Chicago Illinois 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
• City: Chicago
• 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. A Chicago Illinois Registration Rights Agreement is a legally binding contract between Object Soft Corp. and Investors pertaining to the sale and purchase of 6% Series G convertible preferred stocks. This agreement ensures that the investors have certain rights related to the registration of these securities with the Securities and Exchange Commission (SEC). Key provisions in a typical Chicago Illinois Registration Rights Agreement include: 1. Registration Obligations: The agreement outlines the company's obligations to file necessary registration statements with the SEC to register the securities being sold by the investors. This allows the investors to freely sell or transfer their shares. 2. Piggyback Rights: This provision grants the investors the right to have their securities included in any future registration statements filed by Object Soft Corp. for public offerings of its common stock. It provides them an opportunity to sell their shares alongside the company, providing liquidity for their investment. 3. Demand Registration: In some Registration Rights Agreements, investors may have the right to request that Object Soft Corp. files a registration statement for the sale of their securities. This is known as a demand registration, and it allows investors to dictate the timing and terms of the offering. 4. Shelf Registration: This provision permits Object Soft Corp. to file a registration statement in advance that covers the resale of securities by the investors. It allows for easier and quicker sale of the securities through a streamlined process, eliminating the need for additional filings each time the investors wish to sell their shares. 5. Lock-Up Period: The agreement may specify a lock-up period during which the investors are restricted from selling their securities. This provision aims to prevent stock price manipulation or rapid declines immediately after the registration statement becomes effective. Types of Chicago Illinois Registration Rights Agreement for 6% Series G convertible preferred stocks may vary in terms of the specific rights granted to investors or the conditions under which those rights can be exercised. For example, there may be variations in the duration of lock-up periods, trigger thresholds for demand registration, or the inclusion of anti-dilution provisions to protect investors' interests in case of future stock issuance. In conclusion, a Chicago Illinois Registration Rights Agreement is a crucial legal document that outlines the rights and obligations of Object Soft Corp. and investors regarding the sale and purchase of 6% Series G convertible preferred stocks. It provides investors with certain privileges related to the registration of their securities, ensuring transparency and liquidity in the market.

A Chicago Illinois Registration Rights Agreement is a legally binding contract between Object Soft Corp. and Investors pertaining to the sale and purchase of 6% Series G convertible preferred stocks. This agreement ensures that the investors have certain rights related to the registration of these securities with the Securities and Exchange Commission (SEC). Key provisions in a typical Chicago Illinois Registration Rights Agreement include: 1. Registration Obligations: The agreement outlines the company's obligations to file necessary registration statements with the SEC to register the securities being sold by the investors. This allows the investors to freely sell or transfer their shares. 2. Piggyback Rights: This provision grants the investors the right to have their securities included in any future registration statements filed by Object Soft Corp. for public offerings of its common stock. It provides them an opportunity to sell their shares alongside the company, providing liquidity for their investment. 3. Demand Registration: In some Registration Rights Agreements, investors may have the right to request that Object Soft Corp. files a registration statement for the sale of their securities. This is known as a demand registration, and it allows investors to dictate the timing and terms of the offering. 4. Shelf Registration: This provision permits Object Soft Corp. to file a registration statement in advance that covers the resale of securities by the investors. It allows for easier and quicker sale of the securities through a streamlined process, eliminating the need for additional filings each time the investors wish to sell their shares. 5. Lock-Up Period: The agreement may specify a lock-up period during which the investors are restricted from selling their securities. This provision aims to prevent stock price manipulation or rapid declines immediately after the registration statement becomes effective. Types of Chicago Illinois Registration Rights Agreement for 6% Series G convertible preferred stocks may vary in terms of the specific rights granted to investors or the conditions under which those rights can be exercised. For example, there may be variations in the duration of lock-up periods, trigger thresholds for demand registration, or the inclusion of anti-dilution provisions to protect investors' interests in case of future stock issuance. In conclusion, a Chicago Illinois Registration Rights Agreement is a crucial legal document that outlines the rights and obligations of Object Soft Corp. and investors regarding the sale and purchase of 6% Series G convertible preferred stocks. It provides investors with certain privileges related to the registration of their securities, ensuring transparency and liquidity in the market.