RightofFirstOfferAgreement优先权条约doc.docx

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RightofFirstOfferAgreement优先权条约doc.docx

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RightofFirstOfferAgreement优先权条约doc.docx

RightofFirstOfferAgreement优先权条约doc

RightofFirstOfferAgreement优先权协议-

A.SellerandBuyerarepartiestoanAssetSale,PurchaseandTransferAgreementdated_________,_________,_________(M/D/Y)(thePurchaseAgreement),pursuanttowhichSellerhasagreedtobuycertaintimberlandandrelatedassetsinthestateof_________(STATE).

B.AllcapitalizedtermsnototherwisedefinedhereinshallhavethemeaningsgiveninthePurchaseAgreement.

C.BuyerandSellerdesiretoenterintothisAgreementtoprovideSellerwithcertainrightswithrespecttotheTimberlandProperties.

NOW,THEREFORE,itisagreedasfollows:

 

1.NotwithstandinganythingtothecontraryinthisAgreementforaperiodof25yearsfollowingtheInitialClosing,anysaleorothertransferbyBuyerofitsinterestintheTimberlandProperties,oranyportionthereof,otherthanExemptTransfersasdefinedinSection5shallbesubjecttoSeller’srightoffirstofferasprovidedbelow.

 

2.SubjecttotheprovisionsofSection1,intheeventBuyerdesirestosellorotherwisetransfer,whetherdirectlyorindirectly,alloranypartoftheTimberlandProperties(theOfferedProperty),itshallgiveanotice(theFirstOfferNotice)toSeller.TheFirstOfferNoticeshallspecifythepriceandtermsofsaleincluding,withoutlimitation,thedescriptionoftheOfferedProperty,thetypeofdeedtobedelivered,theexceptionstowhichtheOfferedPropertywillbesubject,whetherornottitleinsurancewillbeprovided,andtheallocationofresponsibilityforsalesanddocumentarytaxesandotherclosingcosts.TheFirstOfferNoticeshallconstituteanofferbyBuyertosellitsinterestintheOfferedPropertytoSelleronthepriceandtermsandconditionssetforthinsuchnotice.Seller,ifitdesirestoacceptsuchoffer,shall,within30daysafterthegivingoftheFirstOfferNotice,giveBuyerwrittennoticetosucheffect(theAcceptanceNotice).IfSellershallfailtogivetheAcceptanceNoticewithinthetimeperiodprovided,SellershallbedeemedtohaveconsentedtotheproposedsaleandBuyermaysellitsinterestintheOfferedPropertyuponthepriceandtermsandconditionssetforthintheFirstOfferNoticeatanytimewithinsixmonthsoftheexpirationofthetimeperiodforthegivingoftheAcceptanceNotice;provided,however,thatBuyermayonly,duringsuchperiod,sellatanypriceequaltoorgreaterthan100percentthepricestatedintheFirstOfferNoticeandontermsnomorefavorabletothepurchaserthanthetermsincludedintheFirstOfferNotice.

 

3.IntheeventthatSellergivesBuyeranAcceptanceNotice,then,onsuchbusinessdayasSellershallsetforthintheAcceptanceNotice,whichshallbenotlessthan30daysnormorethan90daysafterthegivingoftheAcceptanceNotice,SellershallpurchasetheOfferedPropertyforthepurchasepricestatedintheFirstOfferNoticeandupontheothertermsandconditionsoftheFirstOfferNotice.TheclosingofthesaleshallbeheldintheofficesofTheCampbellGroup,Inc.,inPortland,_________(STATE),oratsuchotherplaceasthepartiestothesalemaymutuallyagree,onthedateselectedasprovidedabove.Attheclosing,BuyershalldelivertoSelleritsdeedintheformandsubjecttotheexceptionsstatedintheFirstOfferNotice.

 

4.NotwithstandinganythingtothecontraryinthisAgreement,ifanypartoftheOfferedPropertytobepurchasedbySellerpursuanttothisAgreementdoesnothavelegal,historical,orpracticalaccessrightssufficientfortimberharvestactivityinaccordancewiththencurrentindustrypracticesforNorthwestern_________(STATE),thensuchpurchaseshallinclude,whetherornotdescribedintheFirstOfferNoticeortheAcceptanceNoticewithrespectthereto,additionallandoreasementsprovidingforsuchrightsofwayforaccessandutilitiesoverreasonableroutesonorappurtenanttosuchOfferedPropertybutoverlandownedbyBuyerorentitiescontrolledbyBuyerasshallbenecessaryforSeller,itssuccessorsandassigns,tohavesuchaccess,inperpetuity,tothepurchasedOfferedProperty.NosucheasementsshallunreasonablyinterferewithBuyer’scurrentorcontemplatedforestryoperations.

