Massachusetts 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: Massachusetts Sample Amendment to Stock Purchase Agreement between Wynn's International, Goshen Rubber Co., Inc. Shareholders, and Berkshire Laconic Community Foundation Introduction: This article explores different types of Massachusetts Sample Amendments to a Stock Purchase Agreement executed between Wynn's International, Goshen Rubber Co., Inc. shareholders, and Berkshire Laconic Community Foundation. The amendment is a legal document that seeks to modify or update certain terms and conditions of the original agreement, aiming to address specific circumstances or requirements. By discussing the purpose, significance, and keywords associated with these amendments, this detailed description aims to impart a comprehensive understanding of the subject. 1. Amendment Type 1: Adjustment of Sale Price: This type of amendment deals with revising the sale price that was initially agreed upon in the stock purchase agreement. Considering various factors such as market conditions, financial changes, or unforeseen circumstances, this amendment facilitates negotiations between the parties to ensure fair pricing. 2. Amendment Type 2: Modifying Representations and Warranties: Here, the focus is on altering or revising the representations and warranties made by both the sellers (Goshen Rubber Co., Inc. shareholders) and the purchaser (Berkshire Laconic Community Foundation). Common scenarios where this amendment may be required include the discovery of new information or the need for additional disclosures related to the stock being sold. 3. Amendment Type 3: Including Additional Conditions Precedent: This type of amendment involves setting forth new or additional conditions that need to be fulfilled before the execution of the stock purchase agreement. These conditions are primarily intended to protect the interests of the purchaser or other parties involved by ensuring compliance with legal, regulatory, or financial requirements. 4. Amendment Type 4: Clarification of Terms and Definitions: Sometimes, an amendment may be required to resolve ambiguity or confusion surrounding certain terms defined in the original agreement. By providing precise definitions or clarifying ambiguous language, this amendment enhances the accuracy and clarity of the stock purchase agreement. 5. Amendment Type 5: Restating Key Provisions: In situations where the original agreement contains provisions that require revision, this amendment aims to restate or modify those specific sections or clauses. It can address matters such as restrictions on stock transfer, dispute resolution processes, or any relevant contractual terms that need adjustment. Conclusion: Massachusetts Sample Amendments to Stock Purchase Agreements serve as crucial legal tools that allow parties to modify or refine their original agreements. These amendments cater to a diverse range of scenarios, including price adjustments, representation reevaluations, the inclusion of additional conditions, clarification of terms, and restating key provisions. Familiarity with these potential amendment types helps facilitate effective negotiation, ensuring that all parties involved are protected and have their respective interests safeguarded.