Harris Texas 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: Harris
• 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 Harris Texas Subscription Agreement — 6% Series G Convertible Preferred Stock is a legally binding contract between Object Soft Corp. and Investors that governs the issuance and sale of preferred stock. This document outlines the terms and conditions, rights and obligations, as well as the procedures involved in the sale and conversion of the preferred stock. Under this agreement, Object Soft Corp. agrees to issue a specific number of preferred shares to investors at a predetermined price. The preferred stockholders are entitled to a fixed dividend rate of 6% per annum. This rate is paid out regularly, typically quarterly, in the form of cash dividends. The Series G Convertible Preferred Stock has the additional feature of being convertible into common stock of Object Soft Corp. at the option of the preferred stockholders. Conversion may occur at any time, subject to certain conversion terms and conditions specified in the agreement. This provision allows investors to potentially benefit from future growth and profitability of the company. The Harris Texas Subscription Agreement serves as a framework for the issuance and sale of multiple series of preferred stock. The 6% Series G preferred stock is one specific type of preferred stock covered under this agreement. Additional series of preferred stock may be described in separate subscription agreements, such as the 7% Series H Convertible Preferred Stock or the 5% Series F Participating Preferred Stock. Key elements addressed in the agreement include the number of shares being issued, the purchase price per share, the dividend rate, conversion terms, redemption provisions, voting rights, and any protective provisions to safeguard the rights of the preferred stockholders. Object Soft Corp. and Investors enter into this agreement to formalize their mutual understanding and protect their respective interests. It ensures transparency, clarity, and legal validity in the issuance and sale of preferred stock, while providing a mechanism for investors to participate in the company's growth and receive potential returns on their investment.

The Harris Texas Subscription Agreement — 6% Series G Convertible Preferred Stock is a legally binding contract between Object Soft Corp. and Investors that governs the issuance and sale of preferred stock. This document outlines the terms and conditions, rights and obligations, as well as the procedures involved in the sale and conversion of the preferred stock. Under this agreement, Object Soft Corp. agrees to issue a specific number of preferred shares to investors at a predetermined price. The preferred stockholders are entitled to a fixed dividend rate of 6% per annum. This rate is paid out regularly, typically quarterly, in the form of cash dividends. The Series G Convertible Preferred Stock has the additional feature of being convertible into common stock of Object Soft Corp. at the option of the preferred stockholders. Conversion may occur at any time, subject to certain conversion terms and conditions specified in the agreement. This provision allows investors to potentially benefit from future growth and profitability of the company. The Harris Texas Subscription Agreement serves as a framework for the issuance and sale of multiple series of preferred stock. The 6% Series G preferred stock is one specific type of preferred stock covered under this agreement. Additional series of preferred stock may be described in separate subscription agreements, such as the 7% Series H Convertible Preferred Stock or the 5% Series F Participating Preferred Stock. Key elements addressed in the agreement include the number of shares being issued, the purchase price per share, the dividend rate, conversion terms, redemption provisions, voting rights, and any protective provisions to safeguard the rights of the preferred stockholders. Object Soft Corp. and Investors enter into this agreement to formalize their mutual understanding and protect their respective interests. It ensures transparency, clarity, and legal validity in the issuance and sale of preferred stock, while providing a mechanism for investors to participate in the company's growth and receive potential returns on their investment.