Arkansas Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penncorp Financial Group, Inc. regarding issued and outstanding shares common stock

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• Control #: US-EG-9222
• Format: Word; Rich Text

Description

Stock Purchase Agreement between Reassur America Life Insurance Company and Penncorp Financial Group, Inc. regarding issued and outstanding shares of common stock dated January 7, 2000. 64 pages. Title: Arkansas Sample Stock Purchase Agreement: Issued and Outstanding Shares of Common Stock between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Introduction: In the state of Arkansas, a Sample Stock Purchase Agreement exists between Reassure America Life Insurance Co. (Seller) and Penn corp Financial Group, Inc. (Buyer). This agreement pertains to the acquisition of issued and outstanding shares of common stock, encompassing the following key terms and conditions. 1. Parties Involved: — Seller: Reassure America Life Insurance Co. Buyer Pennnn corprp Financial Group, Inc. 2. Purpose: The purpose of this Sample Stock Purchase Agreement is for the Buyer to acquire a specific number of issued and outstanding shares of common stock from the Seller. This transaction involves a mutually agreed purchasing price and other essential provisions. 3. Definition of Issued and Outstanding Shares of Common Stock: In this agreement, "issued and outstanding shares of common stock" refer to the existing shares of common stock that have been authorized and allocated by the Seller and are currently held by various shareholders or investors. 4. Purchase Price and Payment Terms: — The purchase price for the issued and outstanding shares of common stock will be determined through negotiations between the Buyer and the Seller. — The specific payment terms, such as the payment schedule, method, and currency, will be outlined in the agreement. 5. Representations and Warranties: Both the Seller and the Buyer are expected to provide representations and warranties that declare the accuracy and completeness of the information provided. Some important representations and warranties typically covered in a stock purchase agreement include: — Authorization and capacity to enter into the agreement — Validity and enforceability of the agreement — Accuracy of financial statements and disclosures — Absence of pending litigation affecting the shares 6. Conditions Precedent: Certain conditions must be fulfilled before the completion of the stock purchase agreement. These conditions may include: — Approval from relevant regulatory authorities — Completion of due diligencprocessse— - Written consent from third parties, if required 7. Indemnification Provisions: The stock purchase agreement should outline the indemnification obligations between the Seller and the Buyer. This includes the responsibility for any potential losses, damages, legal proceedings, or claims arising from the acquisition of the shares. Types of Arkansas Sample Stock Purchase Agreements: While not explicitly specified, variations of the Arkansas Sample Stock Purchase Agreement may exist, including but not limited to: 1. Agreement for the Acquisition of a Controlling Interest in Reassure America Life Insurance Co. by Penn corp Financial Group, Inc. 2. Agreement for the Acquisition of Minority Shares of Common Stock in Reassure America Life Insurance Co. by Penn corp Financial Group, Inc. 3. Agreement for the Acquisition of Preferred Shares of Common Stock in Reassure America Life Insurance Co. by Penn corp Financial Group, Inc. Conclusion: The Arkansas Sample Stock Purchase Agreement being discussed refers to a legally binding document between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. pertaining to the acquisition of issued and outstanding shares of common stock. This comprehensive agreement encompasses various aspects of the transaction, including purchase price, warranties, conditions precedent, and indemnification provisions. Different types of such agreements may exist, depending on the specific nature of the stock acquisition.

Title: Arkansas Sample Stock Purchase Agreement: Issued and Outstanding Shares of Common Stock between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Introduction: In the state of Arkansas, a Sample Stock Purchase Agreement exists between Reassure America Life Insurance Co. (Seller) and Penn corp Financial Group, Inc. (Buyer). This agreement pertains to the acquisition of issued and outstanding shares of common stock, encompassing the following key terms and conditions. 1. Parties Involved: — Seller: Reassure America Life Insurance Co. Buyer Pennnn corprp Financial Group, Inc. 2. Purpose: The purpose of this Sample Stock Purchase Agreement is for the Buyer to acquire a specific number of issued and outstanding shares of common stock from the Seller. This transaction involves a mutually agreed purchasing price and other essential provisions. 3. Definition of Issued and Outstanding Shares of Common Stock: In this agreement, "issued and outstanding shares of common stock" refer to the existing shares of common stock that have been authorized and allocated by the Seller and are currently held by various shareholders or investors. 4. Purchase Price and Payment Terms: — The purchase price for the issued and outstanding shares of common stock will be determined through negotiations between the Buyer and the Seller. — The specific payment terms, such as the payment schedule, method, and currency, will be outlined in the agreement. 5. Representations and Warranties: Both the Seller and the Buyer are expected to provide representations and warranties that declare the accuracy and completeness of the information provided. Some important representations and warranties typically covered in a stock purchase agreement include: — Authorization and capacity to enter into the agreement — Validity and enforceability of the agreement — Accuracy of financial statements and disclosures — Absence of pending litigation affecting the shares 6. Conditions Precedent: Certain conditions must be fulfilled before the completion of the stock purchase agreement. These conditions may include: — Approval from relevant regulatory authorities — Completion of due diligencprocessse— - Written consent from third parties, if required 7. Indemnification Provisions: The stock purchase agreement should outline the indemnification obligations between the Seller and the Buyer. This includes the responsibility for any potential losses, damages, legal proceedings, or claims arising from the acquisition of the shares. Types of Arkansas Sample Stock Purchase Agreements: While not explicitly specified, variations of the Arkansas Sample Stock Purchase Agreement may exist, including but not limited to: 1. Agreement for the Acquisition of a Controlling Interest in Reassure America Life Insurance Co. by Penn corp Financial Group, Inc. 2. Agreement for the Acquisition of Minority Shares of Common Stock in Reassure America Life Insurance Co. by Penn corp Financial Group, Inc. 3. Agreement for the Acquisition of Preferred Shares of Common Stock in Reassure America Life Insurance Co. by Penn corp Financial Group, Inc. Conclusion: The Arkansas Sample Stock Purchase Agreement being discussed refers to a legally binding document between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. pertaining to the acquisition of issued and outstanding shares of common stock. This comprehensive agreement encompasses various aspects of the transaction, including purchase price, warranties, conditions precedent, and indemnification provisions. Different types of such agreements may exist, depending on the specific nature of the stock acquisition.