Companies in the United States may choose from five main methods to repurchase shares or shares, including: This Share Repurchase Agreement (this « Agreement ») will be entered into on December 10, 2019 by and between primoris Services Corporation, a Delaware Corporation (« Buyer ») and Buyer`s shareholders listed in Appendix A (collectively, the « Sellers »). A company or company buys back its shares from the market because the company`s management believes that the shares currently on the market are undervalued. By redeeming a portion of the shares, the Company may increase the value of the remaining shares. A share repurchase agreement is a contract between a corporation and one or more of its shareholders in which the corporation may repurchase a portion of its own common shares. The document identifies the parties involved and records the total price of the participation, the method of payment and the date of the transaction. The agreement also contains representations and warranties on behalf of both parties with the general effect that they are each legally able to complete the transaction. On each of the first three anniversaries of the closing date of the Agreement, the Company will pay 55 troy ounces of gold (or the equivalent in U.S. dollars) to Marlin or one of its subsidiaries; Some mining concessions named Altiplano include a 3% NSR royalty and a buyback option. Marlin has retained the Altiplano royalties and redemption option and receives an NSR of 1.5% on all non-Altiplano claims that currently have no royalties; -Marlin invested $100,000 in the Company`s private placement for 1.67 million units at a price of $0.06 per unit, each unit consisting of one common share and one-half of a common share purchase warrant; each full warrant is exercisable until October 30, 2018 to purchase one common share at an exercise price of $0.08 per share; marlin has appointed one person, Mr. Akiba Leisman, to the company`s board of directors. The representations, warranties, representations and agreements contained herein shall survive the performance and delivery of this Agreement and the completion of the transactions contemplated herein, without regard to any investigation conducted by either party.
There are many reasons why you may want to sell your shares to a company. It may be a lucrative time for you to resell. Maybe you just want to get out of that particular investment. Maybe you are a partner of the company and want to sell to another partner. Or maybe you`re the one who wants to get your shares back – if the shareholder agrees. You may just want a little more control over the company. Whatever your reasons, how you proceed when buying back shares is important. A share repurchase agreement makes it a little easier to resell your shares to a company by clarifying all the conditions in writing. This Agreement may be performed as separate counterparties, each of which, once executed, shall be considered original and which, taken together, constitute a single Agreement. The 8.
In October 2015, the Company entered into an agreement to purchase all of the shares of Oro Silver Resources Ltd. (« Oro Silver ») with Marlin Gold Mining Ltd. (« Marlin Gold »), which was entered into on October 30, 2015 (the « Share Purchase Agreement »). In return, the Company issued 19 million common shares of Marlin Gold to acquire a 100% interest in Marlin Gold`s wholly-owned subsidiary, Oro Silver, which owns the El Compas project through its wholly-owned Mexican subsidiary, Minera Oro Silver SA de CV (« Minera Oro Silver »). On each of the first three anniversaries of the closing date of the share purchase agreement, the Company will pay 55 troy ounces of gold (or the equivalent in U.S. dollars) to Marlin Gold or one of its subsidiaries. Some mining concessions named Altiplano included a 3% NSR royalty and a buyback option. Marlin Gold has retained the altiplano royalties and the buyback option and receives an NSR of 1.5% on all non-Altiplano claims that currently have no royalties. The closing of the share purchase agreement made Marlin Gold an insider of the Company at that time, as it held a 10.79% interest in the Company as of the closing date of October 30, 2015. In October 2015, the Company acquired the El Compas project in Zacatecas, Mexico, pursuant to the share purchase agreement with Marlin Gold by acquiring a 100% interest in Oro Silver (Note 7(a)). On each of the first three anniversaries of the date of the share purchase agreement, 55 troy ounces of gold (or the equivalent in U.S. dollars) must be paid by the Company to Marlin Gold or one of its subsidiaries.
Some mining concessions named Altiplano include a 3% NSR royalty and a buyback option. Marlin Gold will retain the Altiplano royalties and the buyback option and will receive an NSR of 1.5% on all non-Altiplano claims that do not currently incur royalties. In other words, the company sells its marketable securities, such as shares or bonds, to a shareholder. As part of the transaction, the Company undertakes to repurchase the negotiable securities at a later date. This Agreement contains the entire agreement of the parties with respect to the subject matter of this Agreement, and there are no other promises or conditions in any other agreement, whether oral or written. This Agreement supersedes all prior written or oral agreements between the parties. The total purchase price of the shares is $[Insert amount] (the « Purchase Price »). Upon receipt of the purchase price, the shareholder irrevocably designates any officer, employee or representative of the Company as his lawyer to destroy or transfer the shares in the books of the Company with full power of replacement. c.
Validity and Enforceability This Agreement and any other instrument or document signed by the Company in connection with this Agreement have been duly performed by the Company and constitute legal, valid and binding obligations of the Company that are enforceable in accordance with its respective terms, unless applicability can be enforced by the applicable bankruptcy, Insolvency, reorganization, moratorium or similar laws concerning the enforcement of creditors` rights in general and in general. Principles of fairness (whether taken into account in a legal action or in equity). The terms of this Agreement and the underlying transaction shall be governed by all applicable laws of the United States of America and any applicable state thereof, and in connection with the completion of the share repurchase provided for in this Agreement, no consent, approval, appointment or approval or registration, qualification, designation, declaration or filing with any federal government agency, State or local will only be granted by the requested Company. WHEREAS the sellers are the shareholders of the Company who hold a number of common shares with a par value of $0.00002 each of the Company (the « Common Shares »). Under the terms and conditions set forth in this Agreement and subject to the terms set forth in this Agreement, the Company agrees to purchase from the Shareholder and the Shareholder agrees to sell, transfer, transfer, transfer and deliver to the Company [Insert Amount] at a price equal to [Insert Amount] per Share at a price equal to [Insert Amount] per Share. in accordance with Annex O to the shareholders` agreement. Notwithstanding the foregoing, the parties have not agreed on a definitive plan to repurchase or repurchase THE DEG, IFC II and IFC III CCD in accordance with the final plan by October 1, 2016, so IFC and DEG have the right to exercise the buyback option in accordance with this Section 9. Once one of the Investors has notified the Company in writing (the « Notice of Redemption ») of its decision to exercise the Call Option in accordance with the preceding paragraph, the Company will notify the Company of the exercise of the Call Option within 3 (three) business days of receipt of the Notice to Repurchase and will provide a copy of the Notice of Offer to all other Investors (the « Buyback Authorization »). It is specified that upon the delivery of a notice of redemption to the Company by GIF, IFC, DEG or Proparco for violation of the terms of Schedule P, Schedule K and Annex O in the manner described above, all investors have the right to exercise the call option.
The Company will commence the process of repurchase of the Equity Securities after 30 (thirty) business days from the date of the tender authorization (the « Redemption Start Date »), which will in no event be later than 33 (thirty-three) business days after receipt of the Notice of Redemption by the Company. The Company will consider all redemption notices issued by investors prior to the commencement date of the repurchase in order to initiate the process of repurchase of the equity securities. You are a business owner and want to buy back shares from a shareholder. A share buyback agreement can help achieve this goal. Or maybe you own shares in a company and want to sell them. It`s smart. Read more A share buyback can be used as an alternative or in addition to issuing dividends to generate corporate profits to shareholders. .