The third article of this agreement, “purchase price,” provides for the amount of money expected for all shares sold. This means multiplying the “number of shares” stated above by the documented “price () per share.” Once this task is complete, type the resulting number on the empty line before the word “dollars” and digitally type it to the line in the brackets. It should be noted that the amount you set here is expected by the buyer at the deadline of this agreement. Companies that offer several types of shares sometimes also have a series (Class A, Class B, Class C, etc.) that may be worth different amounts of money. For example, 100 Class A common shares may not be of the same value as 100 Class B shares. A share purchase agreement also contains payment details, z.B if a down payment is required when the full payment is due, and the closing date of the agreement. There is a share purchase agreement between a buyer who wishes to buy shares of a company at a certain price from a seller. The agreement defines the number of shares, the price (A) per share and the date of sale. All other terms must be negotiated between the parties and, after signing, the exchange of funds for the shares is usually carried out as soon as possible. After the expiry of the duty of care, the share purchase agreement must be written (see letter) and signed between the parties. After signing, financial statements must be made immediately with counter-funds exchanged for share certificates.
On that date, the transaction will be completed, with the buyer being the new official owner of the stock. When buying all the shares of a company (100% of the shares), it is recommended to use the purchase of commercial agreements instead. one. The purchaser is not recognized as an issuer, insider, partner or partner of the company, as defined or recognized by applicable securities laws and regulations. B. The purchaser is not bound by an agreement that would prevent transactions related to this agreement. c. To the buyer`s knowledge, no legal action or legal action is pending against any party, which would seriously undermine the agreement. 7.1. The seller insures and guarantees the terms of the guarantees and acknowledges that the agreement has entered into this agreement (and has expressly agreed to acquire the shares in accordance with item 2.1) and has justified the purchase price on the basis of the various insurances and assurances concerning the group`s companies and their activities in this agreement. BUY AND SELL. Subject to the terms of this share purchase agreement, the seller agrees to sell to the buyer and the buyer agrees to acquire from the seller ,NUMBER] [TYPE] shares of the company (the “shares”).