Share Repurchase Agreement Template

A company or company buys back its shares from the market because the company`s management believes that the shares currently on the market are undervalued. By buying back a portion of the shares, the company can increase the value of the remaining shares. SELLER ACKNOWLEDGES that it has all necessary authorizations to enter into and perform this Agreement, and Seller also acknowledges that it has taken all necessary entrepreneurial steps on the part of Seller, its respective directors and shareholders, necessary for seller`s authorization, execution, delivery and execution of this Agreement and the conclusion of the transaction provided for therein. 1.1 By the performance of this Agreement and by the power and instrument of irrevocable shares annexed to it as Annex A, the Seller thus sells to the Buyer the shares which are free from pre-emption rights or similar rights of third parties and are free and free from mortgages, pledges, rights of pledge, fees, warranty rights or other rights of third parties (excluding third party rights under the rights of third parties existing in the Agreement (the “Shareholders` Agreement”), if any, at a price per share of $US 14.50, for a total gross amount of US$ (the “Gross Underperformance”). The entity will subtract from gross underperformance a total amount of U.S. dollars (“exercise fee”) that the seller owes to the business for the exercise of options made by and between the business and the seller under a specified option allocation agreement; That is, the consideration is the gross consideration less the exercise fee, a total amount of US$ (the “Consideration”). In other words, the company sells its negotiable securities such as shares or bonds to a shareholder. As part of the transaction, the company undertakes to repurchase the negotiable securities at a later date. (b) From the conclusion of the transactions provided for in this Agreement, seller has the full and complete legal right, power and power to take and fulfill all its obligations under this Agreement and to sell and transfer the shares to buyer, as provided there. This Agreement, when exported and delivered by or on behalf of seller, constitutes seller`s valid and legally binding obligation, which, in accordance with its terms, is legally applicable to seller.

This share repurchase agreement (this “Agreement”) will be entered into effective December 10, 2019 by and between Primoris Services Corporation, a Delaware corporation (“Buyer”) and the Buyer`s shareholders listed in Schedule A (together the “Sellers”). Companies in the U.S. can choose from five primary methods for buying back shares or shares, including: A share buyback can be used as an alternative or, in addition to issuing dividends, as a way to give profits to shareholders. . . .