Agreement协议书 docx.docx
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Agreement协议书 docx.docx
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Agreement协议书docx
Agreement协议书
BYANDBETWEEN
_________("SREDNICK")
AND
AAAINC.,A_________(STATE)CORPORATION("AAA")
WHEREAS:
A.SrednickissometimesreferredtoforconvenienceinthisAgreementas"Seller";
B.SellerdesirestoacquireanoptiontoselltoAAA(the"Put")andAAAdesirestoacquireanoptiontopurchasefromSeller(the"Call")alloftheoutstandingsharesofstock(the"Stock")ofSrednickandAssociates,Ltd.(the"Company").
THEREFORE,SellerandAAAagreeassetforthbelow.
1.PropertySubjecttoOptions.ThepropertysubjecttothePutandtheCallisallright,titleandinterestintheStock.
2.Seller'sPut;PurchasePrice.
(a)SellershallhavetherighttoexerciseitsPutoftheStockduringaperiod("PutPeriod")thatcommences_________(M,D,Y),andendsatthecloseofbusiness,CST,onthethirtieth(30thday)nextfollowingthefirstdayofthePutPeriod(includingthefirstdayofthePutPeriod).IfSellerdoesnotexerciseitsPutwithinthePutPeriod,thePutshallterminateautomaticallywithoutanynoticefromAAAandSellershallhavenofurtherrighttocompelAAAtopurchasetheStock.
(b)IfSellergivesNoticetoAAAofSeller'sexerciseofitsPut,thereshallbeaclosingofthesalepursuanttothePut(the"Closing")whichshalloccurassetforthinSection6(c)notlaterthansixty(60)daysaftersuchNoticeisgivenonadatedesignatedbyAAA,exceptthatifthesixtieth(60th)dayisnotadaywhenbanksinLosAngelesandNewYorkCityarebothopenforbusiness("BusinessDay"),thentheClosingshalloccurnotlaterthenthenextdaythatisaBusinessDay.
(c)IfSeller'sPutisexercised,thetotalpurchasepricetobepaidtoSellerfortheStockis_________dollars($,_________)ofwhich_________dollars($,_________)shallbepaidincashand_________dollars($,_________)shallbepaidinsharesofCommonStockofAAA(the"AAAShares")valuedassetforthinSection5.
3.AAA'sCall;PurchasePrice.
(c)AAAshallhavetherighttoexerciseitsCallontheStockwithinathirty(30)dayperiod("CallPeriod")thatbeginsonthedaynextfollowingtheendofthePutPeriodandendsonthecloseofbusiness,CST,onthethirtieth(30th)daynextfollowingthecommencementoftheCallPeriod(includingthefirstdayoftheCallPeriod).IfAAAhasnotexerciseditsCallwithintheCallPeriod,theCallshallterminateautomaticallywithoutanynoticefromSellerandAAAshallhavenofurtherrighttocompelSellertoselltheStock.
(d)UponAAAgivingNoticetoSellerofAAA'sexerciseofitsCall,thereshallbeaClosingofthesalepursuanttotheCallwhichshalloccurassetforthinSection6(c)notlaterthanthirty(30)daysaftersuchNoticeisgivenonadatedesignatedbyAAA,exceptthatifthethirtieth(30th)dayisnotaBusinessDay,thentheClosingshalloccurnotlaterthenthenextdaythatisaBusinessDay.
(e)IfAAA'sCallisexercisedbyAAA,thetotalpurchasepricetobepaidtoSellerfortheStockis_________dollars($,_________)ofwhichsixmillionsevenhundredfiftythousanddollars($,_________)shallbepayableincashand_________dollars($,_________)shallbepayableinAAASharesvaluedassetforthinSection5.forthinSection5.
4.TermsofPayment,ThetotalpurchasepriceowingtoSellershallbepaidassetforthbelow.
(e)PutPrice.OntheexerciseofSeller'sPut,thetotalpurchaseprice,$,_________,shallbepaidasfollows:
(i)OntheClosing(definedinSection6(c)below),_________dollars($,_________)shallbepaidincashand_________dollars($,_________)shallbepaidinsharesoftheCommonStockofAAA(the"AAAShares").ThecashportionofthepurchasepricetobepaidattheClosingshallbedeliveredbyFederalFundswiredtoabankaccountdesignatedbySellerpriortothedateoftheClosing.TheportionofthepurchasepricetobepaidinAAASharesshallbedeliveredinoneormorestockcertificatesofAAAevidencingtheAAASharesregisteredinthenameofSeller.
(ii)Thebalanceofthecashportionofthepurchaseprice,_________thousanddollars($,_________)shallbepaidinfourequalinstallmentsof_________thousanddollars($,_________)each,withoutinterest,onthefirstdayof_________(M,Y),_________,_________and_________unlesssuchJuly1isnotaBusinessDay,inwhichcasethepaymentshallbemadeonthenextdatewhichisBusinessDay.EachinstallmentshallbedeliveredbyfederalfundswiredtoabankaccountdesignatedbySellerpriortothedateofClosingortosuchotherbankaccountasmaybedesignatedbySellerfromtimetotimeatleastten(10)dayspriortothepaymentduedate.
