Bexar Texas 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
• County: Bexar
• 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. Bexar Texas Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. This Bexar Texas Sample Stock Purchase Agreement outlines the terms and conditions agreed upon by Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. for the purchase of issued and outstanding shares of common stock. This legally binding agreement governs the transfer of ownership and sets forth the rights and obligations of both parties involved. The Stock Purchase Agreement specifies the following key components: 1. Parties Involved: Reassure America Life Insurance Co. (referred to as the "Purchaser") and Penn corp Financial Group, Inc. (referred to as the "Seller"). 2. Purchase Price: The agreed-upon amount at which the Purchaser will acquire the issued and outstanding shares of common stock from the Seller. 3. Shares to be Purchased: A detailed description of the shares of common stock that are being sold, including the total number of shares and their corresponding class or series. 4. Representations and Warranties: The Seller provides assurances that they are the lawful owner of the shares being sold, and that there are no undisclosed liabilities or encumbrances associated with the shares. 5. Purchase Conditions: The conditions that need to be fulfilled before the purchase can be completed, such as regulatory approvals, corporate authorizations, or third-party consents. 6. Closing Date: The date when the transfer of ownership will be finalized, and both parties are obligated to fulfill their respective obligations. 7. Indemnification: The Seller agrees to indemnify and hold harmless the Purchaser from any losses, damages, or liabilities arising out of any misrepresentation, breach of warranty, or non-fulfillment of obligations. 8. Governing Law and Dispute Resolution: The jurisdiction and laws that will govern the interpretation and enforcement of the agreement, as well as the mechanism for resolving any disputes. Different types of Bexar Texas Sample Stock Purchase Agreements can be named based on the specific circumstances or variations in the terms and conditions. Some possible variations may include agreements tailored for: 1. Asset Purchase: If the agreement includes the purchase of not only the issued and outstanding shares of common stock but also other assets of the Seller. 2. Partial Purchase: When the agreement focuses on the purchase of only a portion of the issued and outstanding shares, rather than the entire stock. 3. Shareholders' Agreement: A comprehensive agreement that not only covers the purchase of shares but also outlines the rights, obligations, and responsibilities of the shareholders in the post-purchase scenario. 4. Merger or Acquisition: If the agreement involves the consolidation or acquisition of the Seller's entire business or a significant portion of it. These variations may necessitate additional clauses or modifications to the basic structure of the Bexar Texas Sample Stock Purchase Agreement.

Bexar Texas Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. This Bexar Texas Sample Stock Purchase Agreement outlines the terms and conditions agreed upon by Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. for the purchase of issued and outstanding shares of common stock. This legally binding agreement governs the transfer of ownership and sets forth the rights and obligations of both parties involved. The Stock Purchase Agreement specifies the following key components: 1. Parties Involved: Reassure America Life Insurance Co. (referred to as the "Purchaser") and Penn corp Financial Group, Inc. (referred to as the "Seller"). 2. Purchase Price: The agreed-upon amount at which the Purchaser will acquire the issued and outstanding shares of common stock from the Seller. 3. Shares to be Purchased: A detailed description of the shares of common stock that are being sold, including the total number of shares and their corresponding class or series. 4. Representations and Warranties: The Seller provides assurances that they are the lawful owner of the shares being sold, and that there are no undisclosed liabilities or encumbrances associated with the shares. 5. Purchase Conditions: The conditions that need to be fulfilled before the purchase can be completed, such as regulatory approvals, corporate authorizations, or third-party consents. 6. Closing Date: The date when the transfer of ownership will be finalized, and both parties are obligated to fulfill their respective obligations. 7. Indemnification: The Seller agrees to indemnify and hold harmless the Purchaser from any losses, damages, or liabilities arising out of any misrepresentation, breach of warranty, or non-fulfillment of obligations. 8. Governing Law and Dispute Resolution: The jurisdiction and laws that will govern the interpretation and enforcement of the agreement, as well as the mechanism for resolving any disputes. Different types of Bexar Texas Sample Stock Purchase Agreements can be named based on the specific circumstances or variations in the terms and conditions. Some possible variations may include agreements tailored for: 1. Asset Purchase: If the agreement includes the purchase of not only the issued and outstanding shares of common stock but also other assets of the Seller. 2. Partial Purchase: When the agreement focuses on the purchase of only a portion of the issued and outstanding shares, rather than the entire stock. 3. Shareholders' Agreement: A comprehensive agreement that not only covers the purchase of shares but also outlines the rights, obligations, and responsibilities of the shareholders in the post-purchase scenario. 4. Merger or Acquisition: If the agreement involves the consolidation or acquisition of the Seller's entire business or a significant portion of it. These variations may necessitate additional clauses or modifications to the basic structure of the Bexar Texas Sample Stock Purchase Agreement.