Purchase of Shares Clause Example from Business Contracts

This example Purchase of Shares clause appears in 5 contracts from 5 companies

Purchase of Shares. For the sum of $25,000 (the "Purchase Price"), which the Company acknowledges receiving in cash, the Company hereby sells and issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to the forfeiture provisions of Section 3 below, 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 regis...tered in the Subscriber's name representing the Shares (the "Original Certificate"), or effect such delivery in book-entry form. View More