NOTICE OF EXERCISE OF RIGHT TO SELL SHARES UNDER STOCK PURCHASE AGREEMENT
[NAME, COMPANY AND ADDRESS, ex.
John Smith
XYZ Inc.
1234 First Street
Suite 567
Anycity, Anystate 85245]
Dear [NAME, ex. John Smith],
I refer to the Stock Purchase Agreement between us dated [DATE OF STOCK PURCHASE AGREEMENT, ex. July 21, 1995] in respect of the capital stock of [NAME OF CORPORATION].
I hereby notify you that in accordance with the terms and conditions of the Stock Purchase Agreement, I have elected to sell my stock in the corporation to you, effective [EFFECTIVE DATE OF SALE, ex. September 30, 1998] for the price of [SALE PRICE OF STOCK].
Kindly confirm that the appropriate arrangements will be made to transfer the stock to you and to pay me the purchase price thereof.
Sincerely,
[YOUR NAME, ex. Jill Jones]
[…] Ben Popken wrote an interesting post today onHere’s a quick excerpt[NAME, COMPANY AND ADDRESS, ex. John Smith XYZ Inc. 1234 First Street Suite 567 Anycity, Anystate 85245] Dear [NAME, ex. John Smith], I refer to the Stock Purchase Agreement between us dated [DATE OF STOCK PURCHASE AGREEMENT, ex. July 21, 1995] in respect of the capital stock of [NAME OF CORPORATION]. I hereby notify you that in accordance with the terms and conditions of the Stock Purchase Agreement, I have elected to sell my stock in the corporation to you, effective [EFFECTIVE DATE OF SALE, ex. September 30, 1998] for the price of [SALE PRICE OF STOCK]. Kindly confirm that the appropriate arrangements will be made to transfer the stock to you and to pay me the purchase price thereof. Sincerely, [YOUR NAME, ex. Jill Jones] […]