PURCHASE TERM SHEET

I. Introduction

This Purchase Term Sheet ("Term Sheet") outlines the key terms and conditions for a potential purchase agreement between [Your Company Name] ("Buyer") and [Seller Name] ("Seller"). This Term Sheet is not legally binding and serves as a framework for the final purchase agreement.

II. Parties Involved

  1. Buyer: [Your Company Name]

    • Address: [Your Company Address]

    • Contact Person: [Your Name]

    • Email: [Your Email]

    • Phone: [Your Phone Number]

  2. Seller: [Seller Name]

    • Address: [Seller's Address]

    • Contact Person: [Seller's Contact Person]

    • Email: [Seller's Email]

    • Phone: [Seller's Phone Number]

III. Purchase Details

  1. Assets/Shares/Interest: 100% of [Seller Name]'s shares

  2. Purchase Price: USD 10,000,000

  3. Payment Terms:

    • Initial Payment:
      USD 5,000,000 due on June 1, 2050

    • Additional Payments:
      $2,500,000 USD due on December 1, 2050 and $2,500,000 USD due on June 1, 2051

  4. Conditions Precedent:

    • Due Diligence:

      Buyer to conduct financial and legal due diligence by August 1, 2050

    • Regulatory Approvals:
      Approval from relevant authorities by September 1, 2050

IV. Warranties and Representations

  1. Buyer's Warranties:

    • The Buyer is a duly organized and validly existing corporation.

    • The Buyer has the financial capacity to complete the purchase.

  2. Seller's Warranties:

    • The Seller owns 100% of the shares being sold.

    • There are no pending legal disputes affecting the assets being sold.

  3. Indemnification:

    • The Seller shall indemnify the Buyer against any undisclosed liabilities.

V. Confidentiality and Non-Disclosure

  1. Confidential Information:
    Both parties agree to keep confidential any information exchanged during negotiations and due diligence.

  2. Non-Disclosure:
    The parties shall not disclose any terms of this agreement to third parties without prior written consent.

VI. Miscellaneous

  1. Governing Law:
    This Term Sheet shall be governed by the laws of [Jurisdiction].

  2. Dispute Resolution:
    Any disputes arising from or in connection with this Term Sheet shall be resolved through [Arbitration/Mediation/Litigation].

VII. Signatures

This Term Sheet is subject to the execution and delivery of a formal purchase agreement between the parties. By signing below, the parties acknowledge their understanding and agreement to the terms outlined herein.

[Your Name]
[Your Title]
[Date]

[Seller Name]
[Seller's Title]
[Date]

This Term Sheet is provided for informational purposes only and does not constitute legal advice. Parties should seek legal counsel before entering into any binding agreements.

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