2Formation as a Corporation Sample Clauses

2Formation as a Corporation. (a) If the Founders have already formed a Business Organization, within 60 (sixty) days the equity interest issued pursuant to Section 1.1 shall be issued (at the election of Purchaser) in the same form as the equity interests issued to the Founders (incorporating all of the same special rights, interests and benefits as those provided to the Founders) pursuant to a Stock Purchase Agreement in substantially the form attached hereto as Exhibit A. (b) If the Founders have not already formed a Business Organization, and unless otherwise agreed to by Purchaser, the Founders agree to form each Business Organization as a Delaware or Washington corporation. In such event, within 60 (sixty) days of incorporation, the equity interest issued pursuant to Section 1.1 shall be issued (at the election of Purchaser) in the same form as the equity interests issued to the Founders (incorporating all of the same special rights, interests and benefits as those provided to the Founders) pursuant to a Stock Purchase Agreement in substantially the form attached hereto as Exhibit A.
Sample 1
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Related to 2Formation as a Corporation

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