Minnesota 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 Minnesota Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders and Berkshire Laconic Community Foundation provides an effective framework for modifying the terms and conditions of a stock purchase agreement within the state of Minnesota. This type of legal document ensures that all parties involved in the transaction are in agreement about the modifications being made, thus protecting their rights and interests. Keywords: Minnesota, Sample Amendment, Stock Purchase Agreement, Wynn's International, Goshen Rubber Co., Inc., shareholders, Berkshire Laconic Community Foundation. 1. Introduction: The Minnesota Sample Amendment to Stock Purchase Agreement is a legally binding document utilized when the shareholders of Goshen Rubber Co., Inc. and Berkshire Laconic Community Foundation intend to modify the terms initially outlined in their stock purchase agreement with Wynn's International. This amendment ensures that the provisions are updated to reflect new circumstances or to resolve any ambiguities, helping to maintain transparency and safeguard the interests of all the parties involved. 2. Purpose: The purpose of this Minnesota Sample Amendment to Stock Purchase Agreement is to establish a clear understanding regarding the modifications made to the original agreement. It outlines the specific changes being proposed, such as adjustments in purchase price, revised delivery terms, modification of warranties, or amendments to the closing conditions. The purpose of this document is to avoid any misunderstandings or disputes by formalizing the mutually agreed-upon changes. 3. Key Components: a. Parties Involved: The amendment lists the relevant parties to the agreement, including Wynn's International, Goshen Rubber Co., Inc., and Berkshire Laconic Community Foundation. It specifies their roles, responsibilities, and rights throughout the amendment process. b. Background: This section briefly summarizes the original stock purchase agreement, including its date, parties, and key provisions. c. Amendment Provisions: The main body of the document outlines the proposed amendments in detail. These may include modifications to purchase price, representations and warranties, indemnification, disclosure obligations, or any other terms relevant to the stock purchase agreement. d. Effective Date: The amendment establishes the date on which the modified terms become effective, ensuring clarity and understanding among all parties. e. Governing Law: This section specifies that the laws of the state of Minnesota govern the interpretation and enforcement of the amendment. f. Signatures: This section includes spaces for the signatures of authorized representatives of all parties, indicating their agreement and acceptance of the modified terms. Types of Minnesota Sample Amendment to Stock Purchase Agreement: 1. Pricing Amendment: This amendment focuses on modifying the purchase price specified in the original stock purchase agreement due to changes in market conditions or other factors affecting the valuation. 2. Indemnification Amendment: This type of amendment addresses adjustments in the indemnification provisions, such as expanding or limiting the scope of indemnity obligations or changing the indemnification period. 3. Delivery Terms Amendment: This amendment aims to modify the delivery terms, such as adjusting the locations, methods, or timelines for delivering shares between parties involved in the stock purchase agreement. In conclusion, the Minnesota Sample Amendment to Stock Purchase Agreement is a crucial document for stakeholders involved in modifying the terms of an existing stock purchase agreement. It ensures clarity, protection, and fairness for all parties, allowing them to adapt the agreement to changing circumstances while maintaining legal integrity.

Minnesota Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders and Berkshire Laconic Community Foundation provides an effective framework for modifying the terms and conditions of a stock purchase agreement within the state of Minnesota. This type of legal document ensures that all parties involved in the transaction are in agreement about the modifications being made, thus protecting their rights and interests. Keywords: Minnesota, Sample Amendment, Stock Purchase Agreement, Wynn's International, Goshen Rubber Co., Inc., shareholders, Berkshire Laconic Community Foundation. 1. Introduction: The Minnesota Sample Amendment to Stock Purchase Agreement is a legally binding document utilized when the shareholders of Goshen Rubber Co., Inc. and Berkshire Laconic Community Foundation intend to modify the terms initially outlined in their stock purchase agreement with Wynn's International. This amendment ensures that the provisions are updated to reflect new circumstances or to resolve any ambiguities, helping to maintain transparency and safeguard the interests of all the parties involved. 2. Purpose: The purpose of this Minnesota Sample Amendment to Stock Purchase Agreement is to establish a clear understanding regarding the modifications made to the original agreement. It outlines the specific changes being proposed, such as adjustments in purchase price, revised delivery terms, modification of warranties, or amendments to the closing conditions. The purpose of this document is to avoid any misunderstandings or disputes by formalizing the mutually agreed-upon changes. 3. Key Components: a. Parties Involved: The amendment lists the relevant parties to the agreement, including Wynn's International, Goshen Rubber Co., Inc., and Berkshire Laconic Community Foundation. It specifies their roles, responsibilities, and rights throughout the amendment process. b. Background: This section briefly summarizes the original stock purchase agreement, including its date, parties, and key provisions. c. Amendment Provisions: The main body of the document outlines the proposed amendments in detail. These may include modifications to purchase price, representations and warranties, indemnification, disclosure obligations, or any other terms relevant to the stock purchase agreement. d. Effective Date: The amendment establishes the date on which the modified terms become effective, ensuring clarity and understanding among all parties. e. Governing Law: This section specifies that the laws of the state of Minnesota govern the interpretation and enforcement of the amendment. f. Signatures: This section includes spaces for the signatures of authorized representatives of all parties, indicating their agreement and acceptance of the modified terms. Types of Minnesota Sample Amendment to Stock Purchase Agreement: 1. Pricing Amendment: This amendment focuses on modifying the purchase price specified in the original stock purchase agreement due to changes in market conditions or other factors affecting the valuation. 2. Indemnification Amendment: This type of amendment addresses adjustments in the indemnification provisions, such as expanding or limiting the scope of indemnity obligations or changing the indemnification period. 3. Delivery Terms Amendment: This amendment aims to modify the delivery terms, such as adjusting the locations, methods, or timelines for delivering shares between parties involved in the stock purchase agreement. In conclusion, the Minnesota Sample Amendment to Stock Purchase Agreement is a crucial document for stakeholders involved in modifying the terms of an existing stock purchase agreement. It ensures clarity, protection, and fairness for all parties, allowing them to adapt the agreement to changing circumstances while maintaining legal integrity.