South Carolina 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. South Carolina Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. regarding issued and outstanding shares of common stock is a legally binding document outlining the terms and conditions of the acquisition of shares by Reassure America Life Insurance Co. from Penn corp Financial Group, Inc. Below are the key aspects that are typically covered in such agreements: 1. Parties involved: The agreement identifies Reassure America Life Insurance Co. as the buyer and Penn corp Financial Group, Inc. as the seller. Their respective addresses and contact details are also provided. 2. Share purchase details: The agreement specifies the number of issued and outstanding shares of common stock that Reassure America Life Insurance Co. intends to purchase from Penn corp Financial Group, Inc. 3. Purchase price: The agreement outlines the agreed-upon purchase price per share or total consideration for the shares being acquired. It may also mention the method and timeline of payment. 4. Representations and warranties: Both parties provide representations and warranties to ensure the accuracy of information and protect their interests. Reassure America Life Insurance Co. may seek assurances from Penn corp Financial Group, Inc. regarding the ownership, title, and valid issuance of the shares. 5. Closing conditions: The agreement specifies the conditions that need to be met before the transaction can be concluded. This may include regulatory approvals, third-party consents, and the absence of any material adverse changes in the financial or legal aspects of Penn corp Financial Group, Inc. 6. Indemnification: The agreement outlines the indemnification provisions, which determine the liability for any losses, damages, or legal claims arising from breaches of representations, warranties, or other obligations. 7. Confidentiality and non-disclosure: Both parties agree to maintain the confidentiality of any non-public information shared during the negotiation and execution of the agreement. 8. Governing law and jurisdiction: The agreement specifies that it is governed by the laws of the state of South Carolina and any disputes arising from it will be subject to the exclusive jurisdiction of the state or federal courts located in South Carolina. It's worth noting that there may be various specific versions or variations of the South Carolina Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. For example, there could be agreements related to different classes of common stock, preferred stock, or even a separate agreement for a stock option plan. Each type of agreement would have its own particular terms tailored to the specific circumstances and objectives of the parties involved.

South Carolina Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. regarding issued and outstanding shares of common stock is a legally binding document outlining the terms and conditions of the acquisition of shares by Reassure America Life Insurance Co. from Penn corp Financial Group, Inc. Below are the key aspects that are typically covered in such agreements: 1. Parties involved: The agreement identifies Reassure America Life Insurance Co. as the buyer and Penn corp Financial Group, Inc. as the seller. Their respective addresses and contact details are also provided. 2. Share purchase details: The agreement specifies the number of issued and outstanding shares of common stock that Reassure America Life Insurance Co. intends to purchase from Penn corp Financial Group, Inc. 3. Purchase price: The agreement outlines the agreed-upon purchase price per share or total consideration for the shares being acquired. It may also mention the method and timeline of payment. 4. Representations and warranties: Both parties provide representations and warranties to ensure the accuracy of information and protect their interests. Reassure America Life Insurance Co. may seek assurances from Penn corp Financial Group, Inc. regarding the ownership, title, and valid issuance of the shares. 5. Closing conditions: The agreement specifies the conditions that need to be met before the transaction can be concluded. This may include regulatory approvals, third-party consents, and the absence of any material adverse changes in the financial or legal aspects of Penn corp Financial Group, Inc. 6. Indemnification: The agreement outlines the indemnification provisions, which determine the liability for any losses, damages, or legal claims arising from breaches of representations, warranties, or other obligations. 7. Confidentiality and non-disclosure: Both parties agree to maintain the confidentiality of any non-public information shared during the negotiation and execution of the agreement. 8. Governing law and jurisdiction: The agreement specifies that it is governed by the laws of the state of South Carolina and any disputes arising from it will be subject to the exclusive jurisdiction of the state or federal courts located in South Carolina. It's worth noting that there may be various specific versions or variations of the South Carolina Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. For example, there could be agreements related to different classes of common stock, preferred stock, or even a separate agreement for a stock option plan. Each type of agreement would have its own particular terms tailored to the specific circumstances and objectives of the parties involved.