Santa Clara 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: Santa Clara
• 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 Santa Clara California Subscription Agreement — 6% Series G Convertible Preferred Stock is a legal document that outlines the agreement between Object Soft Corp. and investors for the issuance and sale of preferred stock. This agreement sets the terms and conditions for the purchase of the Series G Convertible Preferred Stock by investors, including the rights and obligations of both parties involved. The Subscription Agreement is an essential document that provides all the necessary details about the stock issuance and sale. It includes information about the number of shares to be issued, the purchase price per share, the conversion terms, and any other provisions related to the preferred stock. The 6% Series G Convertible Preferred Stock offered through this Subscription Agreement is a specific type of preferred stock that grants investors the right to convert their shares into common stock of Object Soft Corp. at a predefined conversion ratio. This conversion feature provides investors with the potential for future capital appreciation if the company's common stock performs well. Furthermore, the 6% Series G Convertible Preferred Stock entitles the investors to receive a fixed 6% annual dividend payment. This dividend is calculated based on the original purchase price of the preferred stock and serves as a return on investment for the investors. By entering into this Subscription Agreement, Object Soft Corp. gains access to capital from the investors, which can be utilized for various corporate purposes such as research and development, expansion, or acquisitions. In return, the investors obtain ownership in the company through the ownership of preferred stock, which provides them with certain rights and privileges not available to common stockholders. It is worth noting that there might be different types of Subscription Agreements for preferred stock, such as Series A, Series B, Series C, and so on. These different series often represent subsequent rounds of financing, each with its own terms and conditions. However, in the context of the provided details, the focus is on the Santa Clara California Subscription Agreement — 6% Series G Convertible Preferred Stock specifically.

The Santa Clara California Subscription Agreement — 6% Series G Convertible Preferred Stock is a legal document that outlines the agreement between Object Soft Corp. and investors for the issuance and sale of preferred stock. This agreement sets the terms and conditions for the purchase of the Series G Convertible Preferred Stock by investors, including the rights and obligations of both parties involved. The Subscription Agreement is an essential document that provides all the necessary details about the stock issuance and sale. It includes information about the number of shares to be issued, the purchase price per share, the conversion terms, and any other provisions related to the preferred stock. The 6% Series G Convertible Preferred Stock offered through this Subscription Agreement is a specific type of preferred stock that grants investors the right to convert their shares into common stock of Object Soft Corp. at a predefined conversion ratio. This conversion feature provides investors with the potential for future capital appreciation if the company's common stock performs well. Furthermore, the 6% Series G Convertible Preferred Stock entitles the investors to receive a fixed 6% annual dividend payment. This dividend is calculated based on the original purchase price of the preferred stock and serves as a return on investment for the investors. By entering into this Subscription Agreement, Object Soft Corp. gains access to capital from the investors, which can be utilized for various corporate purposes such as research and development, expansion, or acquisitions. In return, the investors obtain ownership in the company through the ownership of preferred stock, which provides them with certain rights and privileges not available to common stockholders. It is worth noting that there might be different types of Subscription Agreements for preferred stock, such as Series A, Series B, Series C, and so on. These different series often represent subsequent rounds of financing, each with its own terms and conditions. However, in the context of the provided details, the focus is on the Santa Clara California Subscription Agreement — 6% Series G Convertible Preferred Stock specifically.