Sample Share Purchase And Share Holder Agreement Page 38

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AND
(2)
___________, a company duly incorporated and existing under the provisions
of the (Indian) Companies Act, 1956, with its registered office at ________
(the
"Strategic Partner" which expression shall include its Affiliates, successors and permitted
assigns);
AND
(3)
___________, a company duly incorporated and existing under the laws of
______, with its registered office at _________ (hereinafter referred to as Principal 1
which expression shall include its successors and permitted assigns);
AND
(4)
_________, a company duly incorporated and existing under the laws of
_________, with its registered office at ____________ (hereinafter referred to as
Principal 2 which expression shall include its successors and permitted assigns);
___, _____ are hereinafter collectively referred to as “Principals” and
“Principal” means any one of them)
AND
(5)
_________, a private limited company duly incorporated and existing under
the provisions of the (Indian) Companies Act, 1956, with its registered office at
________ (hereinafter referred to as "Company", which expression shall include its
successors and permitted assigns).
WHEREAS
A.
The Company is engaged principally in the business ___________.
B.
Government is the beneficial and legal owner of _____% of the issued,
subscribed and paid up equity share capital of the Company as on date of this Agreement.
C.
The Strategic Partner, the Principal, the Company, and the Government are
parties to an agreement of even date whereby Government, has subject to the terms and
conditions stated therein, agreed to sell to the Strategic Partner, and the Strategic Partner
has agreed to purchase from
Government _____ Equity Share Capital of the Company (such agreement, the "Share
Purchase Agreement").

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