Houston 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
• City: Houston
• 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. Title: Houston Texas Subscription Agreement — 6% Series G Convertible Preferred Stock Introduction: The Houston Texas Subscription Agreement — 6% Series G Convertible Preferred Stock is a legally binding document that outlines the terms and conditions between Object Soft Corp. (the company) and investors pertaining to the issuance and sale of preferred stock. This agreement details the various provisions associated with the subscription of the 6% Series G Convertible Preferred Stock, providing both parties with a clear understanding of their rights, obligations, and benefits involved in this investment transaction. Key Elements of the Subscription Agreement: 1. Issuance of Preferred Stock: The agreement specifies the number of shares of 6% Series G Convertible Preferred Stock Object Soft Corp. is issuing to the investors, along with the par value and offering price per share. 2. Conversion Rights: The agreement includes provisions that determine under which conditions the preferred stock can be converted into common stock. It outlines the factors such as timeframes, pricing mechanisms, and other criteria for conversion. 3. Dividend Payments: This section details the dividend entitlements associated with the 6% Series G Convertible Preferred Stock. It explains the frequency of dividend distributions, the calculation methodology, and any special provisions related to dividend payments. 4. Voting Rights: The agreement defines the voting rights associated with the preferred stock. It outlines the number of votes per share and discusses the circumstances under which these voting rights can be exercised. 5. Liquidation Preferences: This section outlines the liquidation preferences given to the holders of the 6% Series G Convertible Preferred Stock in the event of a merger, acquisition, or liquidation of Object Soft Corp. It specifies the order of priority in which the stockholders will receive their respective payouts. 6. Representations and Warranties: Both Object Soft Corp. and the investors will make certain representations and warranties to ensure the accuracy of the information provided during the stock issuance process. This section clarifies the responsibilities of each party regarding the accuracy of the provided information. Additional Types of Houston Texas Subscription Agreements — 6% Series G Convertible Preferred Stock: 1. Series H Convertible Preferred Stock: This agreement would outline the specific terms and conditions associated with the issuance and sale of the 6% Series H Convertible Preferred Stock, which may have distinct attributes and provisions compared to the Series G preferred stock. 2. Series I Convertible Preferred Stock: Similarly, this agreement would detail the terms and conditions specific to the issuance and sale of the 6% Series I Convertible Preferred Stock, which might differ from the terms outlined for the Series G preferred stock. Conclusion: The Houston Texas Subscription Agreement — 6% Series G Convertible Preferred Stock is a crucial legal document that outlines the processes, rights, and obligations associated with the issuance and sale of preferred stock between Object Soft Corp. and investors. By understanding the key elements and provisions included in this agreement, both parties can ensure clarity and transparency in their investment transaction.

Title: Houston Texas Subscription Agreement — 6% Series G Convertible Preferred Stock Introduction: The Houston Texas Subscription Agreement — 6% Series G Convertible Preferred Stock is a legally binding document that outlines the terms and conditions between Object Soft Corp. (the company) and investors pertaining to the issuance and sale of preferred stock. This agreement details the various provisions associated with the subscription of the 6% Series G Convertible Preferred Stock, providing both parties with a clear understanding of their rights, obligations, and benefits involved in this investment transaction. Key Elements of the Subscription Agreement: 1. Issuance of Preferred Stock: The agreement specifies the number of shares of 6% Series G Convertible Preferred Stock Object Soft Corp. is issuing to the investors, along with the par value and offering price per share. 2. Conversion Rights: The agreement includes provisions that determine under which conditions the preferred stock can be converted into common stock. It outlines the factors such as timeframes, pricing mechanisms, and other criteria for conversion. 3. Dividend Payments: This section details the dividend entitlements associated with the 6% Series G Convertible Preferred Stock. It explains the frequency of dividend distributions, the calculation methodology, and any special provisions related to dividend payments. 4. Voting Rights: The agreement defines the voting rights associated with the preferred stock. It outlines the number of votes per share and discusses the circumstances under which these voting rights can be exercised. 5. Liquidation Preferences: This section outlines the liquidation preferences given to the holders of the 6% Series G Convertible Preferred Stock in the event of a merger, acquisition, or liquidation of Object Soft Corp. It specifies the order of priority in which the stockholders will receive their respective payouts. 6. Representations and Warranties: Both Object Soft Corp. and the investors will make certain representations and warranties to ensure the accuracy of the information provided during the stock issuance process. This section clarifies the responsibilities of each party regarding the accuracy of the provided information. Additional Types of Houston Texas Subscription Agreements — 6% Series G Convertible Preferred Stock: 1. Series H Convertible Preferred Stock: This agreement would outline the specific terms and conditions associated with the issuance and sale of the 6% Series H Convertible Preferred Stock, which may have distinct attributes and provisions compared to the Series G preferred stock. 2. Series I Convertible Preferred Stock: Similarly, this agreement would detail the terms and conditions specific to the issuance and sale of the 6% Series I Convertible Preferred Stock, which might differ from the terms outlined for the Series G preferred stock. Conclusion: The Houston Texas Subscription Agreement — 6% Series G Convertible Preferred Stock is a crucial legal document that outlines the processes, rights, and obligations associated with the issuance and sale of preferred stock between Object Soft Corp. and investors. By understanding the key elements and provisions included in this agreement, both parties can ensure clarity and transparency in their investment transaction.