New Jersey 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. A New Jersey Registration Rights Agreement is a legal document that outlines the rights and obligations of Object Soft Corp. and its investors regarding the sale and purchase of 6% Series G convertible preferred stocks. This agreement ensures that both parties understand and adhere to the registration process, confidentiality provisions, and timeframes associated with the securities being offered or sold. The main purpose of the New Jersey Registration Rights Agreement is to safeguard the interests of the investors by providing them with certain rights to register their shares for sale or purchase. These rights typically include demand registration rights and piggyback registration rights. 1. Demand Registration Rights: Under this provision, Object Soft Corp. agrees to register the shares of the 6% Series G convertible preferred stocks upon the request of the investors. The agreement specifies the conditions under which the investors can demand registration, such as the minimum number of shares required and the purpose of the registration. Object Soft Corp. is obligated to initiate the registration process and bear the associated expenses. 2. Piggyback Registration Rights: This provision allows the investors to include their shares in any registration initiated by Object Soft Corp. for its own securities. If Object Soft Corp. intends to register any of its securities for public sale, the investors have the right to "piggyback" on that registration and sell their shares alongside the company's offering. This enables investors to take advantage of the registration process initiated by Object Soft Corp. without incurring additional costs. The New Jersey Registration Rights Agreement also covers various other important aspects, such as the obligations of both parties, indemnification provisions, blackout periods, and limitations on the transferability of registration rights. It ensures fairness, transparency, and compliance with securities laws and regulations. In summary, the New Jersey Registration Rights Agreement outlines the terms under which Object Soft Corp. and its investors can register and sell their 6% Series G convertible preferred stocks. By providing demand and piggyback registration rights, the agreement ensures that investors have the opportunity to monetize their investments while protecting their interests.

A New Jersey Registration Rights Agreement is a legal document that outlines the rights and obligations of Object Soft Corp. and its investors regarding the sale and purchase of 6% Series G convertible preferred stocks. This agreement ensures that both parties understand and adhere to the registration process, confidentiality provisions, and timeframes associated with the securities being offered or sold. The main purpose of the New Jersey Registration Rights Agreement is to safeguard the interests of the investors by providing them with certain rights to register their shares for sale or purchase. These rights typically include demand registration rights and piggyback registration rights. 1. Demand Registration Rights: Under this provision, Object Soft Corp. agrees to register the shares of the 6% Series G convertible preferred stocks upon the request of the investors. The agreement specifies the conditions under which the investors can demand registration, such as the minimum number of shares required and the purpose of the registration. Object Soft Corp. is obligated to initiate the registration process and bear the associated expenses. 2. Piggyback Registration Rights: This provision allows the investors to include their shares in any registration initiated by Object Soft Corp. for its own securities. If Object Soft Corp. intends to register any of its securities for public sale, the investors have the right to "piggyback" on that registration and sell their shares alongside the company's offering. This enables investors to take advantage of the registration process initiated by Object Soft Corp. without incurring additional costs. The New Jersey Registration Rights Agreement also covers various other important aspects, such as the obligations of both parties, indemnification provisions, blackout periods, and limitations on the transferability of registration rights. It ensures fairness, transparency, and compliance with securities laws and regulations. In summary, the New Jersey Registration Rights Agreement outlines the terms under which Object Soft Corp. and its investors can register and sell their 6% Series G convertible preferred stocks. By providing demand and piggyback registration rights, the agreement ensures that investors have the opportunity to monetize their investments while protecting their interests.