Sample Stock Purchase Agreement between Earthlink Network, Inc. and Apple Computer, Inc. Limited
What is this form?
The Sample Stock Purchase Agreement is a formal contract that outlines the terms and conditions of the sale of Series C Preferred Stock shares from Earthlink Network, Inc. to Apple Computer, Inc. Limited. This legal document is crucial for ensuring both parties understand their rights and obligations related to the transaction. Unlike other purchase agreements, this specific form focuses on preferred stock, which offers distinct advantages to investors, such as priority in dividend payments and assets upon liquidation.
What’s included in this form
- Agreement to purchase and sell preferred stock, detailing the number of shares and price per share.
- Closing conditions, outlining procedures for transferring ownership and funds at the closing date.
- Representations and warranties of both the company and purchaser, verifying legal compliance and corporate authority.
- Conditions that must be fulfilled before closing, ensuring that all legalities are addressed.
- Provisions for investor rights and agreements related to future share allocation and corporate governance.
When this form is needed
This Stock Purchase Agreement should be used when a corporation seeks to sell shares of its preferred stock to a purchaser, especially in financial transactions involving significant investments. It is particularly relevant in scenarios involving venture capital investments, mergers and acquisitions, or initial public offerings, where clear contractual obligations are necessary to protect the rights of both parties.
Who should use this form
- Corporations looking to issue preferred stock to investors.
- Investors seeking to acquire preferred shares in a corporation.
- Legal representatives or financial advisors facilitating stock transactions.
- Corporate executives responsible for capital raising and shareholder agreements.
Steps to complete this form
- Identify the parties involved, including their official names and addresses.
- Specify the number of shares to be sold and the purchase price per share.
- Set a date for the closing, ensuring that parties agree on the terms.
- Detail the representations and warranties to be provided by both the company and the purchaser.
- Ensure signatures from authorized representatives on behalf of both parties to validate the agreement.
Notarization requirements for this form
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to specify all parties involved in the agreement.
- Omitting crucial terms such as purchase price or number of shares.
- Not addressing all closing conditions adequately.
- Neglecting to include legal representations and warranties.
- Forgetting to have the agreement signed by authorized representatives.
Why use this form online
- Convenience: Download the form anytime and complete it at your own pace.
- Editability: Easily customize the agreement to fit your specific transaction details.
- Reliability: Forms are drafted by licensed attorneys to ensure compliance with legal standards.
- Accessibility: Save time and effort by having important legal documentation available online.
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FAQ
Internet provider Windstream today announced that it will buy EarthLink for $673 million in an all-stock transaction. The merger is focused on creating a stronger network operator for business customers, but it also provides a reminder that after all these years, dial-up Internet is still being sold.
On the face of it, EarthLink offers a nice variety of download speeds to internet users in 48 states across the US. To top it off, some of those plans are fiber. We like fiber because it's faster and more reliable than other internet connection types.
Earthlink offers comparable speed and service to AT&T without any of the surprises on the bill. Their internet service may be a few more dollars per month than AT&T and CenturyLink, but their equipment rental and installation charges are lower, and your bill will never be subject to promotional price hikes.
EarthLink's prices are high, but the ISP doesn't play around with promotions and gimmicks. On the face of it, EarthLink offers a nice variety of download speeds to internet users in 48 states across the US.We like fiber because it's faster and more reliable than other internet connection types.
AT&T Broadband agreed to offer Internet provider EarthLink Inc.'s service on its cable lines, in a move that could help satisfy potential regulatory concerns about its merger with Comcast Corp.
Earthlink from Charter/Spectrum is Dead: No New Customers Allowed.Charter has since stopped enrolling new customers altogether. Existing Earthlink customers can keep their service until further notice.
Spectrum customers with email service through EarthLink will need to pay a monthly subscription fee if they want to keep using EarthLink, say customers and an email sent to EarthLink users last week.If they don't agree to the fee, the email said, "your current EarthLink email account will be inactivated."
EarthLink is one of the few companies from that era to have survived, and they're still one of the most viable options for internet users looking to leave lengthy contracts and huge price hikes from their cable providers in the rearview.