Oklahoma Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. This sample stock purchase agreement has been drafted between Grey stone Funding Corporation (hereinafter referred to as "Buyer") and Schick Technologies, Inc. (hereinafter referred to as "Seller"). By entering into this agreement, both parties intend to establish the terms and conditions of the stock purchase transaction, defining the rights, obligations, and responsibilities of each party. This agreement is to be executed in the state of Oklahoma, adhering to the applicable laws and regulations of the said jurisdiction. 1. Purchase and Sale of Stock: Under this agreement, Seller agrees to sell and Buyer agrees to purchase a specific number of shares of Schick Technologies, Inc. common stock. The type, quantity, and details of the stock being purchased shall be defined in a separate document, referred to as the Exhibit A. 2. Purchase Price: The parties agree on the purchase price, which shall be paid in cash or as otherwise mutually agreed upon. The purchase price and the method of payment shall be specified in the Exhibit A, attached hereto and incorporated by reference. 3. Representations and Warranties: The Seller represents and warrants that they hold good and marketable title to the stock being sold, which is not encumbered by any liens or claims. The Seller further represents that there are no restrictions or legal impediments that would prevent the transfer of the stock to the Buyer. 4. Closing and Delivery of Stock: The closing of this purchase transaction shall take place at a mutually agreed date and time. At the closing, Seller shall deliver the stock certificates or other evidence of ownership to Buyer, and Buyer shall make the agreed-upon payment as per the terms of this agreement. 5. Governing Law and Jurisdiction: This agreement shall be governed by and construed in accordance with the laws of the state of Oklahoma. Any disputes arising under or in connection with this agreement shall be subject to the exclusive jurisdiction of the state and federal courts located in the state of Oklahoma, to the extent permitted by applicable law. Additional types of Oklahoma Sample Stock Purchase Agreements between Grey stone Funding Corporation and Schick Technologies, Inc.: 1. Option Agreement: This agreement grants Buyer the option to purchase a predetermined number of shares of Schick Technologies, Inc. stock within a specified timeframe. The terms and conditions for exercising the option, purchase price, and any other relevant details are outlined in this agreement. 2. Share Transfer Agreement: This agreement facilitates the transfer of shares from Seller to Buyer, where Seller may be an individual shareholder or a group of shareholders. The parties agree on the terms, conditions, and consideration for the transfer of the shares, ensuring compliance with applicable laws and regulations.
Oklahoma Sample Stock Purchase Agreement between Greystone Funding Corporation and Schick Technologies, Inc.
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FAQ
Stock purchase agreements (SPAs) are legally binding contracts between shareholders and companies. Also known as share purchase agreements, these contracts establish all of the terms and conditions related to the sale of a company's stocks.
Common due diligence issues unique to stock purchases include the seller's title to the target company's stock, terms of key contracts, identifying the target company's liabilities, and the nature and condition of the target company's assets.
This means that the Seller is entitled to the cash on the balance sheet on the closing date of the transaction, and that the Seller is responsible for debts owed by the company (defined as Indebtedness).
A stock sale agreement, also called a share purchase agreement, is used to transfer the ownership of stock in a company from a seller to a buyer. Stock are units of ownership in a company that are divided among stockholders.
The Shareholder's Agreement is generally used to resolve disputes between the corporation and the Shareholder. The Share Purchase Agreement, on the other hand, is a document that justifies the exchange of shares held by the Buyer and Seller.
A stock purchase agreement typically includes the following information: Your business name. The name and mailing address of the entity buying shares in your company's stocks. The par value (essentially the sale price) of the stocks being sold. The number of stocks the buyer is purchasing.