Oklahoma 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: Oklahoma Sample Amendment to Stock Purchase Agreement: A Detailed Description of Wynn's International, Goshen Rubber Co., Inc., Shareholders, and Berkshire Laconic Community Foundation Introduction: An Oklahoma Sample Amendment to Stock Purchase Agreement brings together key entities like Wynn's International, Goshen Rubber Co., Inc., and the Berkshire Laconic Community Foundation. This document outlines the necessary modifications to the original stock purchase agreement while ensuring legal compliance. In this article, we explore the components and potential variations of this amendment. 1. The Parties Involved: The Oklahoma Sample Amendment to Stock Purchase Agreement involves three primary parties: a) Wynn's International: A leading company specializing in automotive aftermarket products, Wynn's International holds a significant stake in the stock purchase agreement. b) Goshen Rubber Co., Inc.: A prominent rubber manufacturing company, Goshen Rubber Co., Inc., is the entity whose stock is being purchased in this agreement. c) Berkshire Laconic Community Foundation: As a non-profit philanthropic institution serving the Berkshire Laconic Region, the foundation plays a crucial role in facilitating the stock purchase. 2. Purpose of the Amendment: The Sample Amendment serves to introduce several modifications to the original Stock Purchase Agreement. The key objectives may include: a) Alterations to Purchase Price: The amendment allows for changes to the original purchase price stipulated in the agreement, considering adjustments or revised valuations. b) Additional Terms and Conditions: The amendment may incorporate new terms and conditions relevant to the stock purchase agreement, such as post-closing requirements, warranties, representations, or indemnification clauses. c) Changes to Closing Date: The amendment enables the parties to agree upon an alternate or revised closing date, accommodating unforeseen circumstances or delays. d) Modifications to Shareholder Obligations: When necessary, this amendment can address changes to shareholder obligations, such as rights, responsibilities, and restrictions associated with the stock purchase. 3. Types of Amendments: Based on the specific needs and circumstances of Wynn's International, Goshen Rubber Co., Inc., and the Berkshire Laconic Community Foundation, various types of amendments can be incorporated. Some notable versions are: a) Price Amendment: This amendment primarily focuses on altering the purchase price associated with the stock transaction based on market valuation changes, additional investments, or financial adjustments. b) Post-Closing Amendment: When either party requests modifications to post-closing obligations, timelines, representations and warranties, or indemnification clauses, a post-closing amendment is employed. c) Extension or Rescheduling Amendment: In cases where the parties require more time to fulfill certain conditions precedent or meet regulatory requirements, an extension or rescheduling amendment allows for the necessary adjustments to the closing date. d) Minority Shareholder Amendment: If the stock purchase involves minority shareholders who require additional provisions, protection, or dissenting rights, a minority shareholder amendment can be included. Conclusion: The Oklahoma Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and the Berkshire Laconic Community Foundation serves as a crucial legal instrument that allows for modifications to the original agreement, ensuring transparency, compliance, and the smooth execution of the stock purchase. Through various interchangeable amendments, all parties involved can tailor the agreement to meet their specific requirements while safeguarding their respective interests.

Title: Oklahoma Sample Amendment to Stock Purchase Agreement: A Detailed Description of Wynn's International, Goshen Rubber Co., Inc., Shareholders, and Berkshire Laconic Community Foundation Introduction: An Oklahoma Sample Amendment to Stock Purchase Agreement brings together key entities like Wynn's International, Goshen Rubber Co., Inc., and the Berkshire Laconic Community Foundation. This document outlines the necessary modifications to the original stock purchase agreement while ensuring legal compliance. In this article, we explore the components and potential variations of this amendment. 1. The Parties Involved: The Oklahoma Sample Amendment to Stock Purchase Agreement involves three primary parties: a) Wynn's International: A leading company specializing in automotive aftermarket products, Wynn's International holds a significant stake in the stock purchase agreement. b) Goshen Rubber Co., Inc.: A prominent rubber manufacturing company, Goshen Rubber Co., Inc., is the entity whose stock is being purchased in this agreement. c) Berkshire Laconic Community Foundation: As a non-profit philanthropic institution serving the Berkshire Laconic Region, the foundation plays a crucial role in facilitating the stock purchase. 2. Purpose of the Amendment: The Sample Amendment serves to introduce several modifications to the original Stock Purchase Agreement. The key objectives may include: a) Alterations to Purchase Price: The amendment allows for changes to the original purchase price stipulated in the agreement, considering adjustments or revised valuations. b) Additional Terms and Conditions: The amendment may incorporate new terms and conditions relevant to the stock purchase agreement, such as post-closing requirements, warranties, representations, or indemnification clauses. c) Changes to Closing Date: The amendment enables the parties to agree upon an alternate or revised closing date, accommodating unforeseen circumstances or delays. d) Modifications to Shareholder Obligations: When necessary, this amendment can address changes to shareholder obligations, such as rights, responsibilities, and restrictions associated with the stock purchase. 3. Types of Amendments: Based on the specific needs and circumstances of Wynn's International, Goshen Rubber Co., Inc., and the Berkshire Laconic Community Foundation, various types of amendments can be incorporated. Some notable versions are: a) Price Amendment: This amendment primarily focuses on altering the purchase price associated with the stock transaction based on market valuation changes, additional investments, or financial adjustments. b) Post-Closing Amendment: When either party requests modifications to post-closing obligations, timelines, representations and warranties, or indemnification clauses, a post-closing amendment is employed. c) Extension or Rescheduling Amendment: In cases where the parties require more time to fulfill certain conditions precedent or meet regulatory requirements, an extension or rescheduling amendment allows for the necessary adjustments to the closing date. d) Minority Shareholder Amendment: If the stock purchase involves minority shareholders who require additional provisions, protection, or dissenting rights, a minority shareholder amendment can be included. Conclusion: The Oklahoma Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and the Berkshire Laconic Community Foundation serves as a crucial legal instrument that allows for modifications to the original agreement, ensuring transparency, compliance, and the smooth execution of the stock purchase. Through various interchangeable amendments, all parties involved can tailor the agreement to meet their specific requirements while safeguarding their respective interests.