New York Subscription Agreement - 6% Series G Convertible Preferred Stock - between ObjectSoft Corp. and Investors regarding issuance and sale of preferred stock

• Category: Corporations - Public - Stock Subscription Agreements
• State: Multi-State
• Control #: US-EG-9225
• Format: Word; Rich Text

Description

6% Series G Convertible Preferred Stock Subscription Agreement between ObjectSoft Corporation and Investors wherein the company shall issue and sell to the Investors preferred stock and company agrees to purchase warrant shares dated December 30, 1999. A New York Subscription Agreement can be described as a legally binding contract between Object Soft Corp. and interested investors for the issuance and sale of 6% Series G Convertible Preferred Stock. This agreement sets out the terms and conditions under which the preferred stock will be offered, subscribed to, and purchased by the investors. The New York Subscription Agreement outlines various crucial details, including the number of shares being offered, the price per share, and the overall consideration to be paid by the investors. It also specifies the rights, preferences, and privileges associated with the preferred stock, such as dividends, liquidation preferences, and conversion rights. One crucial aspect of the New York Subscription Agreement is the conversion feature, allowing the preferred stock to be converted into common stock at a pre-determined conversion price. This provision enables investors to potentially benefit from any future increase in the company's value by converting their preferred stock into common stock. The agreement also includes provisions that govern the conditions under which the issuance and sale of the preferred stock can take place. It may outline the minimum subscription requirements that must be met for the offering to proceed. Additionally, the agreement may address representations and warranties made by both parties, and the rights and remedies available in case of breach or non-compliance with the agreed-upon terms. It's important to note that while the example above refers to the 6% Series G Convertible Preferred Stock, Object Soft Corp. may have issued different series of preferred stock in the past or intends to issue additional series in the future. In such cases, there could be distinct New York Subscription Agreements for each series, differentiating them based on the specific terms, preferences, and characteristics associated with each type of preferred stock. Some examples of other potential New York Subscription Agreements related to Object Soft Corp. and its preferred stock offerings may include the 7% Series E Convertible Preferred Stock Agreement, the 5% Series F Convertible Preferred Stock Agreement, and so on. Each agreement would pertain to a unique series of preferred stock with its own set of terms and conditions tailored to meet the objectives and requirements of both Object Soft Corp. and the respective investors.

A New York Subscription Agreement can be described as a legally binding contract between Object Soft Corp. and interested investors for the issuance and sale of 6% Series G Convertible Preferred Stock. This agreement sets out the terms and conditions under which the preferred stock will be offered, subscribed to, and purchased by the investors. The New York Subscription Agreement outlines various crucial details, including the number of shares being offered, the price per share, and the overall consideration to be paid by the investors. It also specifies the rights, preferences, and privileges associated with the preferred stock, such as dividends, liquidation preferences, and conversion rights. One crucial aspect of the New York Subscription Agreement is the conversion feature, allowing the preferred stock to be converted into common stock at a pre-determined conversion price. This provision enables investors to potentially benefit from any future increase in the company's value by converting their preferred stock into common stock. The agreement also includes provisions that govern the conditions under which the issuance and sale of the preferred stock can take place. It may outline the minimum subscription requirements that must be met for the offering to proceed. Additionally, the agreement may address representations and warranties made by both parties, and the rights and remedies available in case of breach or non-compliance with the agreed-upon terms. It's important to note that while the example above refers to the 6% Series G Convertible Preferred Stock, Object Soft Corp. may have issued different series of preferred stock in the past or intends to issue additional series in the future. In such cases, there could be distinct New York Subscription Agreements for each series, differentiating them based on the specific terms, preferences, and characteristics associated with each type of preferred stock. Some examples of other potential New York Subscription Agreements related to Object Soft Corp. and its preferred stock offerings may include the 7% Series E Convertible Preferred Stock Agreement, the 5% Series F Convertible Preferred Stock Agreement, and so on. Each agreement would pertain to a unique series of preferred stock with its own set of terms and conditions tailored to meet the objectives and requirements of both Object Soft Corp. and the respective investors.