Common use of Purchase of Stock Clause in Contracts

Purchase of Stock. At the closing of this Agreement (the ------------------- "Closing"), upon the basis of the covenants, warranties and representations of the Purchaser set forth in this Agreement, the Seller will sell, transfer, assign, and deliver to the Purchaser 19,000,000 shares of the Series A Preferred Stock, 10,000,000 shares of the Series B Preferred Stock and 10,000,000 shares of the Series C Preferred Stock, free and clear of all liens and encumbrances, except as otherwise may be permitted hereunder.

Appears in 3 contracts

Samples: Capital Stock Purchase Agreement (ZannWell Inc), Capital Stock Purchase Agreement (Palomar Enterprises Inc), Capital Stock Purchase Agreement (ZannWell Inc)

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Purchase of Stock. At the closing of this Agreement (the ------------------- "Closing"), upon the basis of the covenants, warranties and representations of the Purchaser set forth in this Agreement, the Seller will sell, transfer, assign, and deliver to the Purchaser 19,000,000 2,500,000 shares of the Series A Preferred Stock, 10,000,000 shares of the Series B Preferred Stock and 10,000,000 3,000,000 shares of the Series C Preferred Stock, free and clear of all liens liens, pledges, rights of third parties and any other encumbrances, except as otherwise may be permitted hereunder.

Appears in 1 contract

Samples: Capital Stock Purchase Agreement (Green Mountain Capital Inc.)

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