Georgia Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. This Georgia Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions for the purchase of stock between Grey stone Funding Corporation, referred to as the "Buyer," and Schick Technologies, Inc., referred to as the "Seller." This agreement is specific to the state of Georgia and sets forth the obligations and rights of both parties regarding the stock purchase transaction. Key Terms and Conditions: 1. Purchase Price: The agreement specifies the total purchase price of the stock and the method of payment. It includes provisions for payment in cash, promissory notes, or a combination of both. The terms of payment and any potential adjustments are detailed in this section. 2. Closing Date: The agreement designates a specific closing date, which is the date at which the stock purchase transaction will be completed. The date is agreed upon by both parties and usually allows sufficient time for due diligence and other necessary procedures. 3. Representation and Warranties: Both parties provide representations and warranties to ensure the accuracy and completeness of the information provided. These include affirmations about the authority to enter into the agreement, ownership of the stock, absence of legal claims, financial statements, tax compliance, and more. 4. Covenants: The agreement includes various covenants that outline the actions and responsibilities of both parties leading up to and after the closing date. This can include requirements for maintaining the business operations, keeping financial records, obtaining necessary approvals, and more. 5. Indemnification: The agreement specifies the indemnification rights and obligations of both parties. It outlines the circumstances under which one party would be required to compensate the other for any losses, expenses, or damages arising from breaches of warranties, representations, or other specified matters. 6. Closing Conditions: This section lists the conditions that must be satisfied or waived before the closing can occur. These conditions may include obtaining necessary approvals, legal opinions, consents from third parties, and any other requirements agreed upon by both parties. 7. Governing Law and Jurisdiction: The agreement includes provisions specifying that it is governed by the laws of the state of Georgia. It also outlines the jurisdiction, venue, and dispute resolution procedures in the event of any disagreements or legal actions. Different Types of Georgia Sample Stock Purchase Agreements between Grey stone Funding Corporation and Schick Technologies, Inc.: 1. Simple Stock Purchase Agreement: This type of agreement may be used when the stock purchase transaction is relatively straightforward, with minimal complexities or additional provisions. 2. Stock Purchase Agreement with Earn out: In some cases, the agreement may include a Darn out provision, which allows for additional payment to the Seller based on the future performance of the acquired company. This arrangement is common when the future success of the acquired company heavily influences the stock's overall value. 3. Stock Purchase Agreement with Escrow: When there are uncertainties or potential risks related to the stock purchase, an escrow arrangement may be included. This involves setting aside a portion of the purchase price in a neutral account until certain conditions or contingencies are met or resolved. 4. Specific Asset or Division Purchase Agreement: In certain situations, the stock purchase may be limited to a specific asset or division of the business, rather than the entire company. This type of agreement specifies the scope of the transaction and the assets or division being acquired. Note: It is essential to consult with legal professionals and adapt the agreement to reflect the specific circumstances and requirements of the stock purchase transaction between Grey stone Funding Corporation and Schick Technologies, Inc.
Georgia Sample Stock Purchase Agreement between Greystone Funding Corporation and Schick Technologies, Inc.
State:
Multi-State
Control #:
US-EG-9228
Format:
Word;
Rich Text
Instant download
Description
Stock Purchase Agreement between Greystone Funding Corporation and Schick Technologies, Inc. regarding the purchase of outstanding capital stock dated December 27, 1999. 7 pages.
Georgia Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. This Georgia Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions for the purchase of stock between Grey stone Funding Corporation, referred to as the "Buyer," and Schick Technologies, Inc., referred to as the "Seller." This agreement is specific to the state of Georgia and sets forth the obligations and rights of both parties regarding the stock purchase transaction. Key Terms and Conditions: 1. Purchase Price: The agreement specifies the total purchase price of the stock and the method of payment. It includes provisions for payment in cash, promissory notes, or a combination of both. The terms of payment and any potential adjustments are detailed in this section. 2. Closing Date: The agreement designates a specific closing date, which is the date at which the stock purchase transaction will be completed. The date is agreed upon by both parties and usually allows sufficient time for due diligence and other necessary procedures. 3. Representation and Warranties: Both parties provide representations and warranties to ensure the accuracy and completeness of the information provided. These include affirmations about the authority to enter into the agreement, ownership of the stock, absence of legal claims, financial statements, tax compliance, and more. 4. Covenants: The agreement includes various covenants that outline the actions and responsibilities of both parties leading up to and after the closing date. This can include requirements for maintaining the business operations, keeping financial records, obtaining necessary approvals, and more. 5. Indemnification: The agreement specifies the indemnification rights and obligations of both parties. It outlines the circumstances under which one party would be required to compensate the other for any losses, expenses, or damages arising from breaches of warranties, representations, or other specified matters. 6. Closing Conditions: This section lists the conditions that must be satisfied or waived before the closing can occur. These conditions may include obtaining necessary approvals, legal opinions, consents from third parties, and any other requirements agreed upon by both parties. 7. Governing Law and Jurisdiction: The agreement includes provisions specifying that it is governed by the laws of the state of Georgia. It also outlines the jurisdiction, venue, and dispute resolution procedures in the event of any disagreements or legal actions. Different Types of Georgia Sample Stock Purchase Agreements between Grey stone Funding Corporation and Schick Technologies, Inc.: 1. Simple Stock Purchase Agreement: This type of agreement may be used when the stock purchase transaction is relatively straightforward, with minimal complexities or additional provisions. 2. Stock Purchase Agreement with Earn out: In some cases, the agreement may include a Darn out provision, which allows for additional payment to the Seller based on the future performance of the acquired company. This arrangement is common when the future success of the acquired company heavily influences the stock's overall value. 3. Stock Purchase Agreement with Escrow: When there are uncertainties or potential risks related to the stock purchase, an escrow arrangement may be included. This involves setting aside a portion of the purchase price in a neutral account until certain conditions or contingencies are met or resolved. 4. Specific Asset or Division Purchase Agreement: In certain situations, the stock purchase may be limited to a specific asset or division of the business, rather than the entire company. This type of agreement specifies the scope of the transaction and the assets or division being acquired. Note: It is essential to consult with legal professionals and adapt the agreement to reflect the specific circumstances and requirements of the stock purchase transaction between Grey stone Funding Corporation and Schick Technologies, Inc.
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