Fairfax Virginia 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: Fairfax
• 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. Fairfax Virginia Subscription Agreement — 6% Series G Convertible Preferred Stock — betweeObjectofFFTft Corp. and Investors This Subscription Agreement establishes the terms and conditions under which Object Soft Corp. ("the Company") will issue and sell its 6% Series G Convertible Preferred Stock ("Preferred Stock") to the Investors. The Preferred Stock offered through this Subscription Agreement carries a fixed annual dividend rate of 6% and is convertible into common stock of the Company. The agreement outlines the rights, privileges, and restrictions associated with holding such Preferred Stock. The Subscription Agreement encompasses the following key provisions: 1. Issuance and Sale: The Company, as the issuer, offers the Preferred Stock to accredited investors or other entities able to make the necessary investment. The agreement outlines the number of shares available, pricing terms, and the payment process. 2. Conversion Rights: The Preferred Stockholders have the option to convert their shares into common stock of the Company at a predetermined conversion ratio. This provision enables Preferred Stock investors to participate in potential future growth and capital appreciation. 3. Dividends: The Preferred Stockholders are entitled to receive a fixed annual cumulative dividend of 6% of the stock's stated value. The subscription agreement explains the dividend payment process, frequency, and related rights. 4. Voting Rights: The Subscription Agreement specifies the voting rights associated with holding the Preferred Stock, including matters requiring Preferred Stockholder consent, voting procedures, and protection of minority rights. 5. Liquidation Preference: In the event of the company's liquidation or winding up, the Preferred Stockholders have a liquidation preference over common stockholders. This provision defines the order in which investors are entitled to receive the proceeds from the liquidation. 6. Redemption Rights: The agreement addresses the Company's right to redeem the Preferred Stock under certain circumstances, including at its discretion or in response to specified events, subject to the terms and conditions outlined in the agreement. Types of Fairfax Virginia Subscription Agreement — 6% Series G Convertible Preferred Stock: 1. Individual Investor Agreement: This type of subscription agreement is executed between Object Soft Corp. and individual investors who meet the requirements set forth by the Company to purchase the 6% Series G Convertible Preferred Stock. 2. Institutional Investor Agreement: In certain cases, the Company may offer the Preferred Stock to institutional investors or other entities, which necessitates a separate agreement tailored to the specific needs and requirements of such investors. Overall, the Fairfax Virginia Subscription Agreement — 6% Series G Convertible Preferred Stock outlines the issuance and sale of Object Soft Corp.'s Preferred Stock, providing investors with detailed information regarding their rights, obligations, and the terms of their investment.

Fairfax Virginia Subscription Agreement — 6% Series G Convertible Preferred Stock — betweeObjectofFFTft Corp. and Investors This Subscription Agreement establishes the terms and conditions under which Object Soft Corp. ("the Company") will issue and sell its 6% Series G Convertible Preferred Stock ("Preferred Stock") to the Investors. The Preferred Stock offered through this Subscription Agreement carries a fixed annual dividend rate of 6% and is convertible into common stock of the Company. The agreement outlines the rights, privileges, and restrictions associated with holding such Preferred Stock. The Subscription Agreement encompasses the following key provisions: 1. Issuance and Sale: The Company, as the issuer, offers the Preferred Stock to accredited investors or other entities able to make the necessary investment. The agreement outlines the number of shares available, pricing terms, and the payment process. 2. Conversion Rights: The Preferred Stockholders have the option to convert their shares into common stock of the Company at a predetermined conversion ratio. This provision enables Preferred Stock investors to participate in potential future growth and capital appreciation. 3. Dividends: The Preferred Stockholders are entitled to receive a fixed annual cumulative dividend of 6% of the stock's stated value. The subscription agreement explains the dividend payment process, frequency, and related rights. 4. Voting Rights: The Subscription Agreement specifies the voting rights associated with holding the Preferred Stock, including matters requiring Preferred Stockholder consent, voting procedures, and protection of minority rights. 5. Liquidation Preference: In the event of the company's liquidation or winding up, the Preferred Stockholders have a liquidation preference over common stockholders. This provision defines the order in which investors are entitled to receive the proceeds from the liquidation. 6. Redemption Rights: The agreement addresses the Company's right to redeem the Preferred Stock under certain circumstances, including at its discretion or in response to specified events, subject to the terms and conditions outlined in the agreement. Types of Fairfax Virginia Subscription Agreement — 6% Series G Convertible Preferred Stock: 1. Individual Investor Agreement: This type of subscription agreement is executed between Object Soft Corp. and individual investors who meet the requirements set forth by the Company to purchase the 6% Series G Convertible Preferred Stock. 2. Institutional Investor Agreement: In certain cases, the Company may offer the Preferred Stock to institutional investors or other entities, which necessitates a separate agreement tailored to the specific needs and requirements of such investors. Overall, the Fairfax Virginia Subscription Agreement — 6% Series G Convertible Preferred Stock outlines the issuance and sale of Object Soft Corp.'s Preferred Stock, providing investors with detailed information regarding their rights, obligations, and the terms of their investment.