Kings New York 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
• County: Kings
• 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: Kings New York Sample Amendment to Stock Purchase Agreement Explained Introduction: The Kings New York Sample Amendment to Stock Purchase Agreement is a significant legal document that details modifications made to the original agreement between shareholders of Goshen Rubber Co., Inc. and Berkshire Laconic Community Foundation (BCF). This detailed description aims to provide an overview of the various types of amendments that can be made to the Stock Purchase Agreement using relevant keywords. Amendment Types: 1. Purchase Price Adjustment Amendment: The Purchase Price Adjustment Amendment is a modification made to the original agreement to adjust the stock's purchase price following additional information or changes in the company's financial performance. This amendment ensures fair compensation for both parties involved, ensuring a transparent valuation process. 2. Escrow Agreement Amendment: An Escrow Agreement Amendment refers to modifications made to the terms and conditions of the Escrow Agreement within the Stock Purchase Agreement. This amendment may involve adjusting the escrow amount, release conditions, or other relevant provisions that govern the escrow process to protect the interests of both parties. 3. Representations and Warranties Amendment: The Representations and Warranties Amendment focuses on altering the specific representations and warranties made by the parties involved. This amendment may be necessary when new information emerges about the company or its assets, requiring the modification of statements previously agreed upon in the original agreement. 4. Closing Conditions Amendment: A Closing Conditions Amendment involves altering the conditions necessary for the completion of the stock purchase transaction. These conditions may include regulatory approvals, financing arrangements, or other critical factors affecting the completion of the agreement. Such an amendment ensures that the closing process is tailored to the specific circumstances of the transaction. 5. Indemnification and Liability Amendment: The Indemnification and Liability Amendment details modifications made to the original agreement pertaining to indemnification and the allocation of liabilities between parties involved. This amendment may address issues such as the scope of indemnification, the time limits for filing claims, or the financial responsibility for potential liabilities that may arise in the future. Conclusion: The Kings New York Sample Amendment to Stock Purchase Agreement provides a comprehensive framework for modifying the original agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. By explicating the different types of amendments such as Purchase Price Adjustment, Escrow Agreement, Representations and Warranties, Closing Conditions, and Indemnification and Liability, this description assists in understanding the flexibility and adaptability provided by the amendment process.

Title: Kings New York Sample Amendment to Stock Purchase Agreement Explained Introduction: The Kings New York Sample Amendment to Stock Purchase Agreement is a significant legal document that details modifications made to the original agreement between shareholders of Goshen Rubber Co., Inc. and Berkshire Laconic Community Foundation (BCF). This detailed description aims to provide an overview of the various types of amendments that can be made to the Stock Purchase Agreement using relevant keywords. Amendment Types: 1. Purchase Price Adjustment Amendment: The Purchase Price Adjustment Amendment is a modification made to the original agreement to adjust the stock's purchase price following additional information or changes in the company's financial performance. This amendment ensures fair compensation for both parties involved, ensuring a transparent valuation process. 2. Escrow Agreement Amendment: An Escrow Agreement Amendment refers to modifications made to the terms and conditions of the Escrow Agreement within the Stock Purchase Agreement. This amendment may involve adjusting the escrow amount, release conditions, or other relevant provisions that govern the escrow process to protect the interests of both parties. 3. Representations and Warranties Amendment: The Representations and Warranties Amendment focuses on altering the specific representations and warranties made by the parties involved. This amendment may be necessary when new information emerges about the company or its assets, requiring the modification of statements previously agreed upon in the original agreement. 4. Closing Conditions Amendment: A Closing Conditions Amendment involves altering the conditions necessary for the completion of the stock purchase transaction. These conditions may include regulatory approvals, financing arrangements, or other critical factors affecting the completion of the agreement. Such an amendment ensures that the closing process is tailored to the specific circumstances of the transaction. 5. Indemnification and Liability Amendment: The Indemnification and Liability Amendment details modifications made to the original agreement pertaining to indemnification and the allocation of liabilities between parties involved. This amendment may address issues such as the scope of indemnification, the time limits for filing claims, or the financial responsibility for potential liabilities that may arise in the future. Conclusion: The Kings New York Sample Amendment to Stock Purchase Agreement provides a comprehensive framework for modifying the original agreement between Wynn's International, Goshen Rubber Co., Inc., shareholders, and Berkshire Laconic Community Foundation. By explicating the different types of amendments such as Purchase Price Adjustment, Escrow Agreement, Representations and Warranties, Closing Conditions, and Indemnification and Liability, this description assists in understanding the flexibility and adaptability provided by the amendment process.