Common Shares Purchase Agreement of Visible Genetics, Inc. regarding the sale and purchase of common shares dated December 14, 1999. 26 pages.
Title: Ohio Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors Introduction: The Ohio Sample Common Shares Purchase Agreement serves as a legally binding contract between Visible Genetics, Inc. (referred to as "the Company") and investors interested in acquiring common shares in the Company. This comprehensive agreement outlines the terms, conditions, and obligations related to the purchase of common shares. Keywords: Ohio, Sample Common Shares Purchase Agreement, Visible Genetics, Inc., investors, common shares 1. Parties Involved: The agreement encompasses Visible Genetics, Inc., a corporation duly organized and existing under the laws of the state of Ohio, acting as the issuing company. The investors (purchasers) are individuals or entities seeking to purchase common shares. Keywords: Visible Genetics, Inc., purchasing investors, parties involved 2. Purpose of the Agreement: The agreement outlines the terms under which the investors will purchase common shares from Visible Genetics, Inc. It establishes the rights, responsibilities, and obligations of both parties involved in the transaction. Keywords: purchase of common shares, terms, rights, obligations 3. Terms and Conditions: The Ohio Sample Common Shares Purchase Agreement encompasses various terms and conditions, covering multiple aspects of the agreement, including: a. Purchase Price: Specifies the fixed price required to purchase a specific number of common shares. b. Payment Terms: Outlines the modes of payment, installment plans, or any other pertinent payment details. c. Representations and Warranties: Describes the representations made by both the Company and investors regarding their legal capacity, authority, and financial standing. d. Closing Mechanism: Details the procedure, timeline, and conditions required for the successful completion of the common shares purchase. Keywords: terms and conditions, purchase price, payment terms, representations, warranties, closing mechanism 4. Governing Law and Jurisdiction: This section states that the agreement shall be governed by and construed in accordance with the laws of the state of Ohio. It also defines jurisdiction in case of any disputes arising from the agreement. Keywords: governing law, jurisdiction, Ohio Types of Ohio Sample Common Shares Purchase Agreement: 1. Early-Stage Funding Agreement: This agreement is specific to early-stage or seed funding rounds, where Visible Genetics, Inc. seeks investments in exchange for common shares. 2. Private Placement Agreement: This agreement pertains to private placements, involving a select group of investors who purchase common shares in Visible Genetics, Inc., typically at a non-public offering. 3. Secondary Market Agreement: A secondary market agreement focuses on the purchase and sale of common shares between existing Visible Genetics, Inc. shareholders, providing liquidity to investors who wish to exit their positions. Keywords: Early-stage funding agreement, private placement agreement, secondary market agreement Conclusion: The Ohio Sample Common Shares Purchase Agreement serves as a vital document that safeguards the interests of both Visible Genetics, Inc. and its investors during the purchase and allocation of common shares. This comprehensive agreement outlines the terms, conditions, and legal obligations, ensuring a transparent and fair transaction process. Keywords: safeguards, transparent transaction, fair process
Title: Ohio Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors Introduction: The Ohio Sample Common Shares Purchase Agreement serves as a legally binding contract between Visible Genetics, Inc. (referred to as "the Company") and investors interested in acquiring common shares in the Company. This comprehensive agreement outlines the terms, conditions, and obligations related to the purchase of common shares. Keywords: Ohio, Sample Common Shares Purchase Agreement, Visible Genetics, Inc., investors, common shares 1. Parties Involved: The agreement encompasses Visible Genetics, Inc., a corporation duly organized and existing under the laws of the state of Ohio, acting as the issuing company. The investors (purchasers) are individuals or entities seeking to purchase common shares. Keywords: Visible Genetics, Inc., purchasing investors, parties involved 2. Purpose of the Agreement: The agreement outlines the terms under which the investors will purchase common shares from Visible Genetics, Inc. It establishes the rights, responsibilities, and obligations of both parties involved in the transaction. Keywords: purchase of common shares, terms, rights, obligations 3. Terms and Conditions: The Ohio Sample Common Shares Purchase Agreement encompasses various terms and conditions, covering multiple aspects of the agreement, including: a. Purchase Price: Specifies the fixed price required to purchase a specific number of common shares. b. Payment Terms: Outlines the modes of payment, installment plans, or any other pertinent payment details. c. Representations and Warranties: Describes the representations made by both the Company and investors regarding their legal capacity, authority, and financial standing. d. Closing Mechanism: Details the procedure, timeline, and conditions required for the successful completion of the common shares purchase. Keywords: terms and conditions, purchase price, payment terms, representations, warranties, closing mechanism 4. Governing Law and Jurisdiction: This section states that the agreement shall be governed by and construed in accordance with the laws of the state of Ohio. It also defines jurisdiction in case of any disputes arising from the agreement. Keywords: governing law, jurisdiction, Ohio Types of Ohio Sample Common Shares Purchase Agreement: 1. Early-Stage Funding Agreement: This agreement is specific to early-stage or seed funding rounds, where Visible Genetics, Inc. seeks investments in exchange for common shares. 2. Private Placement Agreement: This agreement pertains to private placements, involving a select group of investors who purchase common shares in Visible Genetics, Inc., typically at a non-public offering. 3. Secondary Market Agreement: A secondary market agreement focuses on the purchase and sale of common shares between existing Visible Genetics, Inc. shareholders, providing liquidity to investors who wish to exit their positions. Keywords: Early-stage funding agreement, private placement agreement, secondary market agreement Conclusion: The Ohio Sample Common Shares Purchase Agreement serves as a vital document that safeguards the interests of both Visible Genetics, Inc. and its investors during the purchase and allocation of common shares. This comprehensive agreement outlines the terms, conditions, and legal obligations, ensuring a transparent and fair transaction process. Keywords: safeguards, transparent transaction, fair process