South Dakota 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 South Dakota Sample Amendment to Stock Purchase Agreement: This is a detailed description of a South Dakota Sample Amendment to the Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. The amendment aims to modify the terms and conditions of the stock purchase agreement as agreed upon by the parties involved. The amendment is drafted specifically for transactions taking place within the jurisdiction of South Dakota, ensuring compliance with local legal requirements. The South Dakota Sample Amendment to Stock Purchase Agreement includes various important provisions, such as: 1. Parties: Clearly identifies the involved parties, namely Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. 2. Amendment Purpose: Clearly states the purpose of the amendment, which could be to alter purchase price, modify the timelines, redefine shareholding percentages, or any other revisions mutually agreed upon. 3. Defining the Original Agreement: Outlines the key terms of the original stock purchase agreement, providing a clear reference for understanding the context and changes being made. 4. Amendment Terms: Presents the specific modifications agreed upon by the parties, ensuring precise and concise language for clarity. 5. Mutual Agreement: Verifies that the amendment is mutually agreed upon by all parties involved and represents their intention to amend the original agreement. 6. Governing Law: States that the amendment is subject to the laws of South Dakota, establishing the legal framework for its enforceability and interpretation. 7. Execution: Provides space for signatures and dates to formalize the agreement amongst the parties involved. Types of South Dakota Sample Amendment to Stock Purchase Agreement: 1. Purchase Price Amendment: This type of amendment typically seeks to adjust the purchase price agreed upon in the original stock purchase agreement. It could be due to changes in the company's financials, market conditions, or other factors influencing the valuation at the time of closing the transaction. 2. Timeline Modification: This type of amendment allows for adjustments to the timeline originally set for completing the stock purchase agreement. Parties may require additional time to fulfill specific conditions precedent, due diligence, regulatory approvals, or any other circumstances arising during the transaction. 3. Shareholding Percentage Revision: This amendment type focuses on altering the ownership structure agreed upon in the original agreement. It could involve changes in the number of shares being purchased, distribution of shares amongst shareholders, or revising the percentage of ownership held by each party. 4. Representation and Warranty Amendments: This type of amendment adds or modifies representations and warranties made by the involved parties during the stock purchase agreement. Parties may opt to refine or alter their previously agreed-upon obligations, disclosures, or risk allocations. These are just a few examples of the different types of South Dakota Sample Amendments to a Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. It is important to consult with legal professionals to ensure that specific circumstances and requirements are met to execute a valid and enforceable amendment.

South Dakota Sample Amendment to Stock Purchase Agreement: This is a detailed description of a South Dakota Sample Amendment to the Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. The amendment aims to modify the terms and conditions of the stock purchase agreement as agreed upon by the parties involved. The amendment is drafted specifically for transactions taking place within the jurisdiction of South Dakota, ensuring compliance with local legal requirements. The South Dakota Sample Amendment to Stock Purchase Agreement includes various important provisions, such as: 1. Parties: Clearly identifies the involved parties, namely Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. 2. Amendment Purpose: Clearly states the purpose of the amendment, which could be to alter purchase price, modify the timelines, redefine shareholding percentages, or any other revisions mutually agreed upon. 3. Defining the Original Agreement: Outlines the key terms of the original stock purchase agreement, providing a clear reference for understanding the context and changes being made. 4. Amendment Terms: Presents the specific modifications agreed upon by the parties, ensuring precise and concise language for clarity. 5. Mutual Agreement: Verifies that the amendment is mutually agreed upon by all parties involved and represents their intention to amend the original agreement. 6. Governing Law: States that the amendment is subject to the laws of South Dakota, establishing the legal framework for its enforceability and interpretation. 7. Execution: Provides space for signatures and dates to formalize the agreement amongst the parties involved. Types of South Dakota Sample Amendment to Stock Purchase Agreement: 1. Purchase Price Amendment: This type of amendment typically seeks to adjust the purchase price agreed upon in the original stock purchase agreement. It could be due to changes in the company's financials, market conditions, or other factors influencing the valuation at the time of closing the transaction. 2. Timeline Modification: This type of amendment allows for adjustments to the timeline originally set for completing the stock purchase agreement. Parties may require additional time to fulfill specific conditions precedent, due diligence, regulatory approvals, or any other circumstances arising during the transaction. 3. Shareholding Percentage Revision: This amendment type focuses on altering the ownership structure agreed upon in the original agreement. It could involve changes in the number of shares being purchased, distribution of shares amongst shareholders, or revising the percentage of ownership held by each party. 4. Representation and Warranty Amendments: This type of amendment adds or modifies representations and warranties made by the involved parties during the stock purchase agreement. Parties may opt to refine or alter their previously agreed-upon obligations, disclosures, or risk allocations. These are just a few examples of the different types of South Dakota Sample Amendments to a Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. It is important to consult with legal professionals to ensure that specific circumstances and requirements are met to execute a valid and enforceable amendment.