Purchase and Sale of Common Stock Clause Example from Business Contracts

Purchase and Sale of Common Stock. (a) Agreement to purchase and sell Common Stock. Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of ( ) Common Shares at $ per share, for an aggregate purchase price of $ , payable as follows: Cash, check, bank draft or money order payable to the Company $ Value of Common Shares1 $ Total Exercise Price $ . 1 Shares must meet the public trading requirements set forth in the Option. Shares must be valued in accordance with the ...terms of the Option being exercised, must have been owned for the minimum period required in the Option and must be owned free and clear of any liens, claims, encumbrances or security interest. Certificates must be endorsed or accompanied by an executed stock assignment. View More