District of Columbia Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders and Berkshire Taconic Community Foundation

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• Control #: US-EG-9158
• Format: Word; Rich Text

Description

Amend. No. 1 to Stock Purch. Agr. btwn Wynn's International, Goshen Rubber Co., Inc., Wm. P. Johnson, shareholders & Berkshire Taconic Community Found. dated December 17, 1999. 9 pages Title: District of Columbia Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., Shareholders, and Berkshire Laconic Community Foundation Introduction: In the District of Columbia, a sample amendment to a stock purchase agreement serves as a legal instrument to modify the terms and conditions of a stock purchase agreement between Wynn's International, Goshen Rubber Co., Inc. and its shareholders, and Berkshire Laconic Community Foundation. This article presents a detailed description of the key elements and possible types of amendments applicable to such agreements. 1. Amendment Types: 1.1. Amendment to Sale Terms: This amendment type focuses on modifying the terms of the stock purchase agreement, such as the price, payment structure, or conditions precedent to the sale. 1.2. Amendment to Parties: This type of amendment involves changing or adding parties to the existing stock purchase agreement, allowing for the inclusion or exclusion of new shareholders or entities. 1.3. Amendment to Rights and Obligations: An amendment of this nature adjusts the rights and obligations of the parties involved, clarifying the responsibilities, indemnifications, or representations made by each party. 1.4. Amendment to Closing Conditions: This amendment type addresses conditions required to achieve a successful closing, such as revising deadlines, modifying contingencies, or satisfying regulatory requirements. 1.5. Amendment to Governing Law: Such an amendment pertains to changing the governing law that applies to the stock purchase agreement. In the context of the District of Columbia, this amendment may specify references to relevant laws and regulations. 2. Key Elements of the Amendment: 2.1. Parties: Clearly state the names and legal entities involved in the amendment, including their addresses, jurisdictions, and any additional necessary details. 2.2. Background and Recitals: Provide a brief background or context for the amendment, listing the original stock purchase agreement's execution date and purpose. Recapitulate any important understanding between the parties necessitating the amendment. 2.3. Amendment Provisions: Outline the specific changes being made to the original stock purchase agreement by referencing the clause numbers and provisions being affected. Clearly explain the modifications in detail, using appropriate legal language and terminology. 2.4. Consideration or Payment Terms: If the amendment entails any financial considerations, define the new payment terms, amounts, or structures involved, ensuring accuracy and clarity. 2.5. Effective Date and Execution: Specify the date when the amendment becomes effective and how the parties should execute or endorse the amendment formally. Outline any witnesses, notarization, or other required formalities. 2.6. Integration Clause: Include a clause emphasizing that the amendment forms an integrated part of the original stock purchase agreement, superseding any inconsistent elements. 3. Conclusion: This article has provided an overview of the District of Columbia Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. Understanding the different types of amendments and the key elements involved assists in ensuring the clarity, legality, and effectiveness of the modified stock purchase agreement. Seek professional legal advice before implementing any such amendments to ensure compliance with local laws and regulations.

Title: District of Columbia Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., Shareholders, and Berkshire Laconic Community Foundation Introduction: In the District of Columbia, a sample amendment to a stock purchase agreement serves as a legal instrument to modify the terms and conditions of a stock purchase agreement between Wynn's International, Goshen Rubber Co., Inc. and its shareholders, and Berkshire Laconic Community Foundation. This article presents a detailed description of the key elements and possible types of amendments applicable to such agreements. 1. Amendment Types: 1.1. Amendment to Sale Terms: This amendment type focuses on modifying the terms of the stock purchase agreement, such as the price, payment structure, or conditions precedent to the sale. 1.2. Amendment to Parties: This type of amendment involves changing or adding parties to the existing stock purchase agreement, allowing for the inclusion or exclusion of new shareholders or entities. 1.3. Amendment to Rights and Obligations: An amendment of this nature adjusts the rights and obligations of the parties involved, clarifying the responsibilities, indemnifications, or representations made by each party. 1.4. Amendment to Closing Conditions: This amendment type addresses conditions required to achieve a successful closing, such as revising deadlines, modifying contingencies, or satisfying regulatory requirements. 1.5. Amendment to Governing Law: Such an amendment pertains to changing the governing law that applies to the stock purchase agreement. In the context of the District of Columbia, this amendment may specify references to relevant laws and regulations. 2. Key Elements of the Amendment: 2.1. Parties: Clearly state the names and legal entities involved in the amendment, including their addresses, jurisdictions, and any additional necessary details. 2.2. Background and Recitals: Provide a brief background or context for the amendment, listing the original stock purchase agreement's execution date and purpose. Recapitulate any important understanding between the parties necessitating the amendment. 2.3. Amendment Provisions: Outline the specific changes being made to the original stock purchase agreement by referencing the clause numbers and provisions being affected. Clearly explain the modifications in detail, using appropriate legal language and terminology. 2.4. Consideration or Payment Terms: If the amendment entails any financial considerations, define the new payment terms, amounts, or structures involved, ensuring accuracy and clarity. 2.5. Effective Date and Execution: Specify the date when the amendment becomes effective and how the parties should execute or endorse the amendment formally. Outline any witnesses, notarization, or other required formalities. 2.6. Integration Clause: Include a clause emphasizing that the amendment forms an integrated part of the original stock purchase agreement, superseding any inconsistent elements. 3. Conclusion: This article has provided an overview of the District of Columbia Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. Understanding the different types of amendments and the key elements involved assists in ensuring the clarity, legality, and effectiveness of the modified stock purchase agreement. Seek professional legal advice before implementing any such amendments to ensure compliance with local laws and regulations.