Oregon Investor's Rights Agreement of BirthdayExpress.com

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9345
• Format: Word; Rich Text

Description

Amended and Restated Investor's Rights Agreement between BirthdayExpress.Com, Inc., Michael Jewell, Jan Jewell and various investors regarding the sale and issuance of stock dated July 21, 1999. 34 pages. The Oregon Investor's Rights Agreement of BirthdayExpress.com is a legal document that outlines the rights and obligations of investors who have invested in BirthdayExpress.com, a popular online party supplies retailer based in Oregon. This agreement is crucial in protecting the rights of investors and ensuring transparency and accountability in the company's operations. Under the Oregon Investor's Rights Agreement, investors are granted certain rights that empower them to safeguard their investments and participate in key decision-making processes. These rights may include: 1. Board Representation: Depending on the terms of the agreement, investors may have the right to appoint a representative to the company's board of directors. This allows them to have a voice in the strategic direction and overall management of BirthdayExpress.com. 2. Information Rights: The agreement ensures that investors have access to timely and accurate financial and operational information about the company. This includes regular updates, financial statements, and any other material information relating to the business's performance. 3. Preemptive Rights: Investors may be granted the right of first refusal or preemptive rights in subsequent funding rounds. This means they have the option to maintain their ownership percentage by investing in future rounds before new investors can participate. 4. Exit Rights: The agreement may outline provisions for investors to exit their investment in certain circumstances, such as through a sale of the company or an initial public offering (IPO). It may include details on the process, valuation, and timing of such exits. 5. Anti-Dilution Protections: Investors may be protected against dilution of their ownership stake in case the company issues additional shares of stock at a lower valuation than their original investment. This provision helps maintain the proportional value of their investment. 6. Restrictive Covenants: The agreement may include restrictive covenants that limit the company's ability to take certain actions without the approval or consent of the investors. This ensures that major decisions are made collectively and in the best interest of all stakeholders. It is important to note that specific terms and conditions of the Oregon Investor's Rights Agreement may vary depending on the negotiations between the company and its investors. Different types or variations of this agreement may exist, tailored to the individual needs and demands of the investors involved. In conclusion, the Oregon Investor's Rights Agreement of BirthdayExpress.com sets the framework for investor protection and engagement. By delineating rights and responsibilities, this legally binding document fosters a mutually beneficial relationship between investors and the company, ultimately contributing to BirthdayExpress.com's success and growth.

The Oregon Investor's Rights Agreement of BirthdayExpress.com is a legal document that outlines the rights and obligations of investors who have invested in BirthdayExpress.com, a popular online party supplies retailer based in Oregon. This agreement is crucial in protecting the rights of investors and ensuring transparency and accountability in the company's operations. Under the Oregon Investor's Rights Agreement, investors are granted certain rights that empower them to safeguard their investments and participate in key decision-making processes. These rights may include: 1. Board Representation: Depending on the terms of the agreement, investors may have the right to appoint a representative to the company's board of directors. This allows them to have a voice in the strategic direction and overall management of BirthdayExpress.com. 2. Information Rights: The agreement ensures that investors have access to timely and accurate financial and operational information about the company. This includes regular updates, financial statements, and any other material information relating to the business's performance. 3. Preemptive Rights: Investors may be granted the right of first refusal or preemptive rights in subsequent funding rounds. This means they have the option to maintain their ownership percentage by investing in future rounds before new investors can participate. 4. Exit Rights: The agreement may outline provisions for investors to exit their investment in certain circumstances, such as through a sale of the company or an initial public offering (IPO). It may include details on the process, valuation, and timing of such exits. 5. Anti-Dilution Protections: Investors may be protected against dilution of their ownership stake in case the company issues additional shares of stock at a lower valuation than their original investment. This provision helps maintain the proportional value of their investment. 6. Restrictive Covenants: The agreement may include restrictive covenants that limit the company's ability to take certain actions without the approval or consent of the investors. This ensures that major decisions are made collectively and in the best interest of all stakeholders. It is important to note that specific terms and conditions of the Oregon Investor's Rights Agreement may vary depending on the negotiations between the company and its investors. Different types or variations of this agreement may exist, tailored to the individual needs and demands of the investors involved. In conclusion, the Oregon Investor's Rights Agreement of BirthdayExpress.com sets the framework for investor protection and engagement. By delineating rights and responsibilities, this legally binding document fosters a mutually beneficial relationship between investors and the company, ultimately contributing to BirthdayExpress.com's success and growth.