|
|
|
|
Document Preview Common Stock Purchase Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Common Stock Purchase Agreement |
|||
|
Entities: |
||||
|
Date: |
2003 |
|||
|
Size: |
Preview shows 4KB of 16KB total |
|||
|
Price: |
$42 |
|||
|
ID: |
#268807 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
COMMON STOCK PURCHASE AGREEMENT
THIS COMMON STOCK PURCHASE AGREEMENT (the Agreement) is made as of the 1st day of July, 2003 by and between IMPAC Mortgage Holding, Inc., a Maryland corporation (the Purchaser), Joseph R. Tomkinson, Johnson Revocable Living Trust and William S. Ashmore (collectively referred to as Sellers).
WHEREAS, the Sellers jointly own all of the outstanding common stock in IMPAC Funding Corporation, a California Corporation ( the Company ):
WHEREAS, the Purchaser owns all of the outstanding Preferred stock in the Company:
WHEREAS, the Sellers desire to sell, and the Purchaser desires to acquire, all of the outstanding common stock of the Company on the terms and conditions hereinafter set forth.
NOW, THEREFORE, IT IS AGREED between the parties as follows:
1. Purchase and Sale of Shares.
(a) On the terms and subject to the conditions contained herein, the Purchaser hereby agrees to purchase from the Sellers, and the Sellers hereby agree to sell to the Purchaser, for an aggregate purchase price of Seven Hundred and Fifty Thousand Dollars ($750,000) (the Purchase Amount), 2, 10,000 shares (the Shares) of common stock of the Company, constituting all of the outstanding common stock of the Company. The closing of the purchase of the Common Stock Shares hereunder (the Closing), shall occur at the offices of the Company no later than July 10, 2003 and shall be concurrent with the execution of this Agreement and upon the satisfaction or waiver of the conditions contained in Section 4 herein.
2. Sellers Representations and Warranties. The Company represents and warrants to the Purchaser the following:
(a) As of July 1, 2003 the outstanding capital stock of the Company consisted of 10,000 shares of Common Stock. All of the outstanding shares of Common Stock have been duly authorized and validly issued and are fully paid and nonassessable grants of stock.
(b) The issuance, sale and delivery of the Shares in accordance with this Agreement have been duly approved, consented to and authorized by all Sellers. The Shares, when issued, sold and delivered against payment therefore in accordance with this Agreement, will be, free and clear of all liens, liabilities, claims, demands and other encumbrances.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us