Alameda California 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
• County: Alameda
• 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. The Alameda California Subscription Agreement — 6% Series G Convertible Preferred Stock is a legally binding document that outlines the terms and conditions between Object Soft Corp. and investors for the issuance and sale of preferred stock. This agreement is specific to the state of California and pertains to the Series G Convertible Preferred Stock with a fixed 6% annual dividend rate. The preferred stock being offered by Object Soft Corp. provides investors with certain advantages over common stockholders. The series G preferred stockholders have a higher claim on company assets in the event of liquidation and are entitled to receive their dividend payments before common stockholders. Additionally, the preferred stock is convertible and allows the investors to convert their shares into a predetermined number of common shares if they choose to do so. The agreement typically includes various key provisions and clauses that govern the rights and obligations of both Object Soft Corp. and the investors. Some important elements covered in the agreement may include but are not limited to: 1. Issuance and Sale: The agreement outlines the number of preferred stock shares being issued, the purchase price per share, and the total amount of capital to be raised from the investors. 2. Dividend Payments: The agreement specifies the dividend rate of 6% and the frequency at which these payments will be made, ensuring that preferred stockholders receive their dividends in a timely manner. 3. Conversion Rights: The agreement outlines the terms and conditions under which the preferred stock can be converted into common stock. This includes the conversion ratio and any restrictions or limitations on the conversion process. 4. Voting Rights: The agreement defines the voting rights of the preferred stockholders, such as the right to vote on certain corporate matters, including mergers, acquisitions, or changes to corporate structure. 5. Liquidation Preference: The agreement addresses the preferred stockholders' priority in receiving proceeds in the event of liquidation or dissolution of the company, ensuring that they are paid before the common stockholders. It's important to note that the Alameda California Subscription Agreement — 6% Series G Convertible Preferred Stock may have variations or multiple series (e.g., Series A, B, C, etc.) depending on the specific agreements entered into by Object Soft Corp. with different investors. Each series may have its own distinct terms, such as dividend rates, conversion terms, and voting rights.

The Alameda California Subscription Agreement — 6% Series G Convertible Preferred Stock is a legally binding document that outlines the terms and conditions between Object Soft Corp. and investors for the issuance and sale of preferred stock. This agreement is specific to the state of California and pertains to the Series G Convertible Preferred Stock with a fixed 6% annual dividend rate. The preferred stock being offered by Object Soft Corp. provides investors with certain advantages over common stockholders. The series G preferred stockholders have a higher claim on company assets in the event of liquidation and are entitled to receive their dividend payments before common stockholders. Additionally, the preferred stock is convertible and allows the investors to convert their shares into a predetermined number of common shares if they choose to do so. The agreement typically includes various key provisions and clauses that govern the rights and obligations of both Object Soft Corp. and the investors. Some important elements covered in the agreement may include but are not limited to: 1. Issuance and Sale: The agreement outlines the number of preferred stock shares being issued, the purchase price per share, and the total amount of capital to be raised from the investors. 2. Dividend Payments: The agreement specifies the dividend rate of 6% and the frequency at which these payments will be made, ensuring that preferred stockholders receive their dividends in a timely manner. 3. Conversion Rights: The agreement outlines the terms and conditions under which the preferred stock can be converted into common stock. This includes the conversion ratio and any restrictions or limitations on the conversion process. 4. Voting Rights: The agreement defines the voting rights of the preferred stockholders, such as the right to vote on certain corporate matters, including mergers, acquisitions, or changes to corporate structure. 5. Liquidation Preference: The agreement addresses the preferred stockholders' priority in receiving proceeds in the event of liquidation or dissolution of the company, ensuring that they are paid before the common stockholders. It's important to note that the Alameda California Subscription Agreement — 6% Series G Convertible Preferred Stock may have variations or multiple series (e.g., Series A, B, C, etc.) depending on the specific agreements entered into by Object Soft Corp. with different investors. Each series may have its own distinct terms, such as dividend rates, conversion terms, and voting rights.