Houston Texas 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
• City: Houston
• 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: Houston, Texas Sample Purchase Agreement: Sale of All Shares of Capital Stock between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC Keywords: Houston, Texas, sample purchase agreement, Resort Petroleum Corp., Resort Gas Resources Company, Inc., EX Operating, LLC, sale of shares, capital stock Introduction: In this detailed description, we will explore a sample Purchase Agreement between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC, regarding the sale of all shares of capital stock. This agreement provides an example of a transaction that occurs commonly within Houston, Texas, and highlights the key terms and conditions involved in such a sale. 1. Background: The sample Purchase Agreement refers to a transaction between Resort Petroleum Corp. (Seller), Resort Gas Resources Company, Inc. (Buyer), and EX Operating, LLC (Target Company). Houston, Texas, serves as the backdrop for this agreement, as it is a thriving hub for the oil and gas industry, facilitating numerous such business transactions. 2. Parties Involved: The Purchase Agreement outlines the roles of three main parties: a) Resort Petroleum Corp. (Seller): A reputable oil and gas company, registered and operating in Houston, Texas. b) Resort Gas Resources Company, Inc. (Buyer): An entity interested in acquiring capital stock shares of EX Operating, LLC. c) EX Operating, LLC (Target Company): A Houston-based business that holds the desired capital stock shares. 3. Nature of Agreement: The Sample Purchase Agreement between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC focuses on the sale of all the shares of capital stock of EX Operating, LLC, from Resort Petroleum Corp. (the Seller) to Resort Gas Resources Company, Inc. (the Buyer). This agreement formalizes the terms, conditions, and obligations between the involved parties. 4. Key Terms Covered: The purchase agreement addresses various crucial aspects, including: a) Purchase Price: Specifies the agreed-upon amount at which the shares will be sold. b) Conditions Precedent: Outlines the necessary conditions to be fulfilled before completing the sale. c) Representations and Warranties: Provides assurances from the Seller regarding the authenticity and accuracy of information provided. d) Indemnification: Defines the responsibilities for any potential losses, damages, or liabilities post-closing. e) Confidentiality: Ensures confidentiality of sensitive information shared during the transaction process. f) Governing Law and Jurisdiction: Establishes the legal jurisdiction and governing law applicable to the agreement. Types of Purchase Agreement: While not explicitly mentioned as different types in this description, variations of Houston, Texas Sample Purchase Agreements may exist depending on various factors, such as the nature of the transaction, parties involved, and specific terms negotiated. Examples may include asset purchase agreements, stock purchase agreements, or merger agreements, each tailored to specific scenarios. Conclusion: The Sample Purchase Agreement discussed here highlights the sale of all shares of capital stock between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC. This Agreement showcases how Houston, Texas, serves as a hub for such transactions within the oil and gas industry. The outlined key terms provide a comprehensive overview of a typical purchase agreement and its relevance in ensuring a smooth and legally binding transaction.

Title: Houston, Texas Sample Purchase Agreement: Sale of All Shares of Capital Stock between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC Keywords: Houston, Texas, sample purchase agreement, Resort Petroleum Corp., Resort Gas Resources Company, Inc., EX Operating, LLC, sale of shares, capital stock Introduction: In this detailed description, we will explore a sample Purchase Agreement between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC, regarding the sale of all shares of capital stock. This agreement provides an example of a transaction that occurs commonly within Houston, Texas, and highlights the key terms and conditions involved in such a sale. 1. Background: The sample Purchase Agreement refers to a transaction between Resort Petroleum Corp. (Seller), Resort Gas Resources Company, Inc. (Buyer), and EX Operating, LLC (Target Company). Houston, Texas, serves as the backdrop for this agreement, as it is a thriving hub for the oil and gas industry, facilitating numerous such business transactions. 2. Parties Involved: The Purchase Agreement outlines the roles of three main parties: a) Resort Petroleum Corp. (Seller): A reputable oil and gas company, registered and operating in Houston, Texas. b) Resort Gas Resources Company, Inc. (Buyer): An entity interested in acquiring capital stock shares of EX Operating, LLC. c) EX Operating, LLC (Target Company): A Houston-based business that holds the desired capital stock shares. 3. Nature of Agreement: The Sample Purchase Agreement between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC focuses on the sale of all the shares of capital stock of EX Operating, LLC, from Resort Petroleum Corp. (the Seller) to Resort Gas Resources Company, Inc. (the Buyer). This agreement formalizes the terms, conditions, and obligations between the involved parties. 4. Key Terms Covered: The purchase agreement addresses various crucial aspects, including: a) Purchase Price: Specifies the agreed-upon amount at which the shares will be sold. b) Conditions Precedent: Outlines the necessary conditions to be fulfilled before completing the sale. c) Representations and Warranties: Provides assurances from the Seller regarding the authenticity and accuracy of information provided. d) Indemnification: Defines the responsibilities for any potential losses, damages, or liabilities post-closing. e) Confidentiality: Ensures confidentiality of sensitive information shared during the transaction process. f) Governing Law and Jurisdiction: Establishes the legal jurisdiction and governing law applicable to the agreement. Types of Purchase Agreement: While not explicitly mentioned as different types in this description, variations of Houston, Texas Sample Purchase Agreements may exist depending on various factors, such as the nature of the transaction, parties involved, and specific terms negotiated. Examples may include asset purchase agreements, stock purchase agreements, or merger agreements, each tailored to specific scenarios. Conclusion: The Sample Purchase Agreement discussed here highlights the sale of all shares of capital stock between Resort Petroleum Corp., Resort Gas Resources Company, Inc., and EX Operating, LLC. This Agreement showcases how Houston, Texas, serves as a hub for such transactions within the oil and gas industry. The outlined key terms provide a comprehensive overview of a typical purchase agreement and its relevance in ensuring a smooth and legally binding transaction.