Purchase of Shares Clause Example from Business Contracts

This example Purchase of Shares clause appears in 3 contracts from 3 companies

Purchase of Shares. With effect as of the Effective Date, for the sum of $25,000 (the "Purchase Price"), which the Company acknowledges receiving in cash, the Company sold and issued the Shares to the Subscriber, and the Subscriber purchased the Shares from the Company, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber's execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber's name rep...resenting the Shares (the "Original Certificate") or effect such delivery in book-entry form. Any future forfeiture of shares of the Company (as agreed between the Subscriber and the Company) shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. View More Arrow