Kentucky Sample Purchase Agreement between Tesoro Petroleum Corp., Tesoro Gas Resources Company, Inc. and EEX Operating, LLC regarding sale of all shares of capital stock

• Category: Corporations - Public - Purchase
• State: Multi-State
• Control #: US-EG-9210
• Format: Word; Rich Text

Description

Purchase Agreement between Tesoro Petroleum Corporation, Tesoro Gas Resources Company, Inc. and EEX Operating, LLC regarding the sale of all shares of capital stock Tesoro Petroleum Corporation and Tesoro Gas Resources Company, Inc. to EEX Operating, Title: Kentucky Sample Purchase Agreement for Sale of All Shares of Capital Stock between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC Keywords: Kentucky, Sample Purchase Agreement, Resort Petroleum Corp., Resort Gas Resources Company, Inc., EX Operating, sale of shares, capital stock 1. Introduction: In Kentucky, Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC have entered into a comprehensive Sample Purchase Agreement (hereinafter "Agreement") for the sale and transfer of all shares of capital stock. This Agreement outlines the terms and conditions governing the transaction to ensure a seamless transfer and protect the rights and interests of all parties involved. 2. Purpose: The purpose of this Kentucky Sample Purchase Agreement is to facilitate the purchase and sale of shares of capital stock from Resort Petroleum Corp., Resort Gas Resources Company, Inc., to EX Operating, LLC. The Agreement serves as a legal document that stipulates the rights, responsibilities, and obligations of each party throughout the sale process. 3. Parties: 3.1 Resort Petroleum Corp.: Resort Petroleum Corp., a well-established energy company based in Kentucky, is the seller in this agreement. The company holds and wishes to sell all shares of its capital stock as described in the Agreement. 3.2 Resort Gas Resources Company, Inc.: Resort Gas Resources Company, Inc., a wholly-owned subsidiary of Resort Petroleum Corp., is involved as a party to this agreement due to its direct ownership of the shares being sold. 3.3 EX Operating, LLC: EX Operating, LLC, representing the buyer's interest, is a reputable entity interested in acquiring all the capital stock shares of Resort Petroleum Corp. as per the terms of this Agreement. 4. Sale of Shares: 4.1 Purchase Price and Payment Terms: The Agreement sets forth the purchase price, which shall be paid by EX Operating, LLC to Resort Petroleum Corp. within the specified timeframe and via agreed-upon payment terms. 4.2 Transfer of Ownership: The Agreement stipulates the transfer of ownership of all shares to EX Operating, LLC upon fulfilling all obligations and payment requirements. It outlines the necessary steps to transfer shares legally and in compliance with Kentucky laws. 4.3 Representations and Warranties: The Agreement includes representations and warranties made by the seller to assure the buyer of the accurate state of affairs, operations, assets, liabilities, and any possible contingencies affecting the capital stock shares being sold. 5. Conditions Precedent: This section of the Agreement lists the conditions that should be satisfied before the transaction is considered complete. These may include regulatory approvals, third-party consents, and other essential requirements ensuring a smooth transfer of ownership. 6. Indemnification: To protect the parties involved, the Agreement provides indemnification clauses, delineating the responsibilities of each party regarding any claims, lawsuits, losses, or damages that may arise after the completion of the sale. 7. Governing Law and Dispute Resolution: This section addresses the governing law applicable to the Agreement in Kentucky and outlines the dispute resolution mechanism, including arbitration or mediation, to resolve any disputes amicably. Types of Kentucky Sample Purchase Agreements between the specified parties, including Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC, may vary based on the specific terms, conditions, and other contemplated provisions. These variations could arise due to factors such as the nature of the transaction, negotiations between the parties, or the industry-specific requirements.

Title: Kentucky Sample Purchase Agreement for Sale of All Shares of Capital Stock between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC Keywords: Kentucky, Sample Purchase Agreement, Resort Petroleum Corp., Resort Gas Resources Company, Inc., EX Operating, sale of shares, capital stock 1. Introduction: In Kentucky, Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC have entered into a comprehensive Sample Purchase Agreement (hereinafter "Agreement") for the sale and transfer of all shares of capital stock. This Agreement outlines the terms and conditions governing the transaction to ensure a seamless transfer and protect the rights and interests of all parties involved. 2. Purpose: The purpose of this Kentucky Sample Purchase Agreement is to facilitate the purchase and sale of shares of capital stock from Resort Petroleum Corp., Resort Gas Resources Company, Inc., to EX Operating, LLC. The Agreement serves as a legal document that stipulates the rights, responsibilities, and obligations of each party throughout the sale process. 3. Parties: 3.1 Resort Petroleum Corp.: Resort Petroleum Corp., a well-established energy company based in Kentucky, is the seller in this agreement. The company holds and wishes to sell all shares of its capital stock as described in the Agreement. 3.2 Resort Gas Resources Company, Inc.: Resort Gas Resources Company, Inc., a wholly-owned subsidiary of Resort Petroleum Corp., is involved as a party to this agreement due to its direct ownership of the shares being sold. 3.3 EX Operating, LLC: EX Operating, LLC, representing the buyer's interest, is a reputable entity interested in acquiring all the capital stock shares of Resort Petroleum Corp. as per the terms of this Agreement. 4. Sale of Shares: 4.1 Purchase Price and Payment Terms: The Agreement sets forth the purchase price, which shall be paid by EX Operating, LLC to Resort Petroleum Corp. within the specified timeframe and via agreed-upon payment terms. 4.2 Transfer of Ownership: The Agreement stipulates the transfer of ownership of all shares to EX Operating, LLC upon fulfilling all obligations and payment requirements. It outlines the necessary steps to transfer shares legally and in compliance with Kentucky laws. 4.3 Representations and Warranties: The Agreement includes representations and warranties made by the seller to assure the buyer of the accurate state of affairs, operations, assets, liabilities, and any possible contingencies affecting the capital stock shares being sold. 5. Conditions Precedent: This section of the Agreement lists the conditions that should be satisfied before the transaction is considered complete. These may include regulatory approvals, third-party consents, and other essential requirements ensuring a smooth transfer of ownership. 6. Indemnification: To protect the parties involved, the Agreement provides indemnification clauses, delineating the responsibilities of each party regarding any claims, lawsuits, losses, or damages that may arise after the completion of the sale. 7. Governing Law and Dispute Resolution: This section addresses the governing law applicable to the Agreement in Kentucky and outlines the dispute resolution mechanism, including arbitration or mediation, to resolve any disputes amicably. Types of Kentucky Sample Purchase Agreements between the specified parties, including Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC, may vary based on the specific terms, conditions, and other contemplated provisions. These variations could arise due to factors such as the nature of the transaction, negotiations between the parties, or the industry-specific requirements.