Purchase of Shares Clause Example from Business Contracts

This example Purchase of Shares clause appears in 16 contracts from 16 companies

Purchase of Shares. For the sum of $25,000, which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, 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 representing the Shares (the "Origin...al Certificate"), or effect such delivery in book-entry form. View More