Arkansas Sample Purchase and Sale Agreement Purchase and Sale of stock between GEC Acquisition Corp., Exigent International, Inc., GEC North America Corp.

• Category: Corporations - Public - Purchase
• State: Multi-State
• Control #: US-EG-9221
• Format: Word; Rich Text

Description

Agreement for Purchase and Sale of stock between GEC Acquisition Corporation, Exigent International, Inc., GEC North America Corporation, Roger A. Gilmartin, Jacqueline R. Gilmartin, Deborah M. Bowen and Mark W. Brydges regarding the acquisition Arkansas Sample Purchase and Sale Agreement for the Purchase and Sale of Stock between GET Acquisition Corp., Exigent International, Inc., GET North America Corp. Introduction: This Purchase and Sale Agreement (PSA) outlines the terms and conditions for the purchase and sale of stock between GET Acquisition Corp., Exigent International, Inc., and GET North America Corp. This agreement is specific to transactions conducted within the state of Arkansas and aims to ensure a transparent and legally binding transfer of stock ownership. The following sections detail the key components, obligations, and provisions of this agreement. 1. Parties Involved: This agreement is entered into between the following parties: a. GET Acquisition Corp. (hereafter referred to as "Buyer") b. Exigent International, Inc. (hereafter referred to as "Seller") c. GET North America Corp. (hereafter referred to as "Company") 2. Purchase and Sale: The Buyer agrees to purchase, and the Seller agrees to sell, a specified number of shares of stock of the Company according to the terms outlined in this agreement. The parties must identify the stock being transferred, including the share classes and any related rights or limitations. 3. Purchase Price: The purchase price for the stock will be determined through negotiations between the Buyer and the Seller. This price may depend on various factors such as market value, future prospects, and other relevant considerations. 4. Representations and Warranties: Both the Seller and the Buyer will provide representations and warranties regarding their respective legal capacity, authority, and ownership of the stock being transferred. The agreement may also include representations related to the Company's financials, assets, liabilities, and legal compliance. 5. Covenants and Conditions: The agreement will outline specific covenants and conditions that must be fulfilled before the completion of the stock transfer. These may include obtaining necessary approvals, consents, or permits from regulatory bodies and ensuring compliance with relevant laws and regulations. 6. Closing: The closing of the stock purchase will occur on a specified date and location. This includes the delivery of stock certificates (or electronic shares) from the Seller to the Buyer, as well as the payment of the purchase price. The agreement should outline the obligations and responsibilities of both parties during the closing process. 7. Indemnification: Provisions for indemnification protect both parties in case of any financial losses, damages, or liabilities arising from breaches of representations, warranties, or other obligations outlined in the agreement. Clear guidelines regarding indemnification rights, limitations, and dispute resolutions should be established. 8. Governing Law and Jurisdiction: Arkansas law shall govern the interpretation, validity, and enforcement of this agreement. Any disputes arising from this agreement shall be subject to the exclusive jurisdiction of the courts in Arkansas. Additional Types of Arkansas Sample Purchase and Sale Agreements for Stock: a. Template for Purchase and Sale Agreement — Merger or Acquisition: This agreement is specific to stock transactions involving the merger or acquisition of companies within Arkansas. b. Sample Purchase and Sale Agreement — Restricted Stock: This agreement focuses on the sale and purchase of restricted stock, addressing specific limitations and conditions regarding the transfer and subsequent ownership of such stock. c. Arkansas Sample Purchase and Sale Agreement — Initial Public Offering (IPO): This agreement caters to purchase and sale transactions relating to stock issued during an IPO, considering the unique requirements and regulations associated with the public offering process. Note: It is essential to consult with legal professionals in Arkansas to ensure compliance with state laws and specific circumstances when drafting and executing any purchase and sale agreements.

Arkansas Sample Purchase and Sale Agreement for the Purchase and Sale of Stock between GET Acquisition Corp., Exigent International, Inc., GET North America Corp. Introduction: This Purchase and Sale Agreement (PSA) outlines the terms and conditions for the purchase and sale of stock between GET Acquisition Corp., Exigent International, Inc., and GET North America Corp. This agreement is specific to transactions conducted within the state of Arkansas and aims to ensure a transparent and legally binding transfer of stock ownership. The following sections detail the key components, obligations, and provisions of this agreement. 1. Parties Involved: This agreement is entered into between the following parties: a. GET Acquisition Corp. (hereafter referred to as "Buyer") b. Exigent International, Inc. (hereafter referred to as "Seller") c. GET North America Corp. (hereafter referred to as "Company") 2. Purchase and Sale: The Buyer agrees to purchase, and the Seller agrees to sell, a specified number of shares of stock of the Company according to the terms outlined in this agreement. The parties must identify the stock being transferred, including the share classes and any related rights or limitations. 3. Purchase Price: The purchase price for the stock will be determined through negotiations between the Buyer and the Seller. This price may depend on various factors such as market value, future prospects, and other relevant considerations. 4. Representations and Warranties: Both the Seller and the Buyer will provide representations and warranties regarding their respective legal capacity, authority, and ownership of the stock being transferred. The agreement may also include representations related to the Company's financials, assets, liabilities, and legal compliance. 5. Covenants and Conditions: The agreement will outline specific covenants and conditions that must be fulfilled before the completion of the stock transfer. These may include obtaining necessary approvals, consents, or permits from regulatory bodies and ensuring compliance with relevant laws and regulations. 6. Closing: The closing of the stock purchase will occur on a specified date and location. This includes the delivery of stock certificates (or electronic shares) from the Seller to the Buyer, as well as the payment of the purchase price. The agreement should outline the obligations and responsibilities of both parties during the closing process. 7. Indemnification: Provisions for indemnification protect both parties in case of any financial losses, damages, or liabilities arising from breaches of representations, warranties, or other obligations outlined in the agreement. Clear guidelines regarding indemnification rights, limitations, and dispute resolutions should be established. 8. Governing Law and Jurisdiction: Arkansas law shall govern the interpretation, validity, and enforcement of this agreement. Any disputes arising from this agreement shall be subject to the exclusive jurisdiction of the courts in Arkansas. Additional Types of Arkansas Sample Purchase and Sale Agreements for Stock: a. Template for Purchase and Sale Agreement — Merger or Acquisition: This agreement is specific to stock transactions involving the merger or acquisition of companies within Arkansas. b. Sample Purchase and Sale Agreement — Restricted Stock: This agreement focuses on the sale and purchase of restricted stock, addressing specific limitations and conditions regarding the transfer and subsequent ownership of such stock. c. Arkansas Sample Purchase and Sale Agreement — Initial Public Offering (IPO): This agreement caters to purchase and sale transactions relating to stock issued during an IPO, considering the unique requirements and regulations associated with the public offering process. Note: It is essential to consult with legal professionals in Arkansas to ensure compliance with state laws and specific circumstances when drafting and executing any purchase and sale agreements.