Queens New York 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: Queens
• 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. Queens New York Subscription Agreement — 6% Series G Convertible Preferred Stock is a legally binding document that establishes a contractual agreement between Object Soft Corp. and Investors for the issuance and sale of preferred stock. This agreement outlines the terms, conditions, and obligations of both parties involved in the transaction. The preferred stock is characterized by its convertibility feature, allowing investors to convert their ownership into common stock of the company under certain specified conditions. This subscription agreement plays a crucial role in facilitating the capital-raising process for Object Soft Corp. by attracting potential investors and providing them with a comprehensive understanding of the investment opportunity. Here are a few key components typically covered in this type of subscription agreement: 1. Parties involved: The agreement clearly states the identities of Object Soft Corp. as the issuing company and the investors participating in the preferred stock offering. It includes their contact information and legal representations. 2. Stock offering details: The agreement provides a detailed description of the preferred stock being offered, particularly the 6% Series G Convertible Preferred Stock. It specifies the number of shares available, their par value, and any unique characteristics associated with this particular series. 3. Price and consideration: The subscription agreement outlines the price at which the preferred stock will be issued and the consideration to be provided by the investors for their subscription. This can be in the form of cash, check, or any other accepted payment method. 4. Conversion rights and terms: As the preferred stock is convertible, the agreement delineates the conversion rights of the investors. It outlines the conversion ratio, the conditions triggering conversion, and the timeframe during which conversion is permitted. 5. Dividends and interest: The subscription agreement stipulates the dividend rate applicable to the preferred stock and the frequency of dividend payments. It also highlights the interest rate for any accrued but unpaid dividends. 6. Voting rights: The agreement specifies the voting rights associated with the preferred stock. It outlines the matters on which preferred stockholders are entitled to vote and the voting proportion allocated to each share. 7. Representations and warranties: Both Object Soft Corp. and the investors make various representations and warranties, assuring each other of their respective legal capacity, authority, and compliance with applicable laws. This protects the interests of both parties. 8. Termination and default provisions: The subscription agreement includes provisions outlining circumstances under which the agreement may be terminated or deemed in default. It also outlines the consequences of such termination or default, which may include forfeiture of shares or monetary damages. It's important to note that while the Queens New York Subscription Agreement — 6% Series G Convertible Preferred Stock is a specific type of agreement, there might be variations in the specific series offered (e.g., Series A, Series B, etc.). The different series may have distinct features, such as varying dividend rates, conversion ratios, or terms, but the overall structure and purpose of the agreement remain consistent.

Queens New York Subscription Agreement — 6% Series G Convertible Preferred Stock is a legally binding document that establishes a contractual agreement between Object Soft Corp. and Investors for the issuance and sale of preferred stock. This agreement outlines the terms, conditions, and obligations of both parties involved in the transaction. The preferred stock is characterized by its convertibility feature, allowing investors to convert their ownership into common stock of the company under certain specified conditions. This subscription agreement plays a crucial role in facilitating the capital-raising process for Object Soft Corp. by attracting potential investors and providing them with a comprehensive understanding of the investment opportunity. Here are a few key components typically covered in this type of subscription agreement: 1. Parties involved: The agreement clearly states the identities of Object Soft Corp. as the issuing company and the investors participating in the preferred stock offering. It includes their contact information and legal representations. 2. Stock offering details: The agreement provides a detailed description of the preferred stock being offered, particularly the 6% Series G Convertible Preferred Stock. It specifies the number of shares available, their par value, and any unique characteristics associated with this particular series. 3. Price and consideration: The subscription agreement outlines the price at which the preferred stock will be issued and the consideration to be provided by the investors for their subscription. This can be in the form of cash, check, or any other accepted payment method. 4. Conversion rights and terms: As the preferred stock is convertible, the agreement delineates the conversion rights of the investors. It outlines the conversion ratio, the conditions triggering conversion, and the timeframe during which conversion is permitted. 5. Dividends and interest: The subscription agreement stipulates the dividend rate applicable to the preferred stock and the frequency of dividend payments. It also highlights the interest rate for any accrued but unpaid dividends. 6. Voting rights: The agreement specifies the voting rights associated with the preferred stock. It outlines the matters on which preferred stockholders are entitled to vote and the voting proportion allocated to each share. 7. Representations and warranties: Both Object Soft Corp. and the investors make various representations and warranties, assuring each other of their respective legal capacity, authority, and compliance with applicable laws. This protects the interests of both parties. 8. Termination and default provisions: The subscription agreement includes provisions outlining circumstances under which the agreement may be terminated or deemed in default. It also outlines the consequences of such termination or default, which may include forfeiture of shares or monetary damages. It's important to note that while the Queens New York Subscription Agreement — 6% Series G Convertible Preferred Stock is a specific type of agreement, there might be variations in the specific series offered (e.g., Series A, Series B, etc.). The different series may have distinct features, such as varying dividend rates, conversion ratios, or terms, but the overall structure and purpose of the agreement remain consistent.