Oklahoma Sample Purchase and Sale Agreement Purchase and Sale of stock between GEC Acquisition Corp., Exigent International, Inc., GEC North America Corp.

• Category: Corporations - Public - Purchase
• State: Multi-State
• Control #: US-EG-9221
• Format: Word; Rich Text

Description

Agreement for Purchase and Sale of stock between GEC Acquisition Corporation, Exigent International, Inc., GEC North America Corporation, Roger A. Gilmartin, Jacqueline R. Gilmartin, Deborah M. Bowen and Mark W. Brydges regarding the acquisition Title: Oklahoma Sample Purchase and Sale Agreement for Stock: GET Acquisition Corp., Exigent International, Inc., GET North America Corp. Introduction: The Oklahoma Sample Purchase and Sale Agreement facilitates the purchase and sale of stock between GET Acquisition Corp., Exigent International, Inc., and GET North America Corp. This legally binding agreement establishes the terms and conditions governing the transaction, ensuring a smooth and transparent transfer of stock ownership. This article provides a detailed description of the agreement, highlighting its key clauses and relevant keywords associated with the purchase and sale of stock. Section 1: Parties Involved The agreement involves the following parties: 1. GET Acquisition Corp. (Seller): A corporation selling its stock to the Buyer. 2. Exigent International, Inc. (Buyer): A corporation purchasing the stock from the Seller. 3. GET North America Corp.: A corporation listed as an interested party or affiliate, but not directly influencing the transaction. Section 2: Definitions Key terms and definitions relevant to the agreement's interpretation are typically included in this section. These may include: — Stock: Refers to the shares, equity, or ownership rights being sold by the Seller to the Buyer. — Consideration: The monetary value or other assets offered by the Buyer in exchange for the stock. — Closing Date: The mutually agreed-upon date when the stock purchase transaction will be finalized. Section 3: Stock Purchase and Sale This section provides the main framework for the transaction, covering crucial points such as: — Quantity of Stock: Specifies the number or percentage of shares being purchased by the Buyer. — Stock Certificates: Outlines the delivery and transfer of physical or electronic stock certificates to the Buyer. — Purchase Price: Describes the financial terms, including the total purchase price, payment method, and any installment options or escrow arrangements. — Representations and Warranties: Declares the Seller's statements regarding the stock's legality, ownership, and absence of any undisclosed liabilities. Section 4: Closing Conditions These conditions must be met for the transaction's successful completion and may involve: — Regulatory Approvals: Ensuring compliance with applicable laws, regulations, and obtaining necessary consents. — Third-Party Consents: Obtaining approval from any third party (e.g., existing shareholders or board of directors) if required. — Due Diligence: Allowing the Buyer sufficient time to verify financial statements, contracts, and any relevant information related to the stock being sold. Section 5: Indemnification and Remedies This section addresses the parties' rights and obligations in case of breach or misrepresentation, including remedies and indemnification provisions. Section 6: Governing Law and Dispute Resolution Outlines the governing law of the agreement and the method to resolve disputes (e.g., arbitration, mediation, or litigation). Types of Oklahoma Sample Purchase and Sale Agreements: 1. Oklahoma Sample Purchase and Sale Agreement for Common Stock: This type of agreement is specifically used for the purchase and sale of common stock, representing ownership in a corporation without any preferential rights or restrictions. 2. Oklahoma Sample Purchase and Sale Agreement for Preferred Stock: This agreement pertains to the purchase and sale of preferred stock, which grants certain preferential rights to shareholders (e.g., dividend priority) but may also impose restrictions on voting rights. Conclusion: The Oklahoma Sample Purchase and Sale Agreement offers a comprehensive legal framework for executing the purchase and sale of stock between GET Acquisition Corp., Exigent International, Inc., and GET North America Corp. By clearly defining the terms and conditions, this agreement ensures a fair and efficient transaction while protecting the rights and interests of both the Seller and the Buyer.

Title: Oklahoma Sample Purchase and Sale Agreement for Stock: GET Acquisition Corp., Exigent International, Inc., GET North America Corp. Introduction: The Oklahoma Sample Purchase and Sale Agreement facilitates the purchase and sale of stock between GET Acquisition Corp., Exigent International, Inc., and GET North America Corp. This legally binding agreement establishes the terms and conditions governing the transaction, ensuring a smooth and transparent transfer of stock ownership. This article provides a detailed description of the agreement, highlighting its key clauses and relevant keywords associated with the purchase and sale of stock. Section 1: Parties Involved The agreement involves the following parties: 1. GET Acquisition Corp. (Seller): A corporation selling its stock to the Buyer. 2. Exigent International, Inc. (Buyer): A corporation purchasing the stock from the Seller. 3. GET North America Corp.: A corporation listed as an interested party or affiliate, but not directly influencing the transaction. Section 2: Definitions Key terms and definitions relevant to the agreement's interpretation are typically included in this section. These may include: — Stock: Refers to the shares, equity, or ownership rights being sold by the Seller to the Buyer. — Consideration: The monetary value or other assets offered by the Buyer in exchange for the stock. — Closing Date: The mutually agreed-upon date when the stock purchase transaction will be finalized. Section 3: Stock Purchase and Sale This section provides the main framework for the transaction, covering crucial points such as: — Quantity of Stock: Specifies the number or percentage of shares being purchased by the Buyer. — Stock Certificates: Outlines the delivery and transfer of physical or electronic stock certificates to the Buyer. — Purchase Price: Describes the financial terms, including the total purchase price, payment method, and any installment options or escrow arrangements. — Representations and Warranties: Declares the Seller's statements regarding the stock's legality, ownership, and absence of any undisclosed liabilities. Section 4: Closing Conditions These conditions must be met for the transaction's successful completion and may involve: — Regulatory Approvals: Ensuring compliance with applicable laws, regulations, and obtaining necessary consents. — Third-Party Consents: Obtaining approval from any third party (e.g., existing shareholders or board of directors) if required. — Due Diligence: Allowing the Buyer sufficient time to verify financial statements, contracts, and any relevant information related to the stock being sold. Section 5: Indemnification and Remedies This section addresses the parties' rights and obligations in case of breach or misrepresentation, including remedies and indemnification provisions. Section 6: Governing Law and Dispute Resolution Outlines the governing law of the agreement and the method to resolve disputes (e.g., arbitration, mediation, or litigation). Types of Oklahoma Sample Purchase and Sale Agreements: 1. Oklahoma Sample Purchase and Sale Agreement for Common Stock: This type of agreement is specifically used for the purchase and sale of common stock, representing ownership in a corporation without any preferential rights or restrictions. 2. Oklahoma Sample Purchase and Sale Agreement for Preferred Stock: This agreement pertains to the purchase and sale of preferred stock, which grants certain preferential rights to shareholders (e.g., dividend priority) but may also impose restrictions on voting rights. Conclusion: The Oklahoma Sample Purchase and Sale Agreement offers a comprehensive legal framework for executing the purchase and sale of stock between GET Acquisition Corp., Exigent International, Inc., and GET North America Corp. By clearly defining the terms and conditions, this agreement ensures a fair and efficient transaction while protecting the rights and interests of both the Seller and the Buyer.