Stock Purchase Agreement Standard

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STOCK PURCHASE AGREEMENT
Disclaimer
[THIS DOCUMENT IS NOT LEGAL ADVICE AND IS PROVIDED ONLY FOR REFERENCE
PURPOSES. YOU ARE ENCOURAGED TO CONSULT LEGAL COUNSEL IN CONNECTION
WITH ANY OFFER OR SALE OF COMPANY STOCK]
Sample Agreement
This Stock Purchase Agreement ("Agreement") dated as of ____________, 20__, by
and between _______________ ("Purchaser") (Address), a (State) (Type of entity) and
___________ ("Seller") (Address), a (State)(Type of entity).
RECITALS
A.
Seller owns _____________ shares of common stock of Maunesha Bancshares,
Inc., Waterloo, Wisconsin, a Wisconsin Corporation ("Maunesha");
B.
Purchaser wishes to purchase and Seller wishes to sell certain shares of
Maunesha common stock ("Shares") listed in Section 1.2 upon the terms and conditions set
forth in this Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the promises and the mutual covenants and
agreements of the parties made in this Agreement and other good and valuable consideration,
the receipt of which is acknowledged, the parties agree as follows:
1.
PURCHASE AND SALE OF SHARES; CLOSING.
1.1
Shares. Subject to the terms and conditions of this Agreement, at Closing (as
defined below), Seller shall sell and transfer the Shares to Purchaser, and Purchaser shall
purchase the Shares from Seller.
1.2
Purchase Price and Payment Terms.
a.
Purchase Price. Seller agrees to sell, assign, grant, transfer, convey and
set over onto Purchaser and Purchaser agrees to purchase and accept from Seller, all of
Seller's right, title and interest in the Shares for the total purchase price ("Purchase Price") of
$_________, on the terms and subject to the conditions set forth in this agreement, the sale
consisting of ___________ Shares at a price of $_________ per share.
b.
Payment Terms. The Purchase Price shall be paid at Closing.
1.3
Closing.
a.
Time and Place. The Closing ("Closing") shall take place at (location),
on (date), at (time), or such time and place as mutually agreed upon by Purchaser and Seller.
At Closing, Purchaser shall pay Seller in the amount described in Section 1.2.a.
Simultaneously, Seller shall sell, assign, grant, transfer, convey and set over onto Purchaser the
Shares referenced in Section 1.2.a held by Seller, good and valid title in and to the Shares, free

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