Professional Stock Purchase Agreement
This Professional Stock Purchase Agreement ("Agreement") is entered into by and between the undersigned parties, with the purpose of defining the terms and conditions under which the Stock Purchaser will acquire shares in the Company from the Stock Seller.
1. Definitions
1.1. Company
The term "Company" refers to [YOUR COMPANY NAME], a corporation organized and existing under the laws of the State of [State], with its principal place of business at [YOUR COMPANY ADDRESS].
1.2. Stock Seller
The term "Stock Seller" refers to [YOUR NAME], with a principal address at [YOUR COMPANY ADDRESS].
1.3. Stock Purchaser
The term "Stock Purchaser" refers to Zena Frami, with a principal address at Dayton, OH 45402.
1.4. Shares
The term "Shares" refers to [Number and Type of Shares] in the Company.
2. Purchase and Sale
2.1. Agreement to Sell and Purchase
The Stock Seller agrees to sell, and the Stock Purchaser agrees to purchase, the Shares upon the terms and conditions set forth in this Agreement.
2.2. Purchase Price
The purchase price for the Shares shall be [Purchase Price] ("Purchase Price").
3. Closing
3.1. Date and Location
The closing of the transactions contemplated by this Agreement ("Closing") shall take place on [Date of Closing], at [Location of Closing] or at such other time and place as the parties may mutually agree upon in writing.
3.2. Deliverables
At the Closing, the Stock Seller shall deliver to the Stock Purchaser stock certificates representing the Shares, and the Stock Purchaser shall deliver payment for the Purchase Price in accordance with the terms herein.
4. Representations and Warranties
4.1. Stock Seller’s Representations
The Stock Seller represents and warrants to the Stock Purchaser that they are the lawful owner of the Shares, that the Shares are free and clear of any liens, and that they have full authority to sell the Shares.
4.2. Stock Purchaser’s Representations
The Stock Purchaser represents and warrants to the Stock Seller that they have the necessary funds to complete the purchase of the Shares and that their purchase of the Shares is for investment purposes only.
5. Miscellaneous
5.1. Entire Agreement
This Agreement constitutes the entire understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements between the parties.
5.2. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of laws principles.
5.3. Amendments
No amendment or modification of this Agreement shall be valid or binding unless in writing and signed by both parties hereto.
6. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Professional Stock Purchase Agreement as of the date set forth below.
[YOUR NAME]
Stock Seller
Zena Frami
Stock Purchaser
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