Texas Sample Purchase Agreement between Cell Pathways, Inc., MAS Funds Small Cap Value Portfolio, and Van Kampen American Value Fund Title: A Comprehensive Overview of the Texas Sample Purchase Agreement between Cell Pathways, Inc., MAS Funds Small Cap Value Portfolio, and Van Kampen American Value Fund Introduction: The Texas Sample Purchase Agreement between Cell Pathways, Inc., MAS Funds Small Cap Value Portfolio, and Van Kampen American Value Fund serves as a legally binding document governing the purchase of a specified quantity of shares from Cell Pathways, Inc. This agreement provides a detailed framework for the transaction, ensuring transparency, compliance, and protection of the involved parties' interests. Let's dive into the key aspects and essential clauses of this agreement. 1. Parties Involved: a) Seller: Cell Pathways, Inc. b) Purchasers: — MAS Funds Small Cap ValuPortfolioli— - Van Kampen American Value Fund 2. Overview of the Agreement: This agreement outlines the terms and conditions associated with the purchase of shares in Cell Pathways, Inc. by the MAS Funds Small Cap Value Portfolio and Van Kampen American Value Fund. It covers important aspects such as purchase price, delivery of shares, representations and warranties, and dispute resolution. 3. Purchase Price and Payment Terms: The agreement specifies the purchase price per share and the total consideration for the shares being acquired by the purchasers. It provides details regarding the payment terms, including the timeline for the payment, the method of payment, and any applicable penalties for non-compliance. 4. Delivery of Shares: This section outlines the procedure for the delivery of shares from Cell Pathways, Inc. to the purchasers. It includes specifics about the timing of the delivery, the method of transfer, and the necessary documentation to ensure a smooth and legally compliant transfer of ownership. 5. Representations and Warranties: This agreement includes representations and warranties made by both the sellers and purchasers. These represent assurances regarding the accuracy of information, ownership, and legal compliance related to the shares being bought and sold. These clauses mitigate potential risks and provide additional certainty to the purchasers. 6. Confidentiality and Non-Disclosure: To safeguard sensitive information shared during the course of the agreement, this section establishes the obligations of confidentiality by all parties involved. It prohibits the disclosure of any confidential information to third parties and outlines the consequences of breaches in confidentiality. 7. Dispute Resolution: In the event of a dispute or disagreement related to the execution of the purchase agreement, this section establishes the procedures for resolving such disputes. It may include mediation, arbitration, or litigation processes, depending on the preferences of the parties involved. Types of Texas Sample Purchase Agreements between Cell Pathways, Inc., MAS Funds Small Cap Value Portfolio, and Van Kampen American Value Fund: 1. Exclusive Purchase Agreement: This type of agreement grants the purchasers exclusive rights to buy shares from Cell Pathways, Inc. within a specified timeframe, ensuring a one-on-one buyer-seller relationship during the negotiation and transaction process. 2. Non-Exclusive Purchase Agreement: Unlike the exclusive purchase agreement, this type allows Cell Pathways, Inc. to offer shares to other potential buyers simultaneously. The purchasers do not hold exclusive rights to buy the shares within a specific timeframe, but they are still bound by the terms and conditions listed in the agreement. Conclusion: The Texas Sample Purchase Agreement between Cell Pathways, Inc., MAS Funds Small Cap Value Portfolio, and Van Kampen American Value Fund is a crucial legal document regulating the purchase of shares. It encompasses various provisions related to price, delivery, warranties, confidentiality, and dispute resolution. The agreement ensures the smooth execution of the transaction and offers protection to all parties involved, thereby fostering trust and confidence in the purchase process.