Rhode Island Sample Purchase Agreement between Refer Corporation, Refer Northeast, Spy plane, LLC, and Equity holders This Rhode Island Sample Purchase Agreement outlines the terms and conditions of a purchase agreement between Refer Corporation, a leading technology company, and its subsidiary Refer Northeast, with Spy plane, LLC, and its equity holders. The agreement serves as a legal framework governing the acquisition of Spy plane, LLC and its assets by Refer Corporation and Refer Northeast. Key Terms and Conditions: 1. Purchase Price: The parties agree that the purchase price for the acquisition of Spy plane, LLC shall be determined through negotiation and will be subject to final approval by both parties. The consideration for the purchase shall be paid in cash or in the form of Refer Corporation's equity, as agreed upon by the parties. 2. Assets and Liabilities: Spy plane, LLC shall transfer all of its tangible and intangible assets to Refer Corporation and Refer Northeast. Refer Corporation and Refer Northeast shall assume all the liabilities and obligations of Spy plane, LLC as of the closing date. A comprehensive list of assets, liabilities, and their valuation shall be included as an exhibit to this agreement. 3. Closing and Effective Date: The closing of the purchase shall occur on a mutually agreed-upon date, referred to as the "Closing Date." The Effective Date of the agreement shall be the Closing Date, from which point forward the purchasers shall take control and ownership of Spy plane, LLC. 4. Representations and Warranties: Both parties shall provide representations and warranties ensuring the accuracy of information, ownership rights, compliance with laws and regulations, absence of litigation, and other pertinent matters. This section aims to protect the interests of all parties involved and establish the basis for the transaction. 5. Confidentiality: The parties shall maintain strict confidentiality regarding all information exchanged during the negotiation and execution of this agreement, except as required by law or authorized by the other party. 6. Governing Law and Jurisdiction: This purchase agreement shall be governed by and interpreted in accordance with the laws of the state of Rhode Island. Any disputes arising out of or relating to this agreement shall be subject to the exclusive jurisdiction of the state and federal courts of Rhode Island. Types of Rhode Island Sample Purchase Agreement: 1. Asset Purchase Agreement: This type of purchase agreement focuses on the transfer of specific assets from Spy plane, LLC to Refer Corporation and Refer Northeast. It typically includes the purchase price allocation among the assets and related terms. 2. Share Purchase Agreement: In this type of agreement, Refer Corporation and Refer Northeast directly acquire equity ownership in Spy plane, LLC by purchasing the existing shares from the equity holders. The agreement outlines the share transfer process, valuation, and other related terms. By utilizing this Rhode Island Sample Purchase Agreement, Refer Corporation, Refer Northeast, Spy plane, LLC, and the equity holders can establish a comprehensive framework for a successful acquisition while safeguarding their interests and complying with the relevant laws and regulations.