The Oklahoma Shareholder and Corporation Agreement is a legal document that outlines the terms and conditions under which a corporation incorporated in Oklahoma can issue additional stock to a third party in order to raise capital. This agreement is typically entered into by the corporation and its existing shareholders, who are also considered party to the agreement. The purpose of issuing additional stock is to provide the corporation with the necessary funds to finance its operations, expand its business, or undertake new projects. It is a common method employed by corporations to raise capital and attract new investors. The agreement will specify the details of the stock issuance, including the number of shares to be issued, the price at which they will be sold, and any potential restrictions or limitations on the transfer of those shares. It may also outline any rights or preferences that the newly issued shares will have over existing shares. In Oklahoma, there are several types of shareholder and corporation agreements that can be used to issue additional stock to a third party: 1. Subscription Agreement: This agreement is used when a third party subscribes to purchase the newly issued shares. It typically includes the terms of the subscription, such as the number of shares, price, payment schedule, and any other conditions. 2. Purchase Agreement: This agreement is used when the corporation sells the newly issued shares directly to a third party. It includes the terms of the purchase, such as the number of shares, price, payment terms, and representations and warranties of the corporation. 3. Shareholder Rights Agreement: This agreement is used to establish the rights and obligations of the existing shareholders and the third party acquiring the new shares. It may include provisions regarding voting rights, dividend rights, information rights, and other shareholder rights. 4. Stock Option Agreement: This agreement is used when the corporation grants stock options to a third party, allowing them the right to purchase a certain number of shares at a predetermined price within a specified period. It typically includes the terms of the option grant, exercise price, vesting schedule, and expiration date. These various types of agreements allow corporations in Oklahoma to issue additional stock to third parties in a structured and legally compliant manner, ensuring that the interests of both the corporation and its shareholders are protected.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.