Share Subscription Agreement for Startup
1. Purpose and Background
This Share Subscription Agreement ("Agreement") is made and entered into on November 1, 2090 by and between [YOUR COMPANY NAME], a company incorporated under the laws of [State/Country], with its principal place of business at [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Company"), and Maryjane Dare, having its principal place of business at Richmond, CA 94801 (hereinafter referred to as the "Investor").
The purpose of this Agreement is to set forth the terms and conditions under which the Investor will subscribe to and purchase shares of the Company.
2. Subscription of Shares
2.1 Number and Type of Shares
The Investor agrees to subscribe to 100 Class B Common shares of the Company (hereinafter referred to as the "Shares").
2.2 Purchase Price
The purchase price for each Share shall be $500 (hereinafter referred to as the "Purchase Price"). The total Purchase Price shall be $50,000.
3. Representations and Warranties
3.1 Company Representations
The Company represents and warrants that it is a duly incorporated and validly existing company under the laws of [State/Country].
3.2 Investor Representations
The Investor represents and warrants that it has the legal capacity to enter into this Agreement and perform its obligations hereunder.
4. Conditions Precedent
The obligation of the Investor to subscribe for and purchase the Shares is subject to the fulfillment, prior to or at the Closing Date, of each of the following conditions:
5. Closing
The closing of the subscription and issuance of the Shares (the "Closing") shall take place on [Closing Date] or such other date as mutually agreed by the parties.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [State/Country] without regard to its conflict of law principles.
7. Entire Agreement
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, both oral and written, between the parties.
8. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Share Subscription Agreement as of the date first above written.
[YOUR NAME]
Shareholder 1
Maryjane Dare
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