The Virgin Islands Registration Rights Agreement is a legal document that outlines the rights and obligations of both Object Soft Corp. and its investors concerning the sale and purchase of 6% Series G convertible preferred stocks. This agreement is essential in ensuring transparency and compliance with securities regulations in the Virgin Islands. The Registration Rights Agreement provides Object Soft Corp. with the obligation to register the preferred stocks and make them available for public sale. This registration process involves filing necessary documents with the relevant regulatory authorities in the Virgin Islands. The purpose of this agreement is to provide protection and flexibility for the investors in the event they wish to sell their shares. Under the Virgin Islands Registration Rights Agreement, Object Soft Corp. agrees to undertake various responsibilities and provide certain assurances to the investors. These may include: 1. Demand Registration: Object Soft Corp. may be obligated to register the preferred stocks upon the request of the investors. This allows the investors to sell their shares in the public market when desired. 2. Piggyback Registration: In certain circumstances, Object Soft Corp. may file a registration statement for its own securities, and the investors have the right to include their preferred stocks in the offering. This enables the investors to capitalize on the company's registration efforts without incurring additional expenses. 3. Form S-3 Registration: If Object Soft Corp. becomes eligible to use Form S-3, a simplified registration process, it has an obligation to include the preferred stocks held by the investors in such registration, subject to certain conditions. It's worth noting that there may be different types or variations of the Virgin Islands Registration Rights Agreement between Object Soft Corp. and its investors. These variations may include additional provisions or rights tailored to specific circumstances, investor preferences, or legal requirements. Some specific types of Virgin Islands Registration Rights Agreements related to the sale and purchase of 6% Series G convertible preferred stocks could include: — Basic Registration Rights Agreement: This form of agreement outlines the standard registration rights and obligations between Object Soft Corp. and the investors, including demand and piggyback registration provisions. — Expanded Registration Rights Agreement: In cases where the investors require additional rights or provisions, an expanded agreement might be created. It could include specific conditions, limitations, or remedies sought by the investors. — S-3 Eligibility Registration Rights Agreement: If Object Soft Corp. becomes eligible to use Form S-3, a separate agreement might be drafted to outline the registration rights available under this streamlined process. In conclusion, the Virgin Islands Registration Rights Agreement is a significant legal document that regulates the sale and purchase of 6% Series G convertible preferred stocks between Object Soft Corp. and its investors. It ensures transparency and compliance, while providing various registration rights to protect the interests of the investors.