New York 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: New York Sample Purchase Agreement for Sale of All Shares of Capital Stock Keywords: New York, Sample Purchase Agreement, Resort Petroleum Corp., Resort Gas Resources Company, Inc., EX Operating, LLC, sale of shares, capital stock Introduction: This article presents a detailed description of a New York Sample Purchase Agreement, which entails the sale of all shares of capital stock. The parties involved in this agreement are Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC. While this article focuses on the primary agreement, different types of New York Sample Purchase Agreements between these entities can also be explored. Content: 1. New York Sample Purchase Agreement Overview: The New York Sample Purchase Agreement is a legal document entered into by Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC. It aims to facilitate the sale of all shares of capital stock between the parties involved. 2. Parties Involved: a. Resort Petroleum Corp.: Resort Petroleum Corp. is a prominent petroleum refining and marketing company headquartered in New York. They are actively involved in the exploration, production, refining, and marketing of petroleum products. b. Resort Gas Resources Company, Inc.: Resort Gas Resources Company, Inc. is a subsidiary corporation of Resort Petroleum Corp. It focuses primarily on the acquisition, development, and exploration of oil and gas properties. c. EX Operating, LLC: EX Operating, LLC is a business entity specializing in energy exploration, production, and development. They commonly engage in the acquisition and operation of oil and gas properties. 3. Objective of the Agreement: The New York Sample Purchase Agreement aims to establish the terms and conditions under which Resort Petroleum Corp. and Resort Gas Resources Company, Inc. will sell all shares of their capital stock to EX Operating, LLC. This agreement operates as a legally binding contract, ensuring the rights and obligations of all parties involved. 4. Key Provisions of the Agreement: a. Purchase Price and Payment Terms: The Agreement specifies the agreed-upon purchase price for the shares of capital stock and outlines the payment terms, including any installments, milestones, or additional considerations. b. Representations and Warranties: This section contains statements made by the parties involved regarding the accuracy, completeness, and legality of the transaction. It serves to protect the buyer from any undisclosed liabilities or misrepresentations by the sellers. c. Closing and Conditions Precedent: The Agreement outlines the conditions that must be fulfilled before the sale is considered complete, such as obtaining necessary regulatory approvals and the absence of any material adverse change affecting the businesses being sold. d. Indemnification and Liability: This section defines the extent to which the parties involved will be responsible for any potential losses, damages, or claims arising before or after the closing date. 5. Different Types of New York Sample Purchase Agreements: While this article focuses on a general New York Sample Purchase Agreement for the sale of all shares of capital stock, other types of purchase agreements can be considered based on specific transactional requirements or variations in the terms and conditions. These may include asset purchase agreements, stock purchase agreements, or merger agreements depending on the nature of the business transfer. Conclusion: The New York Sample Purchase Agreement for the sale of all shares of capital stock between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC establishes the legal framework for the transaction. It outlines the rights, obligations, and terms agreed upon by the parties involved, ensuring a smooth and lawful transfer of ownership.

Title: New York Sample Purchase Agreement for Sale of All Shares of Capital Stock Keywords: New York, Sample Purchase Agreement, Resort Petroleum Corp., Resort Gas Resources Company, Inc., EX Operating, LLC, sale of shares, capital stock Introduction: This article presents a detailed description of a New York Sample Purchase Agreement, which entails the sale of all shares of capital stock. The parties involved in this agreement are Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC. While this article focuses on the primary agreement, different types of New York Sample Purchase Agreements between these entities can also be explored. Content: 1. New York Sample Purchase Agreement Overview: The New York Sample Purchase Agreement is a legal document entered into by Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC. It aims to facilitate the sale of all shares of capital stock between the parties involved. 2. Parties Involved: a. Resort Petroleum Corp.: Resort Petroleum Corp. is a prominent petroleum refining and marketing company headquartered in New York. They are actively involved in the exploration, production, refining, and marketing of petroleum products. b. Resort Gas Resources Company, Inc.: Resort Gas Resources Company, Inc. is a subsidiary corporation of Resort Petroleum Corp. It focuses primarily on the acquisition, development, and exploration of oil and gas properties. c. EX Operating, LLC: EX Operating, LLC is a business entity specializing in energy exploration, production, and development. They commonly engage in the acquisition and operation of oil and gas properties. 3. Objective of the Agreement: The New York Sample Purchase Agreement aims to establish the terms and conditions under which Resort Petroleum Corp. and Resort Gas Resources Company, Inc. will sell all shares of their capital stock to EX Operating, LLC. This agreement operates as a legally binding contract, ensuring the rights and obligations of all parties involved. 4. Key Provisions of the Agreement: a. Purchase Price and Payment Terms: The Agreement specifies the agreed-upon purchase price for the shares of capital stock and outlines the payment terms, including any installments, milestones, or additional considerations. b. Representations and Warranties: This section contains statements made by the parties involved regarding the accuracy, completeness, and legality of the transaction. It serves to protect the buyer from any undisclosed liabilities or misrepresentations by the sellers. c. Closing and Conditions Precedent: The Agreement outlines the conditions that must be fulfilled before the sale is considered complete, such as obtaining necessary regulatory approvals and the absence of any material adverse change affecting the businesses being sold. d. Indemnification and Liability: This section defines the extent to which the parties involved will be responsible for any potential losses, damages, or claims arising before or after the closing date. 5. Different Types of New York Sample Purchase Agreements: While this article focuses on a general New York Sample Purchase Agreement for the sale of all shares of capital stock, other types of purchase agreements can be considered based on specific transactional requirements or variations in the terms and conditions. These may include asset purchase agreements, stock purchase agreements, or merger agreements depending on the nature of the business transfer. Conclusion: The New York Sample Purchase Agreement for the sale of all shares of capital stock between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC establishes the legal framework for the transaction. It outlines the rights, obligations, and terms agreed upon by the parties involved, ensuring a smooth and lawful transfer of ownership.