire. This agreement aims to protect and specify the rights, privileges, and obligations of investors in relation to their investment in the company. Key terms and provisions included in the New Hampshire Investor Rights Agreement are: 1. Series C Preferred Stock: This agreement specifically pertains to investors who have purchased Series C Preferred Stock shares, a specific class of stock with certain rights and preferences. 2. Voting Rights: The agreement outlines the voting rights attached to the Series C Preferred Stock shares, including the number of votes per share and any special voting requirements. 3. Dividend Preferences: It defines the dividend preferences and payment terms for Series C Preferred Stock shareholders, outlining whether they receive a fixed dividend rate, participate in distributions with common stockholders, or have a cumulative dividend feature. 4. Liquidation Preferences: The agreement specifies the liquidation preferences for Series C Preferred Stock shareholders, determining the order in which they will receive their investment back in the event of a liquidation or sale of the company. 5. Conversion Rights: It explains the conversion rights of the Series C Preferred Stock shares, detailing the circumstances and conditions under which investors can convert their preferred shares into common shares. 6. Anti-Dilution Protection: This provision protects investors from dilution by adjusting the conversion price or providing additional shares in case the company issues new equity at a lower price. 7. Information Rights: The agreement stipulates the information rights of the investors, ensuring they receive regular reports and financial statements from the company to keep them informed about the company's financial health. 8. Board of Directors: It may include provisions regarding the representation of Series C Preferred Stock shareholders on the company's board of directors, granting them specific voting rights or observer rights. 9. Transfer Restrictions: The agreement may impose restrictions on the transfer of Series C Preferred Stock shares, such as preemptive rights, right of first refusal, or lock-up periods. 10. Indemnification: It may outline the company's obligation to indemnify and hold harmless the Series C Preferred Stock shareholders against any legal liabilities or claims arising from their investment in the company. While the general New Hampshire Investor Rights Agreement covers most terms and conditions, variations may exist depending on the specific terms negotiated between the company and the investors. Additionally, the agreement may be tailored for different series of preferred stock, such as Series A or Series B Preferred Stock, each with their own distinct provisions.

The New Hampshire Investor Rights Agreement is a legal document that outlines the terms and conditions for investors who purchase Series C Preferred Stock shares in a company based in New Hampshire. This agreement aims to protect and specify the rights, privileges, and obligations of investors in relation to their investment in the company. Key terms and provisions included in the New Hampshire Investor Rights Agreement are: 1. Series C Preferred Stock: This agreement specifically pertains to investors who have purchased Series C Preferred Stock shares, a specific class of stock with certain rights and preferences. 2. Voting Rights: The agreement outlines the voting rights attached to the Series C Preferred Stock shares, including the number of votes per share and any special voting requirements. 3. Dividend Preferences: It defines the dividend preferences and payment terms for Series C Preferred Stock shareholders, outlining whether they receive a fixed dividend rate, participate in distributions with common stockholders, or have a cumulative dividend feature. 4. Liquidation Preferences: The agreement specifies the liquidation preferences for Series C Preferred Stock shareholders, determining the order in which they will receive their investment back in the event of a liquidation or sale of the company. 5. Conversion Rights: It explains the conversion rights of the Series C Preferred Stock shares, detailing the circumstances and conditions under which investors can convert their preferred shares into common shares. 6. Anti-Dilution Protection: This provision protects investors from dilution by adjusting the conversion price or providing additional shares in case the company issues new equity at a lower price. 7. Information Rights: The agreement stipulates the information rights of the investors, ensuring they receive regular reports and financial statements from the company to keep them informed about the company's financial health. 8. Board of Directors: It may include provisions regarding the representation of Series C Preferred Stock shareholders on the company's board of directors, granting them specific voting rights or observer rights. 9. Transfer Restrictions: The agreement may impose restrictions on the transfer of Series C Preferred Stock shares, such as preemptive rights, right of first refusal, or lock-up periods. 10. Indemnification: It may outline the company's obligation to indemnify and hold harmless the Series C Preferred Stock shareholders against any legal liabilities or claims arising from their investment in the company. While the general New Hampshire Investor Rights Agreement covers most terms and conditions, variations may exist depending on the specific terms negotiated between the company and the investors. Additionally, the agreement may be tailored for different series of preferred stock, such as Series A or Series B Preferred Stock, each with their own distinct provisions.