North Dakota Sample Purchase and Sale Agreement This North Dakota Sample Purchase and Sale Agreement outlines a legally binding agreement between GET Acquisition Corp., Exigent International, Inc., and GET North America Corp. for the purchase and sale of stock. Below, we provide a detailed description of what this agreement encompasses: 1. Parties Involved: a. Seller: Exigent International, Inc. b. Buyer: GET Acquisition Corp. c. Holding Company: GET North America Corp. 2. Stock Details: a. Type of Stock: Common Stock b. Number of Shares: [Specify the number of shares involved] 3. Purchase Price: a. Total Purchase Price: [Specify the total amount agreed upon] b. Payment Method: [Specify if the payment will be made in cash, through stocks, or a combination] c. Escrow Agreement: [Outline any specific terms regarding an escrow agreement, if applicable] 4. Representations and Warranties: a. Seller's Representations: [Specify the representations made by the seller regarding the stock] b. Buyer's Representations: [Specify the representations made by the buyer] 5. Conditions Precedent: a. Due Diligence: [Outline the due diligence process to be conducted by the buyer] b. Regulatory Approvals: [Specify any necessary regulatory approvals required] 6. Closing: a. Date of Closing: [Specify the agreed-upon date for the closing] b. Closing Documents: [List the documents required to be presented at closing] 7. Indemnification: a. Indemnification Obligations: [Outline the indemnification obligations of both parties] b. Time Limit for Claims: [Specify the time limit within which indemnification claims must be made] 8. Governing Law and Jurisdiction: a. Governing Law: North Dakota b. Jurisdiction: [Specify the agreed-upon jurisdiction for any disputes] Different Types of North Dakota Sample Purchase and Sale Agreements: 1. Asset Purchase Agreement: This agreement is used when a buyer acquires specific assets of a business instead of purchasing its stock. 2. Merger Agreement: This agreement is used when two or more companies merge to form a single entity. 3. Unit Purchase Agreement: This agreement is used when a purchaser intends to buy a specific number of units or shares in a company. 4. Cross-Purchase Agreement: This agreement is used between shareholders of a closely held corporation to buy each other's stock upon specific events like death or retirement. Please note that this is only an example description, and the actual agreement may vary based on the specific terms negotiated between the parties involved. It is recommended to consult with legal professionals to ensure the agreement's accuracy and compliance with North Dakota laws.
North Dakota Sample Purchase and Sale Agreement Purchase and Sale of stock between GEC Acquisition Corp., Exigent International, Inc., GEC North America Corp.
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