Florida Sample Stock Purchase Agreement between Greystone Funding Corporation and Schick Technologies, Inc.

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• Control #: US-EG-9228
• Format: Word; Rich Text

Description

Stock Purchase Agreement between Greystone Funding Corporation and Schick Technologies, Inc. regarding the purchase of outstanding capital stock dated December 27, 1999. 7 pages. Title: Florida Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. Introduction: This document serves as a template for a Stock Purchase Agreement between Grey stone Funding Corporation (Buyer) and Schick Technologies, Inc. (Seller) in the state of Florida. It outlines the terms and conditions under which the Buyer will purchase the Seller's stock. Below is a detailed description of the agreement, highlighting the relevant keywords associated with it. 1. Agreement Details: The Agreement defines the parties involved, their legal names, and addresses. It establishes the effective date of the agreement and the jurisdiction in which it is valid. 2. Stock Purchase: This section covers the specifics of the stock purchase, including the number of shares, series, and classes being sold. It also outlines any restrictions on transferability, if applicable. 3. Purchase Price: The Purchase Price clause describes the agreed-upon value for the stock being purchased and the payment terms. It may include financial adjustments, warranties, indemnification, or earn-out provisions. 4. Closing: This section outlines the closing procedure, including the date, time, and location. It may specify certain conditions precedent to the closing, such as regulatory approvals or consents. 5. Representations and Warranties: Both parties make various representations and warranties related to their authority, legal capacity, stock ownership, financial statements, taxes, and compliance with laws and regulations. 6. Covenants: The Covenants section includes obligations and commitments made by both parties before and after the closing of the stock purchase. These may include confidentiality, non-compete clauses, access to information, and cooperation for smooth transition. 7. Indemnification: This clause outlines the indemnification rights and obligations of the Buyer and Seller in the event of any breach of representations, warranties, or other provisions of the agreement. 8. Governing Law and Dispute Resolution: The choice of law and the method of dispute resolution are stated here, specifying that the laws of the state of Florida govern the agreement and that any disputes will be resolved through arbitration or litigation. Types of Florida Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc.: 1. Basic Stock Purchase Agreement: This is the standard agreement covering the primary terms and conditions of the stock purchase between the Buyer and Seller. 2. Stock Purchase Agreement with Earn-Out Provisions: This agreement includes additional provisions to determine future payments based on the performance of the acquired company, often used when the Seller continues to be involved in the business. 3. Stock Purchase Agreement with Non-Compete Clauses: In this type of agreement, the Seller agrees not to compete directly or indirectly with the buyer's business for a specific period, ensuring protection of the buyer's interests. Conclusion: The Florida Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. provides a comprehensive framework for the purchase of stock. It addresses key aspects of the transaction, such as purchase price, closing procedures, representations and warranties, covenants, indemnification, governing law, and dispute resolution. Different types of agreements based on specific requirements — basic, with earn-out provisions, and non-compete clauses — can be executed to suit the needs of both parties.

Title: Florida Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. Introduction: This document serves as a template for a Stock Purchase Agreement between Grey stone Funding Corporation (Buyer) and Schick Technologies, Inc. (Seller) in the state of Florida. It outlines the terms and conditions under which the Buyer will purchase the Seller's stock. Below is a detailed description of the agreement, highlighting the relevant keywords associated with it. 1. Agreement Details: The Agreement defines the parties involved, their legal names, and addresses. It establishes the effective date of the agreement and the jurisdiction in which it is valid. 2. Stock Purchase: This section covers the specifics of the stock purchase, including the number of shares, series, and classes being sold. It also outlines any restrictions on transferability, if applicable. 3. Purchase Price: The Purchase Price clause describes the agreed-upon value for the stock being purchased and the payment terms. It may include financial adjustments, warranties, indemnification, or earn-out provisions. 4. Closing: This section outlines the closing procedure, including the date, time, and location. It may specify certain conditions precedent to the closing, such as regulatory approvals or consents. 5. Representations and Warranties: Both parties make various representations and warranties related to their authority, legal capacity, stock ownership, financial statements, taxes, and compliance with laws and regulations. 6. Covenants: The Covenants section includes obligations and commitments made by both parties before and after the closing of the stock purchase. These may include confidentiality, non-compete clauses, access to information, and cooperation for smooth transition. 7. Indemnification: This clause outlines the indemnification rights and obligations of the Buyer and Seller in the event of any breach of representations, warranties, or other provisions of the agreement. 8. Governing Law and Dispute Resolution: The choice of law and the method of dispute resolution are stated here, specifying that the laws of the state of Florida govern the agreement and that any disputes will be resolved through arbitration or litigation. Types of Florida Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc.: 1. Basic Stock Purchase Agreement: This is the standard agreement covering the primary terms and conditions of the stock purchase between the Buyer and Seller. 2. Stock Purchase Agreement with Earn-Out Provisions: This agreement includes additional provisions to determine future payments based on the performance of the acquired company, often used when the Seller continues to be involved in the business. 3. Stock Purchase Agreement with Non-Compete Clauses: In this type of agreement, the Seller agrees not to compete directly or indirectly with the buyer's business for a specific period, ensuring protection of the buyer's interests. Conclusion: The Florida Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. provides a comprehensive framework for the purchase of stock. It addresses key aspects of the transaction, such as purchase price, closing procedures, representations and warranties, covenants, indemnification, governing law, and dispute resolution. Different types of agreements based on specific requirements — basic, with earn-out provisions, and non-compete clauses — can be executed to suit the needs of both parties.