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Alabama _____________________ (Position) SELLER: _________________________________ _________________________________ (Name) _________________________________ (Position) Stock Purchase Agreement 3 F, the parties have caused this Agreement to be executed the day and year first above written. PURCHASER: ___________________________________ ___________________________________ (Name) ______________sions of this Agreement shall not be deemed a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement. IN WITNESS WHEREO________ __________________________________________________ __________________________________________________ Stock Purchase Agreement 2 11. WAIVER: The failure of either party to enforce any provi_____________________________________ __________________________________________________ __________________________________________________ (b) If to Seller: __________________________________________wise given pursuant to this Agreement shall be in writing and mailed certified return receipt requested, postage prepaid, or delivered by overnight delivery service: (a) If to Purchaser: _____________haser. 9. GOVERNING LAW: This Agreement shall be governed by and construed in accordance with the laws of the State of _______________________________________. 10. NOTICE: Any notice required or other understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement. This Agreement may be modified in writing and must be signed by both the Seller and Purcconstitutes the entire agreement between the Parties and supersedes any prior understanding or representation of any kind preceding the date of this Agreement. There are no other promises, conditions,e transactions contemplated in this Agreement that would give rise to a valid claim against either party for a broker's fee, finder's fee or other similar payment. 8. ENTIRE AGREEMENT: This Agreement to and bind the parties and the heirs, legal representatives, successors and permitted assigns of the Parties. 7. BROKER'S FEES: The Parties represent that there has been no act in connection with thuch provision would make the provision valid, then such provision shall be deemed to be construed as so limited. 6. BINDING EFFECT: The covenants and conditions contained in this Agreement shall applythe remainder of this Agreement shall continue in full force and effect. If any provision of this Agreement is deemed invalid or unenforceable by any court of competent jurisdiction, and if limiting sity to own and operate its property and assets and to carry on its business as presently conducted. 5. SEVERABILITY: If any part or parts of this Agreement shall be held unenforceable for any reason, r's knowledge, the Company is duly organized, validly existing and in good standing under the laws of the State of _______________________ [insert state of incorporation] and has full power and authorany encumbrances, security interests or liens of any kind and has full power and authority to sell and transfer the Stock as contemplated in this Agreement. (b) Organization and Standing. To the Selleo any agreements that create rights or obligations in the Stock relating to any third party including voting or stockholder agreements. The Seller is the lawful owner of the Stock, free and clear of ransfer or accompanied by an appropriate stock transfer. 4. REPRESENTATIONS AND WARRANTIES OF SELLER: Seller hereby warrants and represents that: (a) Restrictions on Stock. The Seller is not a party t___________________________________________, on _____________________, 20__ at _____________[insert place and time](the "Closing"). The certificates representing the Stock shall be duly endorsed for tg. 3. CLOSING: The closing contemplated by this Agreement for the transfer of the Stock and the payment of the Purchase Prices shall take place at ________________________ ______________________________ dollars ($_____________) for an aggregate purchase price of _____________________________________ dollars ($_________________) (the "Purchase Price"), to be paid to the Seller in cash at the closinsert class of stock--e.g. common, preferred, etc.] stock of the Company (the "Stock"). 2. PURCHASE PRICE: The purchase price for each share of Stock shall be __________________________________________ Purchaser hereby agrees to purchase from Seller, and Seller hereby agrees to sell, transfer and convey to the Purchaser ___________________________ (____________) shares of ______________________ [inany. NOW, THEREFORE, in consideration for the promises set forth in this Agreement, the Parties agree as follows: 1. PURCHASE AND SALE: Subject to the terms and conditions set forth in this Agreement,____ [insert state of incorporation] Corporation; and WHEREAS, the Parties desire to enter into this Agreement pursuant to which Purchaser will purchase from Seller shares of capital stock of the Comp and Seller may collectively be referred to as the "Parties." WHEREAS, Seller is the record owner and holder of shares of the capital stock of _______________________ (the "Company"), a ______________ into as of ______________________, 20___ by and between ________________________________________ ("Seller") and _____________________ ________________________________________ ("Purchaser"). Purchasertax consequences. Check with your accountant before entering into this type of agreement. Stock Purchase Agreement 2 STOCK PURCHASE AGREEMENT This Stock Purchase Agreement ("Agreement") is enteredurities laws govern the sale of stock. These laws can be quite complex, so you should check with your attorney before selling or purchasing stock. In addition, this type of arrangement may have large e transaction will take place. In addition, the Seller will make representations about his/her ownership of the shares of stock, thereby giving the Buyer additional comfort. Both federal and state secagreement can be beneficial for both parties because it clearly lays out the expectations of the transaction including: (i) the number and type of stock sold, (ii) the purchase price and (iii) when th wherein the owner of shares of stock (the "Seller") agrees to sell the stock to a buyer (the "Purchaser"). Generally, this type of form is used for the stock of a small corporation. A stock purchase f these forms is subject to the "Disclaimers and Terms of Use" found at findlegalforms.com Stock Purchase Agreement 1 Information Stock Purchase Agreement A stock purchase agreement is an agreemente consulted before negotiating any document with another party. This type of transaction may have tax consequences. You should check with your accountant before using this form. The purchase and use o materials should only be a starting point for you and should not be used or signed before first consulting with an attorney to ensure that it addresses your particular situation. An attorney should bhis form if the Seller is the "Company" whose stock is being sold. Federal and state securities laws are very complex. These materials are not intended and are not a substitute for legal advice. Thesee certificates representing the stock sold to the Purchaser. This form contains italicized, bracketed instructions to help you. They should be erased before you print your completed form. Do not use teement, Purchaser will need to deliver the purchase price as set forth in this agreement. At the closing of the transaction contemplated in the Stock Purchase Agreement, Seller will need to deliver th. Therefore, if there is one Purchaser and one Seller, two original Stock Purchase Agreements should be executed (i.e. signed). At the closing of the transaction contemplated in the Stock Purchase Agrhe Stock Purchase Agreement Both the Seller and Purchaser must sign the Stock Purchase Agreement. Generally both the Purchaser and the Seller(s) each retain an original signed Stock Purchase AgreementInstructions & Checklist Stock Purchase Agreement This package contains: (1) Instructions and Checklist for the Stock Purchase Agreement; (2) Information about the Stock Purchase Agreement; and (3) T Alabama