Stock Purchase and Sale. SECTION 2.01.
Stock Purchase and Sale. Subject to the terms and conditions set forth herein, at the Closing the Sellers will sell and the Buyer will purchase all of the Sellers' right, title and interest in and to the Stock and the Warrants.
Stock Purchase and Sale. In accordance with the terms and subject to the conditions of this Agreement, on the Closing Date, the Sellers transfer ownership to the Purchaser, and the Purchaser acquires from the Sellers the Shares to be Sold at the Operation Price.
Stock Purchase and Sale. Subject to the terms and conditions set forth herein, and in reliance on the representations and warranties of and covenants and agreements made by the Parent and the Company in this Agreement, the Buyer hereby purchases and acquires from the Parent, and the Parent hereby sells, assigns, transfers and delivers to the Buyer free and clear of all Liens, the Company Stock for an aggregate cash purchase price equal to $2,500,000 (the “Purchase Price”), in immediately available funds by wire transfer to a bank account designated by the Parent.
Stock Purchase and Sale. Subject to the terms and conditions set forth in this Agreement, at the Closing (as defined in Section 8 below), Issuer will issue and sell to each Shareholder that number of shares of Issuer common stock calculated as follows: (x * 10%) --------- = A, where z x = the total Merger Consideration payable to such Shareholder (without regard to any amount deposited in escrow) z = the Average Closing Price (as defined in the Merger Agreement) (the "Purchase Price") A = shares of Issuer common stock purchased by such Shareholder (the "Shares")
Stock Purchase and Sale. In addition to the basic compensation described above, the Company agrees to sell Siegxx, xxd Siegxx xxxees to purchase from the Company, ten thousand (10,000) shares of common stock, no par value, of the Company (the "Stock"), on the terms set forth in Article II hereof.
Stock Purchase and Sale. Pursuant to the terms and subject to the conditions set forth herein, at the Closing (as defined below), the Shareholders shall transfer and deliver to Party A and Party A shall receive from the Shareholders Fifty Point Nine percent (50.90%) of all the issued and outstanding common stock or a certificate of ownership representing Fifty Point Nine percent (50.90%) of equity interest in Party B (“Exchange Ownership”), in exchange for cash and/or Common Stock and/or Preferred Stock of Party A, as detailed pursuant to Section 1. (b)(ii) (C) below.
Stock Purchase and Sale. On the terms and subject to the conditions described in this Agreement, the Shareholder shall sell, assign, transfer, and deliver to Buyer, and Buyer shall purchase from the Shareholder, all of the Packard Shares, for a total purchase price of $104,000 (the "Purchase Price"), payable as follows:
(a) At the Closing (as defined in Section 2, below), Buyer shall pay $44,000 to the Shareholder by certified or bank cashier's check or wire transfer (the "Closing Payment");
(b) Not later than December 31, 2002, Buyer shall pay $12,000 to the Shareholder by certified or bank cashier's check or wire transfer;
(c) Not later than December 31, 2003, Buyer shall pay $12,000 to the Shareholder by certified or bank cashier's check or wire transfer;
(d) Not later than December 31, 2004, Buyer shall pay $12,000 to the Shareholder by certified or bank cashier's check or wire transfer;
(e) Not later than December 31, 2005, Buyer shall pay $12,000 to the Shareholder by certified or bank cashier's check or wire transfer; and
(f) Not later than December 31, 2006, Buyer shall pay $12,000 to the Shareholder by certified or bank cashier's check or wire transfer.
Stock Purchase and Sale. Subject to the terms and conditions of this Agreement, at the Closing, Sellers shall sell, assign, transfer and deliver to Buyer, and Buyer shall purchase and acquire from Sellers, all of Sellers’ right, title and interest in and to all of the Shares.
Stock Purchase and Sale. Subject to the terms and conditions set forth herein, at the Closing, each Seller shall sell, assign, transfer, convey and deliver to the Buyer the Stock and the Options set forth opposite such Seller's name on EXHIBIT A, free and clear of all Liens, and the Buyer shall purchase the shares of Stock and the Options from the Sellers.
