Texas 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: Texas Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders and Berkshire Laconic Community Foundation: A Comprehensive Overview Introduction: This article provides a detailed description of the Texas Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders and Berkshire Laconic Community Foundation. This amendment incorporates specific provisions within the agreement, aiming to address various aspects of the stock purchase transaction. It ensures transparency, compliance, and the fair allocation of rights between all parties involved. Overview of the Texas Sample Amendment: The Texas Sample Amendment to Stock Purchase Agreement aims to amend the existing stock purchase agreement between Wynn's International, Goshen Rubber Co., Inc. shareholders, and Berkshire Laconic Community Foundation. This legally binding document outlines specific modifications to the original agreement, thereby addressing any unforeseen changes or emerging requirements. Key Provisions and Amendments: 1. Purchased Stock Details: The amendment clarifies the identification and details of the stocks being transferred or acquired, ensuring accuracy and transparency in the transaction. 2. Purchase Price Modification: This section outlines any necessary adjustments to the original purchase price due to unforeseen circumstances or agreed-upon changes in valuation. 3. Payment Terms and Schedule: Any modifications related to payment terms, including the structure, timing, or mode of payment, are detailed in this section to ensure both parties are in agreement. 4. Conditions Precedent: This provision ensures that specific conditions must be fulfilled before the completion of the stock purchase, protecting both parties from any potential risks or uncertainties. 5. Representation and Warranties: The amendment incorporates any updates or adjustments to representations and warranties, ensuring that all information provided remains accurate and up to date. 6. Indemnification: This provision outlines the responsibilities and liabilities of all parties involved, specifying the rights to indemnification in case of any losses or damages incurred during or after the stock purchase. 7. Confidentiality: Any necessary changes to the confidentiality clause are addressed in this amendment, ensuring the continued protection of sensitive information shared during the stock purchase process. 8. Governing Law and Jurisdiction: This section identifies the governing law and jurisdiction related to the stock purchase agreement, providing clarity on the legal framework within which any disputes would be resolved. Additional Types of Texas Sample Amendments: 1. Amendment for Additional Stock Purchase: In the event that Wynn's International, Goshen Rubber Co., Inc., or Berkshire Laconic Community Foundation wishes to further increase their stock ownership, a separate amendment is required to regulate the additional purchase. 2. Amendment for Minority Shareholder Protection: If any minority shareholders require additional protections or rights, a distinct amendment would be tailored to address their specific concerns. 3. Amendment for Change of Control: In cases where a change of control within any involved entity occurs, an amendment may be necessary to ensure a smooth transition and to address any resulting modifications to the stock purchase agreement. Conclusion: The Texas Sample Amendment to Stock Purchase Agreement provides a flexible framework to address any modifications, adjustments, or unforeseen changes relevant to the original agreement between shareholders of Goshen Rubber Co., Inc. and Berkshire Laconic Community Foundation. This legally binding document protects the interests of all parties by ensuring transparency, compliance, and equitable treatment throughout the stock purchase transaction.

Title: Texas Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders and Berkshire Laconic Community Foundation: A Comprehensive Overview Introduction: This article provides a detailed description of the Texas Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders and Berkshire Laconic Community Foundation. This amendment incorporates specific provisions within the agreement, aiming to address various aspects of the stock purchase transaction. It ensures transparency, compliance, and the fair allocation of rights between all parties involved. Overview of the Texas Sample Amendment: The Texas Sample Amendment to Stock Purchase Agreement aims to amend the existing stock purchase agreement between Wynn's International, Goshen Rubber Co., Inc. shareholders, and Berkshire Laconic Community Foundation. This legally binding document outlines specific modifications to the original agreement, thereby addressing any unforeseen changes or emerging requirements. Key Provisions and Amendments: 1. Purchased Stock Details: The amendment clarifies the identification and details of the stocks being transferred or acquired, ensuring accuracy and transparency in the transaction. 2. Purchase Price Modification: This section outlines any necessary adjustments to the original purchase price due to unforeseen circumstances or agreed-upon changes in valuation. 3. Payment Terms and Schedule: Any modifications related to payment terms, including the structure, timing, or mode of payment, are detailed in this section to ensure both parties are in agreement. 4. Conditions Precedent: This provision ensures that specific conditions must be fulfilled before the completion of the stock purchase, protecting both parties from any potential risks or uncertainties. 5. Representation and Warranties: The amendment incorporates any updates or adjustments to representations and warranties, ensuring that all information provided remains accurate and up to date. 6. Indemnification: This provision outlines the responsibilities and liabilities of all parties involved, specifying the rights to indemnification in case of any losses or damages incurred during or after the stock purchase. 7. Confidentiality: Any necessary changes to the confidentiality clause are addressed in this amendment, ensuring the continued protection of sensitive information shared during the stock purchase process. 8. Governing Law and Jurisdiction: This section identifies the governing law and jurisdiction related to the stock purchase agreement, providing clarity on the legal framework within which any disputes would be resolved. Additional Types of Texas Sample Amendments: 1. Amendment for Additional Stock Purchase: In the event that Wynn's International, Goshen Rubber Co., Inc., or Berkshire Laconic Community Foundation wishes to further increase their stock ownership, a separate amendment is required to regulate the additional purchase. 2. Amendment for Minority Shareholder Protection: If any minority shareholders require additional protections or rights, a distinct amendment would be tailored to address their specific concerns. 3. Amendment for Change of Control: In cases where a change of control within any involved entity occurs, an amendment may be necessary to ensure a smooth transition and to address any resulting modifications to the stock purchase agreement. Conclusion: The Texas Sample Amendment to Stock Purchase Agreement provides a flexible framework to address any modifications, adjustments, or unforeseen changes relevant to the original agreement between shareholders of Goshen Rubber Co., Inc. and Berkshire Laconic Community Foundation. This legally binding document protects the interests of all parties by ensuring transparency, compliance, and equitable treatment throughout the stock purchase transaction.