Oakland Michigan 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: Oakland
• 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. Oakland, Michigan Registration Rights Agreement between Object Soft Corp. and Investors: Overview The Oakland, Michigan Registration Rights Agreement is a legally binding contract between Object Soft Corp. (the "Company") and its investors. Specifically, this agreement pertains to the sale and purchase of the Company's 6% Series G convertible preferred stocks. This document outlines the rights and obligations of both parties regarding the registration of these securities with the Securities and Exchange Commission (SEC) and aims to ensure transparency and protection for investors. Key Provisions and Terms 1. Grant of Registration Rights: Object Soft Corp., as the issuing company, agrees to provide the investors with specific registration rights for the underlying preferred stocks. These rights aim to enable investors to avail themselves of the benefits of a publicly registered market for the securities. 2. Demand Registration Rights: The agreement may include provisions for demand registration rights, allowing investors to request the registration of their preferred stocks for public sale, upon meeting certain criteria. The Company is legally obligated to fulfill these demands within a reasonable period of time. 3. Piggyback Registration Rights: In addition to demand registration rights, piggyback registration rights may be included. These rights grant investors the opportunity to include their preferred stocks in any registration statement filed by the Company for public offering, subject to the Company's discretion and the limitations of applicable securities laws. 4. Registration Expenses: The agreement specifies the allocation of registration expenses, including legal, accounting, and other related costs. The Company usually bears the responsibility for these expenses, although there may be certain limitations or caps on the reimbursable costs. 5. Indemnification: This provision highlights the Company's commitment to indemnify the investors and their respective officers, directors, and agents from any losses, damages, or liabilities arising from any misrepresentations or omissions made in the registration statement prepared by the Company. Types of Oakland, Michigan Registration Rights Agreements 1. Initial Registration Rights Agreement: This type of agreement is often executed at the time of the initial issuance of the 6% Series G convertible preferred stocks. It establishes the fundamental rights and obligations for registration of securities with the SEC. 2. Amended and Restated Registration Rights Agreement: When Object Soft Corp. and its investors decide to modify the terms and conditions of their existing registration rights agreement, an amended and restated agreement may be executed. This revised agreement supersedes any prior agreements and incorporates the updated terms. 3. Termination Agreement: In certain circumstances, Object Soft Corp. and its investors may mutually agree to terminate their registration rights agreement. This agreement outlines the terms and conditions of termination, including any remaining obligations to be fulfilled or any liabilities to be released between the parties. Conclusion The Oakland, Michigan Registration Rights Agreement is a crucial legal document that governs the registration of Object Soft Corp.'s 6% Series G convertible preferred stocks with the SEC. By ensuring the transparent and efficient sale of securities, this agreement protects the interests of both the Company and its investors. Different types of registration rights agreements exist to accommodate various stages of the investment process and facilitate any necessary modifications or terminations.

Oakland, Michigan Registration Rights Agreement between Object Soft Corp. and Investors: Overview The Oakland, Michigan Registration Rights Agreement is a legally binding contract between Object Soft Corp. (the "Company") and its investors. Specifically, this agreement pertains to the sale and purchase of the Company's 6% Series G convertible preferred stocks. This document outlines the rights and obligations of both parties regarding the registration of these securities with the Securities and Exchange Commission (SEC) and aims to ensure transparency and protection for investors. Key Provisions and Terms 1. Grant of Registration Rights: Object Soft Corp., as the issuing company, agrees to provide the investors with specific registration rights for the underlying preferred stocks. These rights aim to enable investors to avail themselves of the benefits of a publicly registered market for the securities. 2. Demand Registration Rights: The agreement may include provisions for demand registration rights, allowing investors to request the registration of their preferred stocks for public sale, upon meeting certain criteria. The Company is legally obligated to fulfill these demands within a reasonable period of time. 3. Piggyback Registration Rights: In addition to demand registration rights, piggyback registration rights may be included. These rights grant investors the opportunity to include their preferred stocks in any registration statement filed by the Company for public offering, subject to the Company's discretion and the limitations of applicable securities laws. 4. Registration Expenses: The agreement specifies the allocation of registration expenses, including legal, accounting, and other related costs. The Company usually bears the responsibility for these expenses, although there may be certain limitations or caps on the reimbursable costs. 5. Indemnification: This provision highlights the Company's commitment to indemnify the investors and their respective officers, directors, and agents from any losses, damages, or liabilities arising from any misrepresentations or omissions made in the registration statement prepared by the Company. Types of Oakland, Michigan Registration Rights Agreements 1. Initial Registration Rights Agreement: This type of agreement is often executed at the time of the initial issuance of the 6% Series G convertible preferred stocks. It establishes the fundamental rights and obligations for registration of securities with the SEC. 2. Amended and Restated Registration Rights Agreement: When Object Soft Corp. and its investors decide to modify the terms and conditions of their existing registration rights agreement, an amended and restated agreement may be executed. This revised agreement supersedes any prior agreements and incorporates the updated terms. 3. Termination Agreement: In certain circumstances, Object Soft Corp. and its investors may mutually agree to terminate their registration rights agreement. This agreement outlines the terms and conditions of termination, including any remaining obligations to be fulfilled or any liabilities to be released between the parties. Conclusion The Oakland, Michigan Registration Rights Agreement is a crucial legal document that governs the registration of Object Soft Corp.'s 6% Series G convertible preferred stocks with the SEC. By ensuring the transparent and efficient sale of securities, this agreement protects the interests of both the Company and its investors. Different types of registration rights agreements exist to accommodate various stages of the investment process and facilitate any necessary modifications or terminations.