Stock Shares Purchase Agreement
Stock Shares Purchase Agreement
Buyer and Seller shall be collectively known as the “Parties” and agree to the following:
Class/Series: ____
The Seller agrees to sell the above-described shares of stock (“Shares of Stock”).
III. PURCHASE PRICE. The purchase price for the Shares of Stock shall be
_______________________ Dollars ($_______________________). The Purchase
Price shall be paid to the Seller on the Closing Date.
- Bank Wire
- Cash
- Check
- PayPal
- Other: _____________________________________________________________
V. DEPOSIT. As part of this Agreement, the Seller: (check one)
- Does not require a deposit. The Buyer's consideration shall be their full-faith
commitment to purchase the Shares of Stock under the terms of this Agreement.
- Does not require a due diligence period to review the finances and
agreements of the Business Entity.
VII. DELIVERY. The delivery of the Shares of Stock, along with any stock certificates,
shall be transferred to the Buyer at Closing Date upon the funds being received by the
Seller in an approved method.
VIII. AUTHORITY OF SELLER. To induce the Buyer to enter into and perform its
obligations under this Agreement, the Seller hereby represents and warrants to Buyer,
and covenants with Buyer, as follows:
a.) Capacity. The Seller has all requisite power, authority, and capacity to enter
into this Agreement. The execution, delivery, and performance of this Agreement
by the Seller does not, and the consummation of the transaction contemplated
hereby will not result in a breach of or default under any agreement to which the
Seller is a party by which the Seller is bound.
b.) Binding Agreement. This Agreement has been duly and validly executed
and delivered by the Seller and constitutes the Seller’s valid and binding
agreement, enforceable against the Seller in accordance with and subject to its
terms.
c.) Title to Shares of Stock. The Seller is the lawful, record and beneficial owner
of all the Shares of Stock, free and clear of any liens, claims, agreements,
charges, security interests and encumbrances whatsoever. The sale,
conveyance, assignment, and transfer of the Shares of Stock in accordance with
the terms of this Agreement transfers to the Buyer legal and valid title to the
Shares, free and clear of all liens, security interests, hypothecations or pledges.
IX. AUTHORITY OF BUYER. To induce the Seller to enter into and perform their
obligations under this Agreement, the Buyer represents and warrants to the Seller as
follows:
a.) Capacity. The Buyer has all requisite power, authority, and capacity to enter
into this Agreement. The execution, delivery, and performance of this Agreement
by the Buyer does not, and the consummation of the transaction contemplated
hereby will not result in a breach of or a default under any agreement to which
the Buyer is a party or by which Buyer is bound.
b.) Disclosure. The Buyer is aware of the risks involved in purchasing the
Shares of Stock and accepts that its value can change rapidly and unpredictably.
XI. GOVERNING LAW. This Agreement shall be construed, interpreted and enforced in
accordance with, and shall be governed by, the laws in the State of
_______________________ without reference to, and regardless of, any applicable
choice or conflicts of laws principals.
XIV. ENTIRE AGREEMENT. This Agreement constitutes the entire understanding and
agreement of the Parties relating to the subject matter hereof and supersedes any and
all prior understandings, agreements, negotiations and discussions, both written and
oral, between the Parties hereto with respect to the subject matter hereof.