North Dakota Sample Stock Purchase Agreement: This North Dakota Sample Stock Purchase Agreement is a legally binding document between Vlasic Foods International, Inc., Money's Foods (U.S.) Ltd., and Money's Mushrooms, Ltd., (the "Parties") for the purchase of stock in Money's Mushrooms, Ltd. 1. Introduction: This Agreement outlines the terms and conditions under which Vlasic Foods International, Inc. agrees to purchase a certain number of shares of stock from Money's Foods (U.S.) Ltd. in Money's Mushrooms, Ltd., a North Dakota-based company. 2. Parties and Stock Information: — Vlasic Foods International, Inc. (Buyer): A renowned international food corporation. — Money's Foods (U.S.) Ltd. (Seller): A subsidiary company of Vlasic Foods International, Inc. — Money's Mushrooms, Ltd. (Company): A North Dakota-based company specializing in mushroom production. 3. Stock Purchase: — Type of Stock: Common stock— - Number of Shares: Specify the exact number of shares to be purchased. — Stock Price: The agreed-upon price per share in dollars. — Total Purchase Price: The total value of the stock purchase Price: multiply the stock price by the number of shares. 4. Representations and Warranties: — Buyer's Representations: Vlasic Foods International, Inc. certifies its legal authority to enter into this Agreement and that it possesses the necessary funds for the stock purchase. — Seller's Representations: Money's Foods (U.S.) Ltd. assures that it owns the stock being sold and has the right to sell it. 5. Conditions Precedent: Set forth any conditions that must be met before the stock purchase agreement becomes enforceable, such as regulatory approvals. 6. Covenants: — Non-Competition: Money's Foods (U.S.) Ltd. agrees not to engage in any competing business. — Confidentiality: Both parties ensure the confidentiality of any sensitive information exchanged during the transaction. 7. Indemnification: — Buyer's Indemnification: Vlasic Foods International, Inc. holds Money's Foods (U.S.) Ltd. harmless from any claims arising from the stock purchase. — Seller's Indemnification: Money's Foods (U.S.) Ltd. indemnifies Vlasic Foods International, Inc. against any claims related to misrepresented stock ownership. 8. Governing Law and Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of the state of North Dakota. Any disputes shall be settled in North Dakota courts. 9. Entire Agreement: This Agreement constitutes the entire understanding between the Parties regarding the subject and supersedes any previous agreements or understandings. Additional Types of North Dakota Sample Stock Purchase Agreements: 1. Asset Purchase Agreement: In case the Parties agree to purchase specific assets of Money's Mushrooms, Ltd. instead of its stock, they can enter into an Asset Purchase Agreement specifying the details of the asset transfer. 2. Voting Agreement: If Vlasic Foods International, Inc. desires to gain voting control over Money's Mushrooms, Ltd., a Voting Agreement can be executed to outline the terms and conditions regarding voting rights and the exercise of control. Remember, it is essential to consult with legal professionals or attorneys for creating or modifying any legal agreements.
North Dakota Sample Stock Purchase Agreement Agreement between Vlasic Foods International, Inc., Money's Foods (U.S.) Ltd., and Money's Mushrooms, Ltd.
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