Utah 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. Utah Registration Rights Agreement between Object Soft Corp. and Investors: Sale and Purchase of 6% Series G Convertible Preferred Stocks In the state of Utah, Object Soft Corp. and its investors enter into a Registration Rights Agreement to govern the sale and purchase of 6% Series G convertible preferred stocks. This agreement outlines the rights and obligations of both parties in regard to the registration of these securities with the appropriate regulatory authorities. The primary objective of this agreement is to facilitate the efficient and timely registration process, ensuring that the investors are able to freely sell or transfer their shares of 6% Series G convertible preferred stocks. The registration rights granted to the investors aim to provide them with liquidity and flexibility in their investment. The Utah Registration Rights Agreement entails several key components and provisions, including: 1. Right to Request Registration: The agreement grants the investors the right to request the registration of their 6% Series G convertible preferred stocks, either on a stand-alone basis or in conjunction with other securities. The investors may exercise this right within a predetermined timeframe, typically after a specified period following the initial public offering (IPO) or another triggering event. 2. Mandatory Registration: In certain cases, Object Soft Corp. may be obligated to initiate the registration process without any request from the investors. This obligation may arise if Object Soft intends to conduct its own registered public offering or if the registration of the company's common stock is required by law. 3. Registration Expenses: The registration expenses, including legal fees, auditing costs, and filing fees, incurred during the registration process are typically borne by Object Soft Corp. However, the investors may be responsible for their own selling expenses, such as brokerage commissions and underwriting fees. 4. Piggyback Registration Rights: The agreement may include piggyback registration rights, which enable the investors to include their 6% Series G convertible preferred stocks in an already planned registration statement filed by Object Soft Corp. In such cases, Object Soft must allow the investors to participate in the offering, subject to certain limitations and conditions. 5. Indemnification: Object Soft Corp. provides indemnification to the investors, protecting them against any potential losses, damages, or liabilities arising from the registration process. This indemnification includes legal fees, expenses, and any settlement payments incurred due to material misrepresentations or omissions made by Object Soft Corp. It is important to note that Utah Registration Rights Agreements may vary in terms of specific provisions and requirements depending on the negotiated terms between Object Soft Corp. and the investors. Other types of Utah Registration Rights Agreements related to the sale and purchase of 6% Series G convertible preferred stocks may be named according to their specific characteristics or additional provisions, such as "Utah Registration Rights Agreement with Demand Rights" or "Utah Registration Rights Agreement with Shelf Registration." Each type delivers unique rights and privileges to the investors and Object Soft Corp. based on their specific needs and objectives.

Utah Registration Rights Agreement between Object Soft Corp. and Investors: Sale and Purchase of 6% Series G Convertible Preferred Stocks In the state of Utah, Object Soft Corp. and its investors enter into a Registration Rights Agreement to govern the sale and purchase of 6% Series G convertible preferred stocks. This agreement outlines the rights and obligations of both parties in regard to the registration of these securities with the appropriate regulatory authorities. The primary objective of this agreement is to facilitate the efficient and timely registration process, ensuring that the investors are able to freely sell or transfer their shares of 6% Series G convertible preferred stocks. The registration rights granted to the investors aim to provide them with liquidity and flexibility in their investment. The Utah Registration Rights Agreement entails several key components and provisions, including: 1. Right to Request Registration: The agreement grants the investors the right to request the registration of their 6% Series G convertible preferred stocks, either on a stand-alone basis or in conjunction with other securities. The investors may exercise this right within a predetermined timeframe, typically after a specified period following the initial public offering (IPO) or another triggering event. 2. Mandatory Registration: In certain cases, Object Soft Corp. may be obligated to initiate the registration process without any request from the investors. This obligation may arise if Object Soft intends to conduct its own registered public offering or if the registration of the company's common stock is required by law. 3. Registration Expenses: The registration expenses, including legal fees, auditing costs, and filing fees, incurred during the registration process are typically borne by Object Soft Corp. However, the investors may be responsible for their own selling expenses, such as brokerage commissions and underwriting fees. 4. Piggyback Registration Rights: The agreement may include piggyback registration rights, which enable the investors to include their 6% Series G convertible preferred stocks in an already planned registration statement filed by Object Soft Corp. In such cases, Object Soft must allow the investors to participate in the offering, subject to certain limitations and conditions. 5. Indemnification: Object Soft Corp. provides indemnification to the investors, protecting them against any potential losses, damages, or liabilities arising from the registration process. This indemnification includes legal fees, expenses, and any settlement payments incurred due to material misrepresentations or omissions made by Object Soft Corp. It is important to note that Utah Registration Rights Agreements may vary in terms of specific provisions and requirements depending on the negotiated terms between Object Soft Corp. and the investors. Other types of Utah Registration Rights Agreements related to the sale and purchase of 6% Series G convertible preferred stocks may be named according to their specific characteristics or additional provisions, such as "Utah Registration Rights Agreement with Demand Rights" or "Utah Registration Rights Agreement with Shelf Registration." Each type delivers unique rights and privileges to the investors and Object Soft Corp. based on their specific needs and objectives.