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Stock Purchase Agreement

 

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Title:

Stock Purchase Agreement

Entities:

FFP Partners, LP

Date:

2000

Size:

Preview shows 6KB of 24KB total

Price:

$41

ID:

#336737

 

 

► Purchase & Sale ► Purchase ► Stock Purchase Agreements
► Real Estate

 

 

Start of Preview


                                  RECISSION OF

STOCK PURCHASE AGREEMENT

This Recission of Stock Purchase Agreement ("Recission Agreement") is made
effective this 19th day of July, 2000, by and between, CyberAmerica Corporation
("CYA"), a Nevada corporation with principal offices at 268 West 400 South, Salt
Lake City, Utah 84101 and A-Z Oil, L.L.C., a Utah limited liability company, A-Z
Professional Consultants, Inc., a Utah corporation, A-Z Professional
Consultants, Inc., Retirement Trust, a Utah private trust, the David Michael
L.L.C., a Utah limited liability company, and the Alexander Senkovski L.L.C. a
Utah limited liability company (collectively, the "Sellers") each with principal
offices at 268 West 400 South, salt Lake City, Utah 84101, with respect to the
following:

RECITALS

WHEREAS, CYA and the Sellers entered into a Stock Purchase Agreement dated
April 19, 2000, (the "Agreement") a copy of which is attached hereto as Exhibit
"AA" and incorporated herein by this reference;

WHEREAS, the CYA and the Sellers now desire to cancel and rescind the
Agreement


AGREEMENT

NOW, THEREFORE, in consideration of the mutual promises, covenants and
agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby expressly acknowledged, CYA and the
Sellers hereby agree as follows:

1. That the Agreement is hereby canceled and rescinded; and

2. CYA and the Sellers hereby agree to return whatever consideration and
shares of stock that they received under the terms of the Agreement;
and

3. CYA and the Sellers hereby agree to cross indemnify each other and
hold one another harmless for any injury which may arise as a result
of canceling and rescinding the Agreement.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

DATED this 19th day of July, 2000.

CyberAmerica Corporation, A-Z Professional Consultants, Inc.
a Nevada corporation a Utah corporation,

By: /s/Richard Surber By:/s/BonnieJean C. Tippetts
------------------------- -------------------------------
Richard Surber, President BonnieJean C. Tippetts, President

A-Z Oil, L.L.C., A-Z professional Consultants, Inc.
a Utah limited liability company Retirement Trust

By: /s/BonnieJean C. Tippetts By: /s/BonnieJean C. Tippetts
----------------------------------- ----------------------------------
BonnieJean C. Tippetts, Agent / Manager BonnieJean C. Tippetts, Trustee




5



{PAGE}



David Michael, L.L.C., Alexander Senkovski L.L.C.
a Utah limited liability company a Utah limitedliability company

By: /s/BonnieJean C. Tippetts By: /s/BonnieJean C. Tippetts
----------------------------------- ----------------------------------
BonnieJean C. Tippetts, Agent / Manager BonnieJean C. Tippetts, Trustee












6



{PAGE}

Exhibit "AA"

STOCK PURCHASE AGREEMENT

This Stock Purchase Agreement ("Agreement") is made effective this 19th day
of April, 2000, by and between, CyberAmerica Corporation ("CYA"), a Nevada
corporation with principal offices at 268 West 400 South, Salt Lake City, Utah
84101 and A-Z Oil, L.L.C., a Utah limited liability company, A-Z Professional
Consultants, Inc., a Utah corporation, A-Z Professional Consultants, Inc.,
Retirement Trust, a Utah private trust, the David Michael L.L.C., a Utah limited
liability company, and the Alexander Senkovski L.L.C. a Utah limited liability
company (collectively, the "Sellers") each with principal offices at 268 West
400 South, salt Lake City, Utah 84101, with respect to the following:

RECITALS

WHEREAS, the Sellers collectively own 146,000 shares of FFP Partners, L.P.
common stock ("FFP Partners Shares"); and

WHEREAS, CYA desires to purchase the FFP Partners Shares from the Sellers,
but desires to pay for such shares with shares of its restricted common stock
rather than cash, pursuant to a written contract as set forth below; and

WHEREAS, the Sellers are willing to accept, on a pro rata basis as set
forth on Exhibit "A" attached hereto and incorporated herein by reference a
total of 55,620 shares of CYA's restricted common stock ("CyberAmerica Shares")
in consideration for 146,000 shares of FFP Partners, L.P. common stock that CYA
is purchasing from the Sellers.

 

End of Preview

 

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