Washington Form — Stock Purchase Agreement for Strategic Investment Made at Time of Initial Public Offering is a legally binding document that outlines the terms and conditions under which a strategic investor agrees to purchase stock from a company during its initial public offering (IPO) in the state of Washington. This agreement plays a crucial role in facilitating and formalizing the investment process and protects the rights and interests of both parties involved. The Washington Form — Stock Purchase Agreement for Strategic Investment Made at Time of Initial Public Offering includes various key provisions and details that are essential for a smooth and transparent investment process. It typically covers the following aspects: 1. Parties involved: This section includes the names and contact details of the strategic investor and the issuing company. Both parties are clearly identified along with their respective roles and responsibilities. 2. Stock purchase details: The agreement specifies the number of shares that the strategic investor intends to purchase during the IPO. The total purchase price or the purchase price per share is also mentioned to ensure transparency and clarity. 3. Representations and warranties: This section outlines the representations and warranties made by the issuing company regarding the accuracy of the disclosed information, financial statements, business operations, and legal compliance. The strategic investor relies on these assurances before making the investment. 4. Conditions precedent: This segment lists the conditions that must be fulfilled before the completion of the stock purchase agreement. It may include the successful completion of the IPO, necessary regulatory approvals, and other relevant requirements. 5. Rights and obligations: The agreement delineates the rights and obligations of the strategic investor and the issuing company. It typically covers matters such as transfer restrictions, information sharing, voting rights, preemptive rights, and any special privileges or conditions attached to the investment. 6. Termination and remedies: This section specifies the circumstances under which either party may terminate the agreement. It also outlines the remedies available to the non-defaulting party in case of a breach or violation of the agreement's terms. Different types of Washington Form — Stock Purchase Agreement for Strategic Investment Made at Time of Initial Public Offering may exist based on the specific terms and provisions included. They may vary depending on factors such as the nature of the investment, the strategic objectives of the investor, and the unique circumstances of the issuing company's IPO. Some possible variations or sub-types of Washington Form — Stock Purchase Agreement for Strategic Investment Made at Time of Initial Public Offering could include: 1. Preferred Stock Purchase Agreement: This agreement may provide additional rights and privileges to the strategic investor, such as preference in dividend payments, liquidation rights, or conversion features. 2. Convertible Stock Purchase Agreement: In this case, the purchased stock may have the option to be converted into a different class of stock or to be converted into common shares at a predetermined conversion rate or price. 3. Restricted Stock Purchase Agreement: This type of agreement may include specific restrictions on the transferability or sale of the purchased stock for a certain period after the IPO. 4. Equity Incentive Stock Purchase Agreement: This agreement may encompass the purchase of stock by employees or executives as part of their compensation package, often with special terms or conditions attached. These variations demonstrate the flexibility of the Washington Form — Stock Purchase Agreement for Strategic Investment Made at Time of Initial Public Offering to accommodate different investment structures and objectives. It is crucial for both parties to seek legal counsel to ensure compliance with applicable laws and to protect their interests throughout the investment process.