New York Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions of a stock purchase transaction. This agreement is between Vlasic Foods International, Inc. (the "Purchaser"), Money's Foods (U.S.) Ltd. (the "Seller"), and Money's Mushrooms, Ltd. (the "Target Company"). The purpose of this Agreement is for the Purchaser to acquire all outstanding shares of the Target Company's stock from the Seller. Here are key elements typically included in a New York Sample Stock Purchase Agreement: 1. Parties Involved: Clearly identify the Purchaser, Seller, and Target Company involved in the transaction. 2. Purchase Price: Define the purchase price for the stock, which can be a fixed amount, determined by valuation, or subject to negotiation. 3. Payment Terms: Specify the payment terms, including the method of payment, any installments, or any escrow arrangements. 4. Stock Transfer: Outline the transfer of stock ownership from the Seller to the Purchaser, including the number of shares being transferred. 5. Representations and Warranties: Mention the assurances made by both parties concerning their legal capacity, authority, and the accuracy of the provided information. 6. Conditions Precedent: List any conditions that must be fulfilled before the completion of the stock purchase. This may include regulatory approvals or consents. 7. Indemnification: Determine the indemnification rights and liabilities of both parties in case of breach of warranties, misrepresentation, or any other legal issues. 8. Confidentiality: Include clauses regarding the confidentiality of any sensitive information disclosed during the negotiation and execution of the agreement. 9. Governing Law: State that the agreement is governed by the laws of the state of New York, ensuring legal compliance within the jurisdiction. Different types of New York Sample Stock Purchase Agreements could include variations based on the specific nature of the transaction, such as: a) Asset Sale Agreement: If the transaction involves the sale of specific assets instead of stock, an Asset Sale Agreement may be used. b) Merger Agreement: If the transaction involves the merger of two or more companies, a Merger Agreement may be utilized. c) Leveraged Buyout Agreement: If the purchase is primarily financed through a significant amount of debt, a Leveraged Buyout Agreement may be necessary. d) Stock Option Purchase Agreement: If the purchase involves the acquisition of stock options rather than direct stock ownership, a Stock Option Purchase Agreement may be used. It is important to consult with legal professionals to ensure that the specific terms and conditions within the New York Sample Stock Purchase Agreement align with the parties' intentions and comply with applicable laws.