Illinois 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: Illinois Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., Shareholders, and Berkshire Laconic Community Foundation Introduction: An Illinois Sample Amendment to Stock Purchase Agreement is a legally binding document that serves as an addendum to an existing stock purchase agreement between Wynn's International, Goshen Rubber Co., Inc., and Berkshire Laconic Community Foundation. This amendment outlines specific changes, additions, or modifications to the original agreement and must comply with the laws and regulations of the state of Illinois. 1. Amendment Terms and Conditions: This section of the Illinois Sample Amendment to Stock Purchase Agreement clarifies the terms and conditions under which the amendment is being made. It may include details such as the effective date of the amendment, parties involved, and reference to the original stock purchase agreement. 2. Supplemental Agreement: In some cases, parties may opt for a supplemental agreement instead of an amendment. This detailed provision outlines the parties' intent to operate the stock purchase agreement alongside it, rather than modifying the original agreement directly. 3. Parties' Consent: The amendment requires consensus among all parties involved, namely Wynn's International, Goshen Rubber Co., Inc., and Berkshire Laconic Community Foundation. This section confirms their explicit agreement to the amendment and their intent to fulfill their obligations accordingly. 4. Amendment Provisions: This part highlights the specific changes being made to the original stock purchase agreement. It may cover elements such as a revised purchase price, modification of warranties, adjustments to closing conditions, changes in representations and warranties, or alterations to indemnification provisions. Each amendment provision is thoroughly described with precise language to ensure clarity and prevent future disputes. 5. Governing Law and Jurisdiction: In accordance with Illinois state laws, this section specifies that the amendment is subject to the jurisdiction of Illinois courts and will be construed and enforced in accordance with Illinois law. 6. Counterparts and Execution: To ensure validity, this section describes how multiple counterparts of the amendment may be executed, allowing each party to sign separate copies. It also clarifies that all counterparts shall collectively serve as a single agreement. Conclusion: The Illinois Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation is a crucial legal document that enables the modification of particular terms within an existing stock purchase agreement. By complying with the laws and regulations of Illinois, this amendment aims to address specific needs, resolve disputes, and maintain transparency and fairness among the involved parties.

Title: Illinois Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., Shareholders, and Berkshire Laconic Community Foundation Introduction: An Illinois Sample Amendment to Stock Purchase Agreement is a legally binding document that serves as an addendum to an existing stock purchase agreement between Wynn's International, Goshen Rubber Co., Inc., and Berkshire Laconic Community Foundation. This amendment outlines specific changes, additions, or modifications to the original agreement and must comply with the laws and regulations of the state of Illinois. 1. Amendment Terms and Conditions: This section of the Illinois Sample Amendment to Stock Purchase Agreement clarifies the terms and conditions under which the amendment is being made. It may include details such as the effective date of the amendment, parties involved, and reference to the original stock purchase agreement. 2. Supplemental Agreement: In some cases, parties may opt for a supplemental agreement instead of an amendment. This detailed provision outlines the parties' intent to operate the stock purchase agreement alongside it, rather than modifying the original agreement directly. 3. Parties' Consent: The amendment requires consensus among all parties involved, namely Wynn's International, Goshen Rubber Co., Inc., and Berkshire Laconic Community Foundation. This section confirms their explicit agreement to the amendment and their intent to fulfill their obligations accordingly. 4. Amendment Provisions: This part highlights the specific changes being made to the original stock purchase agreement. It may cover elements such as a revised purchase price, modification of warranties, adjustments to closing conditions, changes in representations and warranties, or alterations to indemnification provisions. Each amendment provision is thoroughly described with precise language to ensure clarity and prevent future disputes. 5. Governing Law and Jurisdiction: In accordance with Illinois state laws, this section specifies that the amendment is subject to the jurisdiction of Illinois courts and will be construed and enforced in accordance with Illinois law. 6. Counterparts and Execution: To ensure validity, this section describes how multiple counterparts of the amendment may be executed, allowing each party to sign separate copies. It also clarifies that all counterparts shall collectively serve as a single agreement. Conclusion: The Illinois Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation is a crucial legal document that enables the modification of particular terms within an existing stock purchase agreement. By complying with the laws and regulations of Illinois, this amendment aims to address specific needs, resolve disputes, and maintain transparency and fairness among the involved parties.