Bexar Texas Registration Rights Agreement between ObjectSoft Corp. and Investors regarding sale and purchase of 6% Series G convertible preferred stocks

• Category: Corporations - Public - Rights
• State: Multi-State
• County: Bexar
• Control #: US-EG-9226
• Format: Word; Rich Text

Description

Registration Rights Agreement between ObjectSoft Corporation and Investors regarding the sale and purchase of 6% Series G convertible preferred stocks dated December 30, 1999. 18 pages. Bexar Texas Registration Rights Agreement is a legal document between Object Soft Corp. and its investors that outlines the rights and obligations regarding the sale and purchase of 6% Series G convertible preferred stocks. This agreement ensures transparency, fairness, and the protection of both parties' interests in the transaction. Under this agreement, Object Soft Corp. grants certain registration rights to its investors, allowing them to register their shares with the Securities and Exchange Commission (SEC) for sale to the public. The purpose of these registration rights is to facilitate the liquidity of the investors' shares and provide them with an exit strategy, potentially increasing the attractiveness of the investment. The agreement enables investors to request the registration of their shares either on a demand basis or through a piggyback registration. In a demand registration, the investor has the right to require Object Soft Corp. to register their shares with the SEC within a specified timeframe. This provision gives investors the opportunity to sell their shares to the public when market conditions are favorable. On the other hand, piggyback registration allows the investors to include their shares in a registration statement filed by Object Soft Corp. on behalf of itself or another investor. This type of registration is triggered when Object Soft Corp. decides to register its securities for a public offering, and the investors can "piggyback" on that registration. The Bexar Texas Registration Rights Agreement also outlines the obligations and responsibilities of both Object Soft Corp. and the investors regarding the registration process. It addresses matters such as the timing and expenses associated with the registration, indemnification provisions, and limitations on the transferability of the shares. In summary, the Bexar Texas Registration Rights Agreement is a crucial legal document that governs the sale and purchase of 6% Series G convertible preferred stocks between Object Soft Corp. and its investors. It provides the investors with registration rights, enabling them to register their shares with the SEC for potential public sale. By granting these rights, Object Soft Corp. aims to promote transparency and liquidity in the market, benefiting both the investors and the company.

Bexar Texas Registration Rights Agreement is a legal document between Object Soft Corp. and its investors that outlines the rights and obligations regarding the sale and purchase of 6% Series G convertible preferred stocks. This agreement ensures transparency, fairness, and the protection of both parties' interests in the transaction. Under this agreement, Object Soft Corp. grants certain registration rights to its investors, allowing them to register their shares with the Securities and Exchange Commission (SEC) for sale to the public. The purpose of these registration rights is to facilitate the liquidity of the investors' shares and provide them with an exit strategy, potentially increasing the attractiveness of the investment. The agreement enables investors to request the registration of their shares either on a demand basis or through a piggyback registration. In a demand registration, the investor has the right to require Object Soft Corp. to register their shares with the SEC within a specified timeframe. This provision gives investors the opportunity to sell their shares to the public when market conditions are favorable. On the other hand, piggyback registration allows the investors to include their shares in a registration statement filed by Object Soft Corp. on behalf of itself or another investor. This type of registration is triggered when Object Soft Corp. decides to register its securities for a public offering, and the investors can "piggyback" on that registration. The Bexar Texas Registration Rights Agreement also outlines the obligations and responsibilities of both Object Soft Corp. and the investors regarding the registration process. It addresses matters such as the timing and expenses associated with the registration, indemnification provisions, and limitations on the transferability of the shares. In summary, the Bexar Texas Registration Rights Agreement is a crucial legal document that governs the sale and purchase of 6% Series G convertible preferred stocks between Object Soft Corp. and its investors. It provides the investors with registration rights, enabling them to register their shares with the SEC for potential public sale. By granting these rights, Object Soft Corp. aims to promote transparency and liquidity in the market, benefiting both the investors and the company.