Oklahoma Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penncorp Financial Group, Inc. regarding issued and outstanding shares common stock

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• Control #: US-EG-9222
• Format: Word; Rich Text

Description

Stock Purchase Agreement between Reassur America Life Insurance Company and Penncorp Financial Group, Inc. regarding issued and outstanding shares of common stock dated January 7, 2000. 64 pages. Title: Oklahoma Sample Stock Purchase Agreement — Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Introduction: In Oklahoma, a Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions of a stock purchase transaction between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. This agreement pertains specifically to the acquisition of issued and outstanding shares of common stock. Let's delve into the details of this agreement and explore any potential variations. Key Terms: 1. Parties: The agreement involves Reassure America Life Insurance Co. (the "Buyer") and Penn corp Financial Group, Inc. (the "Seller"). 2. Shareholders: The agreement encompasses the issued and outstanding shares of common stock held by Penn corp Financial Group, Inc. 3. Purchase Price: The Buyer agrees to pay the agreed-upon purchase price for the stock as stipulated in the agreement. 4. Representations and Warranties: Both parties guarantee the accuracy of provided information and assure that all necessary corporate approvals have been obtained for the agreement. 5. Closing: The agreement specifies the conditions and obligations to be fulfilled by both parties at the closing of the transaction. Types of Stock Purchase Agreements: The Oklahoma Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. may have various types depending on the specific context of the agreement. Some possible variations may include: 1. Stock Purchase Agreement with Cash Consideration: This type of agreement involves the Buyer paying the purchase price entirely in cash to acquire the outstanding shares of common stock. 2. Stock Purchase Agreement with Stock Consideration: In this scenario, instead of cash, the Buyer offers shares of their own stock as consideration for the acquisition. 3. Stock Purchase Agreement with Earn out Provision: This type of agreement includes an additional provision where a portion of the purchase price is contingent upon achieving certain future performance milestones or targets. 4. Stock Purchase Agreement with Escrow: Here, a portion of the purchase price is placed in an escrow account to be used to cover any claims or indemnification against the Seller after the closing. Conclusion: The Oklahoma Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a comprehensive document governing the acquisition of issued and outstanding shares of common stock. This agreement outlines crucial terms, conditions, and obligations required for a successful stock purchase transaction. Various types of stock purchase agreements may exist, depending on specific circumstances, such as cash or stock consideration, the inclusion of earn out provisions, or the use of an escrow account.

Title: Oklahoma Sample Stock Purchase Agreement — Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Introduction: In Oklahoma, a Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions of a stock purchase transaction between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. This agreement pertains specifically to the acquisition of issued and outstanding shares of common stock. Let's delve into the details of this agreement and explore any potential variations. Key Terms: 1. Parties: The agreement involves Reassure America Life Insurance Co. (the "Buyer") and Penn corp Financial Group, Inc. (the "Seller"). 2. Shareholders: The agreement encompasses the issued and outstanding shares of common stock held by Penn corp Financial Group, Inc. 3. Purchase Price: The Buyer agrees to pay the agreed-upon purchase price for the stock as stipulated in the agreement. 4. Representations and Warranties: Both parties guarantee the accuracy of provided information and assure that all necessary corporate approvals have been obtained for the agreement. 5. Closing: The agreement specifies the conditions and obligations to be fulfilled by both parties at the closing of the transaction. Types of Stock Purchase Agreements: The Oklahoma Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. may have various types depending on the specific context of the agreement. Some possible variations may include: 1. Stock Purchase Agreement with Cash Consideration: This type of agreement involves the Buyer paying the purchase price entirely in cash to acquire the outstanding shares of common stock. 2. Stock Purchase Agreement with Stock Consideration: In this scenario, instead of cash, the Buyer offers shares of their own stock as consideration for the acquisition. 3. Stock Purchase Agreement with Earn out Provision: This type of agreement includes an additional provision where a portion of the purchase price is contingent upon achieving certain future performance milestones or targets. 4. Stock Purchase Agreement with Escrow: Here, a portion of the purchase price is placed in an escrow account to be used to cover any claims or indemnification against the Seller after the closing. Conclusion: The Oklahoma Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a comprehensive document governing the acquisition of issued and outstanding shares of common stock. This agreement outlines crucial terms, conditions, and obligations required for a successful stock purchase transaction. Various types of stock purchase agreements may exist, depending on specific circumstances, such as cash or stock consideration, the inclusion of earn out provisions, or the use of an escrow account.