Stock Redemption Agreement

10/18/2013

THIS AGREEMENT, made and entered into this _(1)_ day of
____(2)_____, 20_(3)_, is by and between _______(4)_________,
hereinafter referred to as the "Seller", and
_______(5)_________, hereinafter referred to as the
"Purchaser".

W I T N E S S E T H:

WHEREAS, the Seller is the owner and holder of record of
____(6)____ (______) shares of the issued and outstanding
shares of the capital stock of the Purchaser; and,

WHEREAS, the Purchaser desires to repurchase said ____(7)____
(______) shares of said stock, hereinafter referred to as the
"Sellers Stock", and the Seller desires to sell, or cause to
be sold, all of said shares of stock upon the terms and
subject to the conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and the
mutual covenants and agreements contained in this Agreement,
and in order to consummate the purchase and sale of the
Seller's Stock aforementioned, it is hereby agreed as follows:

1. PURCHASE AND SALE: CLOSING

A.   Purchase and Sale of Corporation's Stock. Subject to the
terms and conditions hereinafter set forth, at the closing of
the transaction contemplated hereby, the Seller shall sell,
convey and transfer the Seller's Stock, and deliver to the
Purchaser certificates representing such stock, and the
Purchaser shall purchase from the Seller the Seller's Stock in
consideration of the purchase price set forth in Section Two
of this Agreement. The certificates representing the
Corporations' Stock shall be duly endorsed for transfer or
accompanied by appropriate stock transfer powers duly executed
in blank, in either case with signatures guaranteed in the
customary fashion.

B.   Procedure for Closing. The closing of the transactions
contemplated by this Agreement (the "Closing"), shall be held
at such place as is agreed upon by the parties hereto on or
before the _(8)_ day of _____(9)____, 20_(10)_, (such date to
be referred to in this Agreement as the "Closing Date").

2. PURCHASE PRICE

A.   Consideration. The total consideration for the purchase
of the Seller's Stock, pursuant to this Agreement, shall be
the total sum of ______(11)______ ($___________).

3. REPRESENTATIONS AND WARRANTIES OF SELLER

Seller warrants and represents:

A.   Restrictions on Stock.

1)   The Seller is not a party to any agreement, written or
oral, creating rights in respect of any Seller's Stock in any
third person or relating to the voting of Seller's Stock.

2)   Seller is the lawful owner of Seller's Stock, free and
clear of all security interest, liens, encumbrances, equities
and other charges.

3)   There are no existing warrants, options, stock purchase
agreements, restriction of any nature, relating to the subject
Seller's Stock.

B.   Survival. All warranties contained within this Agreement
shall survive closing of this transaction.

4. GENERAL

A.   Each of the parties to this Agreement covenants and
agrees that the Seller's representations, warranties,
covenants and statements and agreements contained in this
Agreement shall survive the Closing Date. Except as set forth
in this Agreement, there are no other agreements,
representations, warranties or covenants by or between the
parties hereto with respect to the subject matter hereof.

B.   This Agreement constitutes the entire Agreement and
supersedes all prior agreements and understandings, oral and
written, between the parties hereto with respect to the
subject matter hereof.

C.   This Agreement shall be construed and enforced in
accordance with the laws of the State of _____(12)_____.

D.   Should Seller default under this Agreement, Purchaser may
be able to seek and obtain any and all remedies available at
law or in equity, including rescission of this Agreement.
Purchaser shall have the right to obtain all remedies
cumulatively available and will not be limited to one such
remedy.

E.   Should either party default under this Agreement, the
party enforcing this Agreement shall be entitled to
reimbursement of all costs, including reasonable attorneys'
fees incurred at the trial and appellate levels.

IN WITNESS WHEREOF, this Agreement has been executed by each
of the individual parties hereto, all on the date first above
written.

Signed, Sealed and Delivered in the presence of:

                                          "SELLER"

__________(13)_______________   ___________(14)___________

__________(13)_______________

DATED: ________(15)__________

                                       "PURCHASER"

___________(16)______________   ___________(17)___________

___________(16)______________

Notice

The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

Related Articles

Declaration of Life Insurance Trust

9/6/2013

Sample legal document: "Declaration of Life Insurance Trust."

Joint Venture Agreement

10/20/2013

Sample legal document: "Joint Venture Agreement."

Assignment of Stock Certificate

10/20/2013

Sample legal document: "Assignment of Stock Certificate."

General Release

9/7/2013

Sample legal document: "General Release."

Assignment of Contract for Purchase of Real Estate

10/20/2013

Sample legal document: "Assignment of Contract for Purchase of Real Estate."

Contract for Sale and Purchase

9/5/2013

Sample legal document: "Contract for Sale and Purchase."

Agreement Between Owner and Contractor

10/20/2013

Sample legal document: "Agreement Between Owner and Contractor."

General Power of Attorney

9/6/2013

Sample legal document: "General Power of Attorney."

Assignment of Real Estate Purchase and Sale Agreement

10/20/2013

Sample legal document: "Assignment of Real Estate Purchase and Sale Agreement."

Automobile Rental Agreement

10/20/2013

Sample legal document: "Automobile Rental Agreement."

Terms of Use

All content provided on this website is for general informational purposes only. No warranty is expressed or implied. Your use of this website is subject to our Terms of Use.