Mississippi Sample Founder Stock Purchase Agreement between Machine Communications, Inc. and Peter D. Olson: This founder stock purchase agreement ("Agreement") is made between Machine Communications, Inc., a Delaware corporation ("Company"), and Peter D. Olson ("Founder"). This Agreement outlines the terms and conditions of the purchase of founder stock by the Founder from the Company. 1. Purchase of Founder Stock: — The Company agrees to sell and the Founder agrees to purchase [number of shares] shares of common stock of the Company (the "Founder Stock") at a purchase price of $[price] per share. — The Founder acknowledges and understands that the Founder Stock is subject to vesting requirements and further terms outlined in this Agreement. 2. Vesting: — The Founder Stock shall vest over a period of [vesting period], with [vesting schedule] on a monthly basis. — In the event of any termination of the Founder's employment or service with the Company, vesting shall apply as per the terms outlined in this Agreement. 3. Consideration and Payment: — The Founder shall provide payment for the Founder Stock in cash, by certified check or wire transfer, representing the full purchase price as specified above. — Upon receipt of payment, the Company shall deliver stock certificates to the Founder representing the purchased shares. 4. Rights and Restrictions: — The Founder shall have all rights, privileges, and benefits of a stockholder with respect to the Founder Stock, including the right to vote and receive dividends, subject to the terms of this Agreement. — The Founder agrees not to transfer, assign, pledge, or otherwise dispose of any Founder Stock until the vesting condition is met or unless otherwise agreed upon by the Company. 5. Rights of First Refusal: — The Company shall have the right of first refusal to purchase any or all of the Founder's invested shares at the price offered by a bona fide third-party purchaser. — The Founder shall give notice to the Company of any intended transfer of invested shares, allowing the Company a specified timeframe to exercise its right of first refusal. 6. Governing Law and Dispute Resolution: — This Agreement shall be governed by and construed in accordance with the laws of the State of Mississippi. — Any disputes arising out of or in connection with this Agreement shall be resolved through arbitration in accordance with the rules of the American Arbitration Association. Different types of Mississippi Sample Founder Stock Purchase Agreements between Machine Communications, Inc. and Peter D. Olson may include variations in the terms of vesting, purchase price, and rights of first refusal, depending on the specific agreement reached between the parties involved. However, the fundamental structure and content remain consistent across these agreements.
Mississippi Sample Founder Stock Purchase Agreement between MachOne Communications, Inc. and Peter D. Olson
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