Riverside California Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. regarding issued and outstanding shares common stock: Introduction: This Stock Purchase Agreement (referred to as "Agreement") is made between Reassure America Life Insurance Co. (referred to as "Buyer") and Penn corp Financial Group, Inc. (referred to as "Seller"). The Agreement outlines the terms and conditions for the purchase of issued and outstanding shares of common stock of Penn corp Financial Group, Inc. by Reassure America Life Insurance Co. 1. Definitions: — Issued and Outstanding Shares: Refers to the total number of common stock shares currently in circulation and held by shareholders of Penn corp Financial Group, Inc. 2. Purchase Agreement: — Purchase Price: The agreed-upon amount at which the Buyer will purchase the common stock shares. This price may be subject to negotiation. — Closing Date: The date on which the stock purchase transaction will be completed. — Payment Terms: Specifies the method and schedule of payment for the purchased shares. — Representations and Warranties: The Seller's guarantees about the ownership and legal status of the common stock shares being sold. — Conditions Precedent: Lists any specific conditions that must be fulfilled before the stock purchase transaction can be completed. 3. Parties' Obligations: — Buyer's Obligations: Outlines the responsibilities and actions the Buyer must fulfill to proceed with the stock purchase. — Seller's Obligations: Outlines the responsibilities and actions the Seller must fulfill to proceed with the stock sale. 4. Closing: — Delivery of Stock Certificates: Specifies how the stock certificates will be physically delivered to the Buyer. — Closing Adjustments: Deals with any necessary adjustments in the Purchase Price based on specific factors such as outstanding debts or liabilities. — Transfer of Ownership: Details the transfer of ownership for the purchased common stock shares. 5. Governing Law and Dispute Resolution: — Governing Law: Identifies the jurisdiction whose laws will govern the interpretation and enforcement of the Agreement. — Dispute Resolution: Outlines the process for resolving any disputes or disagreements that may arise between the Buyer and Seller. Different Types of Riverside California Sample Stock Purchase Agreements: 1. Riverside California Sample Stock Purchase Agreement — Common Stock: Specifically focused on the purchase of issued and outstanding shares of common stock. 2. Riverside California Sample Stock Purchase Agreement — Preferred Stock: Tailored for the purchase of issued and outstanding shares of preferred stock, which may have different rights and privileges compared to common stock. (Note: The specific types of agreements may vary based on the needs and circumstances of the parties involved.)
Riverside California Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penncorp Financial Group, Inc. regarding issued and outstanding shares common stock
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