This share purchase agreement (the “Agreement”) is entered into and entered into by and between each of the parties listed in Appendix A (a “Seller” and, jointly, the “Sellers”) and Rimini Street, Inc., a Delaware corporation (the “Buyer”), effective October 30, 2020 (the “Effective Date”). Sellers and buyer are collectively referred to as “parties”. All amounts shown ($) are expressed in U.S. dollars. The number of shares held by a shareholder determines his percentage of the company`s ownership and the payment of dividends for which they are eligible when the company pays dividends. The payment of a dividend is the money paid to shareholders and usually results from a distribution of a company`s annual profit. A common share is a type of share that is most often held by shareholders. A preferred share is usually a more valuable type of stock that can mean different things to a company depending on what was agreed upon when the company was founded. Preferred shares often do not have the right to vote. In addition, shareholders with preferred shares generally have priority over profits (or liquidation if this happens) over common shareholders. The fifth section titled “V.
Deposit” presents two checkbox options that can determine whether or not a deposit is required prior to purchase. One of them must be selected and applied so that the other can be discounted as unenforceable. If a deposit must be filed before the closing date, mark the “Necessary” box and note the dollar amount (numerically) of the expected deposit in the blank line after the dollar sign.