Exhibit 10.23
Share Repurchase Letter agreement between Pre-Paid Legal Services, Inc. and
Idoya Partners dated December 8, 2008
Prescott Investors, Inc.
000 Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxx 00000
(000) 000-0000 Fax (000) 000-0000
December 8, 2008
Xx. Xxxxxxx X. Xxxxxxxxxxx Pre-Paid Legal Services, Inc. Xxx Xxx-Xxxx Xxx
Xxx, XX 00000
Dear Xx. Xxxxxxxxxxx:
This will confirm our agreement to sell direct to Pre-Paid Legal Services, Inc.
150,000 shares of Pre-Paid Legal Services, Inc. common stock at $35.08 per share
versus total money of $5,262,000.
Please wire the proceeds using the wiring instructions below:
# Shares Account Net Money Goldman Account
-------- ------- --------- ---------------
150,000 Idoya Partners $5,262,000 XXX-XXXXX-X
------------------------------------------
Idoya Partners
Chase Manhattan Bank NY
ABA Number 000-000-000
F/A/O Goldman, Xxxxx & Co., NY
Account No. XXX-X-XXXXXX
F/F/C Idoya Partners
A/C # XXX-XXXXX-X
------------------------------------------
Please confirm this agreement with your signature and fax it back to us for our
files. Our fax number is 000-000-0000.
We will deliver the shares as shown above as soon as Xxxxxxx, Sachs & Co., NY,
is in receipt of the proceeds.
/s/ Xxxxx Xxxxxxxxxxx ........
-----------------------------------------------------
XXXXX X. XXXXXXXXXXX, General Partner
Idoya Partners L.P.
/s/ Xxxxxxx X. Xxxxxxxxxxx ........
--------------------------------------------
XXXXXXX X. XXXXXXXXXXX, Chief Executive Officer
Pre-Paid Legal Services, Inc.