 

5.TheprovisionsofthisAgreementshallnotapplytodiscretionarysalesbyBuyerandentitiescontrolledbyBuyerofnotmorethan_________acresintheaggregate,cuttingcontractsenteredintobyBuyerandentitiescontrolledbyBuyerofnotmorethan_________acresintheaggregate,noneofwhichshallhaveadurationinexcessof36months;transfersorleases(includingtheassignmentofexistingleases)ofmineralrights,includingbutnotlimitedtothetransferorleasingofgeologicalformationsusefulfortheundergroundstorageofnaturalgas,compressedair,andothergaseoussubstances;rightofwayeasementsgrantedintheordinarycourseofbusiness,changesofownershipbetweenBuyerandcontrolledentities,ordistributionsinkindtoownersofacontrolledentity(collectivelyExemptTransfersprovidedthatBuyershallgiveSellerwrittennoticeofeachproposedExemptTransferatleast30dayspriortotheconsummationofthetransferand;providedfurtherthatincaseofchangesofownershipbetweenBuyerandcontrolledentitiesordistributionsinkind,thepropertytransferredshallremainsubjecttotheprovisionsofthisAgreementandBuyershalldelivertoSellerawrittenacknowledgmentofthetransfereethatitisboundbytheprovisionsofthisAgreement.

 

6.Intheeventofasaletoathirdpartypursuanttoparagraph2oranexempttransfertoanindependentthirdpartypursuanttoparagraph5,Sellershall,attherequestofBuyer,executeandacknowledgeamemorandumforrecordingtoevidencethatthetransferredpropertyisnolongersubjecttoSeller’srightsunderthisAgreement.

 

7.ThepartiesshallcauseamemorandumofSeller’sRightofFirstOfferintheformofExhibitAattachedhereto,toberecordedintheofficialrecordsofColumbiaCounty,WashingtonCounty,ClatsopCounty,andTillamookCounty,_________(STATE).

 

8.Anyquestion,controversy,orclaimarisingunderorrelatingtothisAgreementshallbesettledbyarbitrationinaccordancewiththeprovisionsofSection9.2ofthePurchaseAgreement,exceptthatthearbitrationhearingshallbeheldinPortland,_________(STATE).

 

9.AnynoticestobedeliveredpursuanttothisAgreementwillbedeliveredasspecifiedinSection12.5ofthePurchaseAgreement.

 

10.ThisAgreementshallbebindingoneachbuyerunderthePurchaseAgreementcontrolledbyBuyer.SellermayrequireasaconditionofconveyanceofaportionoftheTimberlandPropertiestoanybuyercontrolledbyBuyerotherthanBuyer,thatsuchbuyerexecuteaninstrumentagreeingtobeboundbythetermsofthisAgreement.

 

INWITNESSWHEREOF,thepartiesheretohaveexecutedthisAgreementasofthedatefirstabovewritten.

 

RightofFirstRefusalAgreement优先取舍权协议-

THISAGREEMENTismadeasof_________,_________,_________(M/D/Y),amongAAA,Inc.,aDelawarecorporation(theCompany),andtheundersignedholdersofSeriesAPreferredStockoftheCompany(theStockholders).

 

WHEREAS,inconnectionwiththeCompany’sSeriesAPreferredStockfinancing,theCompanyhassoldsharesofitsSeriesAPreferredStocktotheStockholders;and

WHEREAS,theStockholdershaveagreedtogranttheCompanyaRightofFirstRefusalwithrespecttoallsharesoftheCompany’sPreferredStockorCommonStockownedbythemorissuedtotheminthefuturewithrespecttosuchsharesinanystockdividend,stocksplit,reclassificationorsimilarevent(theShares).

 

THEREFORE,theundersignedagreeasfollows:

 

1.Shares.UponclosingoftheSeriesAPreferredStockfinancingwiththeCompanypursuanttowhichtheStockholderspurchasesharesoftheCompany’sSeriesAPreferredStock,eachStockholderherebyseverallyrepresentsthatitownsthatnumberofsharesofPreferredStocksetforthoppositeitsnameonExhibitAtotheSeriesAPreferredStockPurchaseAgreementofevendateherewith.

 

2.Company’sRightofFirstRefusal.BeforeanySharesheldbyaStockholder(aSellingStockholder)oranytransferee(eitherbeingsometimesreferredtohereinastheHolder)maybesoldorotherwisetransferred(includingtransferbygiftoroperationoflaw),theCompanyoritsassignee(s)shallhavearightoffirstrefusaltopurchasetheSharesonthetermsandconditionssetforthinthisSection(theRightofFirstRefusal).

 

(a)NoticeofProposedTransfer.TheSellingStockholdershall(a)delivertotheCompanyawrittennotice(theNotice)stating:

(i)theSellingStockholder’sbonafideintentiontosellorotherwisetransfersuchShares;(ii)thenameofeachproposedpurchaserorothertransferee(ProposedTransferee(iii)thenumberofSharestobetransferredtoeachProposedTransferee;(iv)thebonafidecashpriceorotherconsiderationforwhichtheSellingStockholderproposestotransfertheShares(theOfferedPriceand(v)thematerialtermsandconditionsoftheproposedtransfer(theOfferTerms)and(b)offertheSharesattheOfferedPriceandontheOfferTermstotheCompanyoritsassignee(s).

 

(b)ExerciseofRightofFirstRefusal.Atanytimewithin30daysafterreceiptoftheNotice,theCompanyand/oritsassignee(s)may,bygivingwrittennoticetotheSellingStockholder,electtopurchaseall,butnotlessthanall,oftheSharesproposedtobetransferredtoanyoneormoreoftheProposedTransferees,atthepurchasepriceandonthetermsdeterminedinaccordancewithsubsection(c)below.

 

(c)PurchasePrice.Thepurchaseprice(PurchasePrice)fortheSharespurchasedbytheCompanyoritsassignee(s)underthisSectionshallbe

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