Purchase of Shares Clause Example from Business Contracts

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

Purchase of Shares. The Company hereby sells and issues to the Subscriber, and the Subscriber hereby purchases from the Company the Shares, for an aggregate purchase price of $25,000, on the terms and subject to the conditions set forth in this agreement (this "Agreement"). Concurrently with the Subscriber's execution of this Agreement, the Company shall register the Shares in the name of the Subscriber on the register of members of the Company.