Illinois Sample Securities Purchase Agreement between IGEN International, Inc. and Purchasers

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9342
• Format: Word; Rich Text

Description

Securities Purchase Agreement between IGEN International, Inc. and various purchasers regarding the issuance and sale of 5% Subordinated Convertible Debentures and warrant to purchase shares of company's common stock dated January 11, 2000. 30 pages. Illinois Sample Securities Purchase Agreement between GEN International, Inc. and Purchasers: Introduction: This Illinois Sample Securities Purchase Agreement is entered into between GEN International, Inc. (the "Company") and various purchasers (the "Purchasers") to outline the terms and conditions of the purchase of securities issued by the Company. This agreement serves as a legally binding document governing the transactions between the Company and the Purchasers. Types of Illinois Sample Securities Purchase Agreements: 1. Convertible Preferred Stock Purchase Agreement: This type of agreement specifies the terms under which the Purchasers can purchase convertible preferred stock issued by the Company. 2. Common Stock Purchase Agreement: This agreement outlines the terms and conditions governing the purchase of common stock of the Company by the Purchasers. 3. Debenture Purchase Agreement: This specific type of agreement governs the purchase of debentures issued by the Company by the Purchasers, including terms related to interest rates, repayment, and maturity. Key Components of the Agreement: 1. Identification of Parties: The agreement starts with the identification of the parties involved, including the Company and Purchasers, along with their respective addresses and contact information. 2. Purchase and Sale of Securities: This section details the specifics of the securities being purchased, such as type, quantity, price, and any applicable conditions precedent. 3. Representations and Warranties: Both the Company and the Purchasers provide representations and warranties pertaining to their respective authority, ownership, compliance with laws, and financial information. 4. Covenants: This section outlines any obligations or promises made by either party before or after the completion of the purchase agreement, such as maintaining confidentiality or providing necessary information. 5. Conditions to Closing: The conditions that must be fulfilled before the closing of the transaction are specified here, including the approval of regulatory authorities or third-party consents. 6. Purchase Price and Payment Terms: The agreement outlines the total purchase price, payment terms, currencies, and any applicable adjustments or installment options. 7. Closing and Deliveries: The process and timeline for closing the transaction are detailed, including the necessary documents and instruments that need to be delivered by both parties. 8. Remedies and Indemnification: In case of breach or default, this section determines the remedies available to the non-defaulting party and the indemnification obligations of both parties. 9. Governing Law and Dispute Resolution: The agreement specifies that it is governed by the laws of the state of Illinois and outlines the mechanism for resolving any disputes through arbitration or litigation. Conclusion: This Illinois Sample Securities Purchase Agreement between GEN International, Inc. and Purchasers is a comprehensive legal document that regulates the purchase and sale of securities between the Company and prospective investors. It is important to note that this description provides an overview and is not a substitute for seeking professional legal advice when drafting or executing such agreements.

Illinois Sample Securities Purchase Agreement between GEN International, Inc. and Purchasers: Introduction: This Illinois Sample Securities Purchase Agreement is entered into between GEN International, Inc. (the "Company") and various purchasers (the "Purchasers") to outline the terms and conditions of the purchase of securities issued by the Company. This agreement serves as a legally binding document governing the transactions between the Company and the Purchasers. Types of Illinois Sample Securities Purchase Agreements: 1. Convertible Preferred Stock Purchase Agreement: This type of agreement specifies the terms under which the Purchasers can purchase convertible preferred stock issued by the Company. 2. Common Stock Purchase Agreement: This agreement outlines the terms and conditions governing the purchase of common stock of the Company by the Purchasers. 3. Debenture Purchase Agreement: This specific type of agreement governs the purchase of debentures issued by the Company by the Purchasers, including terms related to interest rates, repayment, and maturity. Key Components of the Agreement: 1. Identification of Parties: The agreement starts with the identification of the parties involved, including the Company and Purchasers, along with their respective addresses and contact information. 2. Purchase and Sale of Securities: This section details the specifics of the securities being purchased, such as type, quantity, price, and any applicable conditions precedent. 3. Representations and Warranties: Both the Company and the Purchasers provide representations and warranties pertaining to their respective authority, ownership, compliance with laws, and financial information. 4. Covenants: This section outlines any obligations or promises made by either party before or after the completion of the purchase agreement, such as maintaining confidentiality or providing necessary information. 5. Conditions to Closing: The conditions that must be fulfilled before the closing of the transaction are specified here, including the approval of regulatory authorities or third-party consents. 6. Purchase Price and Payment Terms: The agreement outlines the total purchase price, payment terms, currencies, and any applicable adjustments or installment options. 7. Closing and Deliveries: The process and timeline for closing the transaction are detailed, including the necessary documents and instruments that need to be delivered by both parties. 8. Remedies and Indemnification: In case of breach or default, this section determines the remedies available to the non-defaulting party and the indemnification obligations of both parties. 9. Governing Law and Dispute Resolution: The agreement specifies that it is governed by the laws of the state of Illinois and outlines the mechanism for resolving any disputes through arbitration or litigation. Conclusion: This Illinois Sample Securities Purchase Agreement between GEN International, Inc. and Purchasers is a comprehensive legal document that regulates the purchase and sale of securities between the Company and prospective investors. It is important to note that this description provides an overview and is not a substitute for seeking professional legal advice when drafting or executing such agreements.