The King Washington Form — Stock Purchase Agreement Providing for Strategic Investment in a Public Company is a legal document that outlines the terms and conditions for a strategic investment in a public company. This agreement enables a strategic investor to purchase company stocks with the goal of acquiring a significant ownership stake and gaining influence in the target company's operations and decision-making processes. The purpose of this agreement is to define the parameters of the strategic investment, including the number of shares to be purchased, the purchase price, the desired ownership percentage, and the conditions under which the investment will be made. It outlines the rights and obligations of both parties involved — the strategic investor and the public company. Some key clauses typically included in the King Washington Form — Stock Purchase Agreement Providing for Strategic Investment in a Public Company are: 1. Purchase Price and Consideration: This clause specifies the purchase price per share and the total consideration to be paid by the investor in exchange for the stocks. 2. Number of Shares: This section outlines the number of shares being purchased, which determines the percentage of ownership the investor will hold in the company. 3. Closing Conditions: This clause details the conditions that must be met before the transaction can be completed, such as regulatory approvals or the satisfaction of certain financial or legal requirements. 4. Representations and Warranties: Both parties make statements that assure the accuracy of the information provided and affirm their ability to enter into the agreement. 5. Board Representation: If the investor acquires a substantial ownership stake, this section may address the right to appoint board members or observers to participate in the target company's governance. 6. Confidentiality and Non-Disclosure: This clause emphasizes the need to maintain the confidentiality of sensitive information obtained through the investment process. 7. Termination and Remedies: This section outlines the circumstances under which the agreement may be terminated, as well as the potential remedies available to either party in the event of a breach. Different types or variations of the King Washington Form — Stock Purchase Agreement Providing for Strategic Investment in a Public Company may exist depending on specific circumstances or preferences of the parties involved. Some potential variants could include agreements designed specifically for venture capital investments or private equity investments, agreements tailored for mergers and acquisitions, or agreements with added provisions related to shareholder rights and protections. Overall, King Washington Form — Stock Purchase Agreement Providing for Strategic Investment in a Public Company is a comprehensive legal document that ensures both the strategic investor and the public company have a clear understanding of their rights, obligations, and expectations during the investment process.