Who is Buyer?

• The buyer, i.e., a person who purchases stocks, is:

  • An individual
  • A business or organization

• Indicate the full name of Buyer:

• Indicate the full name of company (Buyer):

• Indicate the full business or residential address of Buyer:

About this Agreement

• Select the date on which parties sign this Agreement:

• Select the state, where the corporation was registered:

  Choose option Alabama Alaska Arizona Arkansas Calirofnia Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hamshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

  !

  This information could be found in the Corporation’s bylaws or articles of incorporation.

• Indicate the full name of the corporation that sells its stocks:

• Select the corporation's type:

  Choose option S-corporation C-corporation

  !

  S Corporation allows profits and losses to pass through to shareholders’ personal tax returns, avoiding double taxation. It has restrictions on ownership (e.g., limited to 100 U.S. shareholders).

  C Corporation is separate from its owners, taxed independently at the corporate level. Profits may be taxed again when distributed as dividends to shareholders (double taxation).

• Indicate the full business address of corporation:

Stock Details

• How many stocks does the Buyer wish to purchase?

• Specify the par value of one share (in U.S. Dollars):

  !

  Par value is the nominal value of a share of stock as stated in a Corporation’s articles of incorporation or bylaws.

  It is a share’s minimum price and not its market value.

• The Seller transfers:

  • all stocks in corporation
  • part of stocks

  !

  When a seller transfers all stocks in a corporation, a seller ceases to be a stockholder.

  However, when a portion of a seller’s stocks is being transferred, a seller remains a stockholder of the corporation with the remaining stocks.

Payment Details

• Specify the total purchase price (in USD) for which the Buyer purchases stocks:

• The purchase price shall be paid:

  • In full on the date of signing this Agreement
  • In full on the other date
  • According to specific schedule

• Select the date, on which the purchase price shall be paid in full:

• Describe in detail schedule according to which the purchase price shall be paid:

• Indicate all acceptable payment methods the Buyer can use to pay the purchase price:

Miscellaneous

• Once the sale-purchase of shares is finalized, the Seller shall not disclose any confidential information about the corporation for the period of:

  Choose option one (1) year two (2) years three (3) years

• Select the closing date:

  !

  The closing date is the specific date on which the transfer of ownership of stocks is finalized.

  It means that by this day a seller shall transfer their stocks along with a respective share certificate, and the buyer shall pay agreed purchase price in full.

• Is prior approval from the other stockholders required for the Seller to transfer their stocks?

  • Yes
  • No

  !

  A corporation’s bylaws or internal shareholder agreements may restrict a stockholder’s right to transfer shares. Those restrictions may include:

  – to seek a prior approval from the remaining stockholders to make a transfer of shares to a third parties;
  – to offer sale of stock first to the remaining shareholder (i.e., the right of first refusal); or
  – any other limitations.

  Failure to receive such an approval makes a transfer of stocks under the present agreement void (i.e., not legally binding).

• Is the Seller a party to any existing shareholder agreement with other stockholders of the corporation?

  • Yes
  • No

• Do you want to add a Seller's signature?

  • Yes
  • No

• Add a Seller's signature:

  Save signature Clean

  Edit signature