Under a share purchase agreement, the buyer pays the purchase price and the parties execute the share transfer documents after the conclusion. It is important to check the stamp requirements and procedures under the relevant jurisdiction. Below we discuss some aspects related to entering into share purchase agreements: bonds bought and sold are invoiced with an ad valorem duty equal to 0.2% of the counterparty or net asset value of the shares, whichever is greater. This tax is normally divided between the beneficiary of the hedaire and the buyer. The last audited annual accounts are also presented when the above-mentioned transfer documents are submitted for evaluation. This Share Purchase Agreement (this “Agreement”) is registered as of December 13, 22, 2020, between SELLAS Life Sciences Group, Inc., a Delaware corporation (the “Company”), and each purchaser mentioned on the signature pages (each of its successors and beneficiaries, a “Buyer” and, together, the “Purchasers”). The share purchase agreement sets out all the conditions for the sale and purchase of shares as well as the obligations of the parties concerned in this context. A typical share sale contract would include, among other things, the following provisions: A share purchase agreement is a contract for the sale and purchase of the entire share capital issued by a company. It is customary that, when purchasing shares, the buyer is protected against potential tax obligations in the form of: A Under the terms of a share purchase on the 31st The sale agreement concluded between the parties on October 27, 2019 (“SPA”) under certain conditions has been agreed by Spirit to acquire the entire share capital issued by Short Brothers Plc (“SB PLC”) from BAUK (“Project Atlantic”).
Party C is a limited liability company founded in accordance with the laws and regulations of the People`s Republic of China (PRC) and is currently in good reputation, with the registered address at 16-1, Building 2, No. 68 Jinkai Avenue, High-Tech Zone, Northern New District, Chongqing, PRC and a current registered capital of RMB 5 million. To allow the transfer of shares of a Hong Kong company, the following documents must be signed by both the transferor and the transferee of Hong Kong shares: the transfer of shares between parent companies and subsidiaries or among other subsidiaries may be exempt from stamp duty. An application, accompanied by a declaration and a legal supporting document indicating, among other things, the relationship between the contemptuous and the buyer, must be filed with the stamp duty office with a view to exemption from the stamp duty internal to the group. We have extensive experience in designing and negotiating share purchase agreements for companies in different sectors and markets. .