South Dakota Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. This South Dakota Sample Stock Purchase Agreement pertains to the acquisition of issued and outstanding shares of common stock between Reassure America Life Insurance Co. (hereinafter referred to as "Buyer") and Penn corp Financial Group, Inc. (hereinafter referred to as "Seller"). The agreement outlines the terms and conditions under which the Buyer will purchase the shares of common stock from the Seller. It ensures a smooth transaction by addressing essential aspects of the deal, including but not limited to the purchase price, payment terms, legal representations and warranties, closing conditions, and post-closing obligations. Keywords for this South Dakota Sample Stock Purchase Agreement include: 1. Stock Purchase: This agreement primarily focuses on the purchase of shares of common stock, whereby the Buyer acquires ownership and control over the stock held by the Seller. 2. Reassure America Life Insurance Co.: The Buyer entity involved in this stock purchase agreement, which plays a crucial role in the transaction. 3. Penn corp Financial Group, Inc.: The Seller entity involved in this stock purchase agreement, representing the party intending to sell the issued and outstanding shares of common stock. 4. Issued and Outstanding Shares: This term refers to the existing shares of common stock that have already been issued by the Seller and are currently held by various shareholders. 5. Common Stock: The type of stock subject to this agreement, which represents ownership in the company and typically conveys voting rights and the right to receive dividends. Different types of South Dakota Sample Stock Purchase Agreements between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. regarding issued and outstanding shares of common stock can include: 1. Stock Purchase Agreement with Cash Consideration: This type of agreement involves the Buyer purchasing the shares of common stock from the Seller for a specified cash amount, which is the primary consideration for the transaction. 2. Stock Purchase Agreement with Stock Consideration: In this variation, the Buyer acquires the shares of common stock by exchanging a predetermined number of its own company's shares as consideration, rather than providing cash. 3. Stock Purchase Agreement with Earn-Out Provision: This type of agreement may include an earn-out provision, which allows the Seller to receive additional consideration based on achieving certain predefined financial targets or milestones after the closing of the stock purchase. 4. Stock Purchase Agreement with Escrow Arrangement: This variation involves setting up an escrow account to hold a portion of the purchase price as security, protecting the Buyer from potential losses arising from undisclosed liabilities or breaches in representations and warranties made by the Seller. These different types of stock purchase agreements allow for flexibility and customization based on the specific circumstances and goals of the parties involved in the transaction.