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A Stock Purchase Agreement (SPA) is a contract between a seller and a buyer for the ownership of company shares. It outlines key details such as the number of shares, the price per share, and the transaction date. For private entities, buyers are entitled to a due diligence period, while purchasers of public stocks are protected under the Securities Act of 1933. The agreement may also address different classes of stock, which can have varying voting rights, allowing specific groups to influence company decisions. For instance, Class A stock permits three votes per share, Class B allows two, and Class C provides one vote per share. Key components of an SPA must be defined in detail.