Alaska Sample Purchase Agreement: Detailed Description and Types Introduction: An Alaska Sample Purchase Agreement is a legal document that outlines the terms and conditions under which a purchase of stocks or assets occurs between parties involved. In this case, the agreement would be signed between Cell Pathways, Inc., MAS Funds Small Cap Value Portfolio, and Van Kampen American Value Fund. Key Elements: 1. Parties involved: — Cell Pathways, Inc.: A company engaged in the development and commercialization of therapeutic products. — MAS Funds Small Cap Value Portfolio: A mutual fund that primarily invests in small-cap stocks with potential for long-term growth. — Van Kampen American Value Fund: A mutual fund focused on investing in U.S.-based companies with a value-oriented approach. 2. Purpose: — The agreement is aimed at facilitating the purchase of a specific number of shares, stocks, or assets from Cell Pathways, Inc. by both MAS Funds Small Cap Value Portfolio and Van Kampen American Value Fund. 3. Date and Duration: — The agreement includes the specific date of execution and establishes the duration of the purchase process. This ensures all parties are aware of the timeline and can plan accordingly. 4. Purchase Details: — The purchase agreement outlines the number and type of shares/assets being purchased by each fund from Cell Pathways, Inc. This specifies the financial terms and quantity involved in the transaction. 5. Price and Consideration: — The agreement determines the purchase price for shares/assets, and any additional considerations involved in the transaction such as taxes, commissions, or fees. 6. Payment Terms: — This section encompasses the details of how the funds will be transferred between the parties, such as payment method, currency, and specific timelines for payments. 7. Representations and Warranties: — Both Cell Pathways, Inc. and the purchasing funds provide representations and warranties to ensure the accuracy and legality of the transaction, including disclosures about the assets being purchased. 8. Closing Conditions: — The agreement defines the conditions that need to be fulfilled before the transaction can be considered closed, such as regulatory approvals, satisfactory due diligence, or any other agreed-upon parameters. Different Types of Alaska Sample Purchase Agreements: 1. Cash Purchase Agreement: — This type involves the direct payment for shares or assets in cash, without any other considerations or escalations. 2. Asset Purchase Agreement: — In an asset purchase agreement, the focus is on acquiring specific assets rather than buying shares of the company. This may include intellectual property, equipment, or real estate. 3. Stock Purchase Agreement: — This agreement involves the purchase of shares of the company, giving the purchasing parties ownership and voting rights. 4. Contingent Purchase Agreement: — Contingent purchase agreements stipulate that the completion of the purchase depends on certain conditions being met, such as the achievement of specific milestones or regulatory approvals. Conclusion: The Alaska Sample Purchase Agreement between Cell Pathways, Inc., MAS Funds Small Cap Value Portfolio, and Van Kampen American Value Fund is a crucial legal document that outlines the terms of a stock or asset purchase. The agreement ensures transparency, legality, and protection for all involved parties, enabling a smooth transaction process. Different types of purchase agreements like cash, asset, stock, and contingent purchase agreements provide flexibility to suit various transaction structures.