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Free Cross Stock Purchase Agreement

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This Cross Stock Purchase Agreement is for use when a company stockholder agrees in advance to purchase the shares of a stockholder who is withdrawing. This agreement sets out the terms of the purchase including the stock purchase price, how it will be paid and the seller's representations regarding the stock. It also sets forth the date of closing and what conditions must be met prior to the closing. It is imperative that this agreement be set out in writing rather than by oral arrangement. A written Cross Stock Purchase Agreement will be invaluable in the event there are disagreements or litigation regarding the purchase of company stock. This Cross Stock Purchase Agreement contains the following provisions: Parties: The names of the seller and purchaser of the company stock; Description: Name of the company and the common par value of the stock; Purchase and Sale/Closing: Spells out the date, time and location of the closing and any procedures which must be met before the closing date; Purchase Price: The purchase price and method of payment are fully set out in Exhibit A to this purchase agreement; Representations and Warranties of Seller and Purchaser: Sets out the specific representations and warranties made by both parties including restrictions on stock, subsidiary information and tax matters; Signatures: The President and Secretary of the company, seller and buyer must sign this agreement in the presence of witnesses. Protect your rights and your property by purchasing this attorney-prepared form. This attorney-prepared package includes: General Information Instructions and Checklist Cross Stock Purchase Agreement State Law Compliance: This form complies with the laws of all states

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