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.
Connecticut Sample Stock Purchase Agreement: This Sample Stock Purchase Agreement (the "Agreement") is entered into by and between Reassure America Life Insurance Co. ("Buyer") and Penn corp Financial Group, Inc. ("Seller") regarding the purchase of issued and outstanding shares of common stock. 1. Agreement Overview: This Agreement outlines the terms and conditions under which Buyer agrees to purchase a specified number of issued and outstanding shares of common stock from Seller. The Agreement covers areas such as purchase price, representations and warranties, closing conditions, and post-closing obligations. 2. Parties Involved: a. Buyer: Reassure America Life Insurance Co. b. Seller: Penn corp Financial Group, Inc. 3. Purchase Price: The Agreement specifies the purchase price at which Buyer will acquire the issued and outstanding shares of common stock from Seller. The purchase price may include cash, securities, or a combination of both, as agreed upon by the parties. 4. Representations and Warranties: Both Buyer and Seller provide various representations and warranties, ensuring that they have the authority to enter into this Agreement, the shares being sold are valid and legally owned, and there are no undisclosed liabilities or material misrepresentations. 5. Closing Conditions: The Agreement outlines the conditions that must be satisfied before the closing of the stock purchase, such as obtaining necessary regulatory approvals, completion of due diligence, and the absence of any material adverse changes. 6. Post-Closing Obligations: Upon closing, Buyer and Seller may have certain obligations, including cooperation in transitioning ownership, providing necessary documentation, and addressing any post-closing adjustments or disputes. Types of Connecticut Sample Stock Purchase Agreements: 1. Stock Purchase Agreement with Cash Consideration: This agreement type involves the purchase of issued and outstanding shares of common stock using solely cash as the consideration. 2. Stock Purchase Agreement with Securities Consideration: This agreement type involves the purchase of issued and outstanding shares of common stock using securities (such as stocks or bonds) as part or whole consideration. 3. Stock Purchase Agreement with Cash and Securities Consideration: This agreement type involves a combination of cash and securities as the consideration for purchasing the issued and outstanding shares of common stock. Each type of agreement may have specific provisions and considerations unique to the mode of consideration utilized. In conclusion, this Connecticut Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. provides a detailed framework for the purchase of issued and outstanding shares of common stock. The Agreement establishes the rights, obligations, and conditions governing the transaction, ensuring a transparent and legally sound transaction between the parties involved.
Connecticut Sample Stock Purchase Agreement: This Sample Stock Purchase Agreement (the "Agreement") is entered into by and between Reassure America Life Insurance Co. ("Buyer") and Penn corp Financial Group, Inc. ("Seller") regarding the purchase of issued and outstanding shares of common stock. 1. Agreement Overview: This Agreement outlines the terms and conditions under which Buyer agrees to purchase a specified number of issued and outstanding shares of common stock from Seller. The Agreement covers areas such as purchase price, representations and warranties, closing conditions, and post-closing obligations. 2. Parties Involved: a. Buyer: Reassure America Life Insurance Co. b. Seller: Penn corp Financial Group, Inc. 3. Purchase Price: The Agreement specifies the purchase price at which Buyer will acquire the issued and outstanding shares of common stock from Seller. The purchase price may include cash, securities, or a combination of both, as agreed upon by the parties. 4. Representations and Warranties: Both Buyer and Seller provide various representations and warranties, ensuring that they have the authority to enter into this Agreement, the shares being sold are valid and legally owned, and there are no undisclosed liabilities or material misrepresentations. 5. Closing Conditions: The Agreement outlines the conditions that must be satisfied before the closing of the stock purchase, such as obtaining necessary regulatory approvals, completion of due diligence, and the absence of any material adverse changes. 6. Post-Closing Obligations: Upon closing, Buyer and Seller may have certain obligations, including cooperation in transitioning ownership, providing necessary documentation, and addressing any post-closing adjustments or disputes. Types of Connecticut Sample Stock Purchase Agreements: 1. Stock Purchase Agreement with Cash Consideration: This agreement type involves the purchase of issued and outstanding shares of common stock using solely cash as the consideration. 2. Stock Purchase Agreement with Securities Consideration: This agreement type involves the purchase of issued and outstanding shares of common stock using securities (such as stocks or bonds) as part or whole consideration. 3. Stock Purchase Agreement with Cash and Securities Consideration: This agreement type involves a combination of cash and securities as the consideration for purchasing the issued and outstanding shares of common stock. Each type of agreement may have specific provisions and considerations unique to the mode of consideration utilized. In conclusion, this Connecticut Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. provides a detailed framework for the purchase of issued and outstanding shares of common stock. The Agreement establishes the rights, obligations, and conditions governing the transaction, ensuring a transparent and legally sound transaction between the parties involved.