Oklahoma Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9208
• Format: Word; Rich Text

Description

Common Shares Purchase Agreement of Visible Genetics, Inc. regarding the sale and purchase of common shares dated December 14, 1999. 26 pages. Title: Oklahoma Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors Introduction: In the state of Oklahoma, Visible Genetics, Inc. offers a Sample Common Shares Purchase Agreement to prospective investors. This legally binding contract outlines the terms and conditions under which shares of common stock will be purchased by investors from the company. By signing this agreement, both parties ensure their rights and obligations are protected, fostering a mutually beneficial relationship. Read on to understand the key aspects and types of Oklahoma Sample Common Shares Purchase Agreements available between Visible Genetics, Inc. and Investors. 1. Parties involved: The agreement is entered into between Visible Genetics, Inc. (the "Company"), a corporation registered in Oklahoma, and the investors ("Investors") seeking to purchase common shares of the Company's stock. 2. Purpose: The purpose of this agreement is to lay out the terms and conditions for the purchase and sale of common shares, defining the rights and obligations of the Company and Investors. 3. Share Purchase Terms: a) Number of Shares: The agreement specifies the number of common shares to be purchased by the Investor, as agreed upon between the parties. b) Purchase Price: The purchase price per share is determined and documented in the agreement. c) Payment Terms: Guidelines regarding the payment method, such as lump-sum or installment payments, are outlined in the agreement. d) Representations and Warranties: Both parties make representations and warranties about their authority, financial standing, and legal compliance. 4. Rights and Obligations: a) Investor Rights: Enumerates the rights of the Investor, including voting rights, information access, and preemptive rights, if applicable. b) Company Obligations: Defines the responsibilities of the Company, such as providing necessary information and notifications to Investors. 5. Conditions Precedent: Specifies any conditions that must be met before the purchase agreement comes into effect, for instance, securing necessary regulatory approvals or obtaining consents. 6. Termination and Remedies: Outlines circumstances under which the agreement may be terminated and the available legal remedies for breach of contract by either party. 7. Governing Law and Jurisdiction: Specifies that the agreement will be governed by the laws of the state of Oklahoma and identifies the jurisdiction for resolving any disputes that may arise. Types of Oklahoma Sample Common Shares Purchase Agreements: 1. Common Shares Purchase Agreement for Individual Investors: Pertains to individuals or private investors purchasing common shares from Visible Genetics, Inc. 2. Common Shares Purchase Agreement for Institutional Investors: Tailored specifically for institutional investors, such as investment firms or pension funds, acquiring common shares. 3. Common Shares Purchase Agreement with Additional Rights: Provides supplementary terms and conditions, such as additional voting rights or board representation, depending on the negotiation between the Company and the Investors. Conclusion: Visible Genetics, Inc. offers various types of Sample Common Shares Purchase Agreements in Oklahoma. These agreements clearly define the terms and conditions, protecting the interests of both Visible Genetics, Inc. and the Investors partaking in the purchase of common shares. It is crucial for all parties involved to carefully review and understand the terms laid out in the agreement before entering into a binding contract.

Title: Oklahoma Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors Introduction: In the state of Oklahoma, Visible Genetics, Inc. offers a Sample Common Shares Purchase Agreement to prospective investors. This legally binding contract outlines the terms and conditions under which shares of common stock will be purchased by investors from the company. By signing this agreement, both parties ensure their rights and obligations are protected, fostering a mutually beneficial relationship. Read on to understand the key aspects and types of Oklahoma Sample Common Shares Purchase Agreements available between Visible Genetics, Inc. and Investors. 1. Parties involved: The agreement is entered into between Visible Genetics, Inc. (the "Company"), a corporation registered in Oklahoma, and the investors ("Investors") seeking to purchase common shares of the Company's stock. 2. Purpose: The purpose of this agreement is to lay out the terms and conditions for the purchase and sale of common shares, defining the rights and obligations of the Company and Investors. 3. Share Purchase Terms: a) Number of Shares: The agreement specifies the number of common shares to be purchased by the Investor, as agreed upon between the parties. b) Purchase Price: The purchase price per share is determined and documented in the agreement. c) Payment Terms: Guidelines regarding the payment method, such as lump-sum or installment payments, are outlined in the agreement. d) Representations and Warranties: Both parties make representations and warranties about their authority, financial standing, and legal compliance. 4. Rights and Obligations: a) Investor Rights: Enumerates the rights of the Investor, including voting rights, information access, and preemptive rights, if applicable. b) Company Obligations: Defines the responsibilities of the Company, such as providing necessary information and notifications to Investors. 5. Conditions Precedent: Specifies any conditions that must be met before the purchase agreement comes into effect, for instance, securing necessary regulatory approvals or obtaining consents. 6. Termination and Remedies: Outlines circumstances under which the agreement may be terminated and the available legal remedies for breach of contract by either party. 7. Governing Law and Jurisdiction: Specifies that the agreement will be governed by the laws of the state of Oklahoma and identifies the jurisdiction for resolving any disputes that may arise. Types of Oklahoma Sample Common Shares Purchase Agreements: 1. Common Shares Purchase Agreement for Individual Investors: Pertains to individuals or private investors purchasing common shares from Visible Genetics, Inc. 2. Common Shares Purchase Agreement for Institutional Investors: Tailored specifically for institutional investors, such as investment firms or pension funds, acquiring common shares. 3. Common Shares Purchase Agreement with Additional Rights: Provides supplementary terms and conditions, such as additional voting rights or board representation, depending on the negotiation between the Company and the Investors. Conclusion: Visible Genetics, Inc. offers various types of Sample Common Shares Purchase Agreements in Oklahoma. These agreements clearly define the terms and conditions, protecting the interests of both Visible Genetics, Inc. and the Investors partaking in the purchase of common shares. It is crucial for all parties involved to carefully review and understand the terms laid out in the agreement before entering into a binding contract.