(f)CallPrice.OntheexerciseofPurchaser'sCall,thetotalpurchaseprice,$,_________,owingtoSellershallbepaidassetforthbelow:
(ii)OntheClosing(definedinSection6(c)below),_________dollars($,_________)shallbepaidincashand_________dollars($,_________)shallbepaidinsharesoftheCommonStockofAAA(the"AAAShares").ThecashportionofthepurchasepricetobepaidattheClosingshallbedeliveredbyFederalFundswiredtoabankaccountdesignatedbySellerpriortothedateoftheClosing.TheportionofthepurchasepricetobepaidinAAASharesshallbedeliveredinoneormorestockcertificatesofAAAevidencingtheAAASharesregisteredinthenameofSeller.
(iii)Thebalanceofthecashportionofpurchaseprice,five_________thousanddollars($,_________)shallbepaidinfourequalinstallmentsof_________thousanddollars($,_________)each,withoutinterest,onthefirstdaysof_________(M,Y),_________,_________and_________unlesssuchJuly1isnotaBusinessDay,inwhichcasethepaymentshallbemadeonthenextdatewhichisBusinessDay.EachinstallmentshallbedeliveredbyfederalfundswiredtoabankaccountdesignatedbySellerpriortothedateofClosingortosuchotherbankaccountasmaybedesignatedbySellerfromtimetotimeatleastten(10)dayspriortothepaymentduedate.
(b)AdvancePayments.AAAshallreceivecreditataClosingunderthisAgreement,and,totheextentofAAA'spayments,againsttheannualinstallmentsofthepurchasetobepaidincash,forpaymentsmadebyAAAafterthedatehereof,asadvancestowardthecashportionofthepurchasepriceintheeventthecallorthePutisexercised.
5.CalculationofNumberofSharestobeDeliveredtoSelleratClosing.CalculationofNumberofSharestobedeliveredtoSelleratClosing.
(a)OnExerciseofPut.ThenumberofsharesofcommonstockofAAAtobedeliveredtoSellerontheClosingshallbethegreaterofthefollowingtwonumbers:
(i)twohundredthirty-seventhousandandsixty-nine(237,069)or(ii)6,875,000dividedbytheAverageAAAPriceasdefinedinthisSection5.
(b)OnExerciseofCall.ThenumberofsharesofcommonstockofAAAtobedeliveredtoSellerontheClosingshallbethegreaterofthefollowingtwonumbers:
(i)twohundredtwenty-fourthousandonehundredthirtyeight(224,138)or(ii)6,500,000dividedbytheAverageAAAPriceasdefinedinthisSection5.
(c)The"AverageAAAPrice"shallbetheaverageoftheclosingpricesofAAAcommonstockontheNewYorkStockExchange("NYSE")asreportedontheNYSECompositeTransactionTapeforthetwentytradingdaysendingonthethirdtradingdayprecedingtheClosingDate.
6.ConditionstoClosing.
(a)SellerConditions.AtorbeforetheClosing,Sellershallhavereceivedthefollowing:
(i)acopyoftheArticlesofIncorporation,asamended,ofAAAcertifiedbythe_________SecretaryofState;
(ii)acopyoftheBy-LawsofAAAandacopyoftheUnanimousConsentofDirectorsoftheBoardofDirectorsofAAAauthorizingtheexecution,deliveryandperformanceofthisAgreement,bothcertifiedbytheSecretaryofAAA;
(iii)agoodstandingcertificateofAAAcertifiedbytheSecretaryofStateof_________;
(iv)abringdowncertificateexecutedbyanofficerofAAAcertifyingthattherepresentationsandwarrantiesofAAAsetforthinSection8belowaretrueandcorrectasoftheClosing;
(v)SellershallhavereceivedthecashportionofthepurchasepricetobedeliveredattheClosing;and
(vi)SellershallhavereceivedcertificatesforAAASharesissuedinthenameofSellerbearingarestrictivelegendwhichpermitstheAAASharestobesoldonlypursuanttoaregisteredofferingpursuanttoSection9orpursuanttoRule144adoptedbytheSecuritiesandExchangeCommissionandasamendedafterthedatehereof..
(b)AAAConditions.AtorbeforetheClosing,AAAshallhavereceivedthefollowing:
(i)acopyoftheArticlesofIncorporation,asamended,oftheCompanycertifiedbythe_________SecretaryofState;
(ii)agoodstandingcertificateoftheCompanycertifiedbytheSecretaryofStateof_________;
(iii)acopyoftheorganizationaldocumentsofBBBandtheoperatingagreementofBBBLLC;
(iv)abringdowncertificateexecutedbyanofficeroftheCompanycertifyingthattherepresentationsandwarrantiesofSellersetforthinSection7belowaretrueandcorrectasoftheClosingDate;
(v)evidenceofUniformCommercialCodesearches,searches,federaltaxliensearchesandothercertificatesreasonablyrequestedbyAAAinordertoconfirmthattheStockbeingsoldhereunderbySellerandtheinterestoftheCompanyinBBBarefreeandclearofallpledges,securityinterests,Liensandencumbrances;
(vi)astockcertificateoftheCompanyevidencingalloftheoutstandingsharesoftheCompanydulyassignedtoAAA;
(vii)suchotherdocumentsandassignmentsasAAAmayrequirereasonablyinordertoeffecttheassignmentandtransfertoAAAoftheStocksoldhereunder;and
(viii)AAAshallhavesuchconsents,ifany,asAAAdeterminesarerequiredund
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