Share Purchase Agreement (SPA) - Simple

SHARE PURCHASE AGREEMENT

This share purchase agreement (the "Agreement") is entered into on 2020-10-30 by and between

1. [=Seller name] [[business registration number xxxx] or [date of birth xxx]] (The “Seller”), and
2. [=Aquiror name] [[business registration number xxxx] or [date of birth xxx]] (The “Acquiror”)

regarding sale and transfer of shares in [Company], business registration no [business reg number] (the “Company”).

It is hereby agreed between the parties

1. The Seller owns [=owned shares]  shares of the Company.
2. Acquiror will buy [=sold shares] shares in the Company from Seller, for a price of NOK [=share price] per share, at a total cash consideration of NOK [=consideration].
3. Acquiror will pay the cash consideration to Sellers’ Bank Account [=bank account no] by [=due date]
4. Acquiror will sign a deed of adherence to the attached Shareholder Agreement regarding joint ownership in the Company.
5. Seller will provide to Acquiror the Shares free of any encumbrances.
6. This Agreement shall be governed by and construed in accordance with the laws of Norway. Any disputes shall be referred to and finally resolved by the courts of Norway. The legal venue shall be Oslo City Court.

This Agreement is signed in duplicate, with one for each Party.