STOCK REPURCHASE AGREEMENT
Exhibit
10.14
This
Stock Repurchase Agreement (the “Agreement”),
dated
January 16, 2007, is by and between Xxxxx X. XxXxxxx (the “Stockholder”)
and
Xxxxxxxx XxXxxxx Acquisition Corporation (the “Company”).
Accordingly,
the parties hereto hereby agree as follows:
1. Purchase
and Sale of Shares.
The
Stockholder hereby sells, assigns, transfers, and delivers to the Company and,
subject to and in reliance upon the representations and warranties set forth
in
this Agreement, the Company hereby purchases and accepts from the Stockholder
the Shares, together with all rights relating thereto. Simultaneously with
the
execution and delivery of this Agreement, the Stockholder will execute and
deliver to the Company such other instruments of transfer as may be necessary
or
appropriate to vest in the Company good title to the Shares.
2. Purchase
Price. The
purchase price payable by the Company to the Stockholder for the Shares is
$0.000618 per share, for a total purchase price of $260.72, and will be paid
by
the Company to the Stockholder in cash.
3. Representations
and Warranties.
The
Stockholder hereby represents and warrants to the Company that the Stockholder
is the sole record and beneficial owner of the Shares to be sold by him
hereunder and has full power, right, and authority to sell and transfer the
Shares to the Company, free and clear of all liens, security interests,
encumbrances, and adverse claims.
| XXXXXXXX XXXXXXX ACQUISITION CORPORATION | |
|
By:
/s/
Xxxxx X. XxXxxxx
Name:
Xxxxx X. XxXxxxx
Title:
President and Chief Executive Officer
|
|
| STOCKHOLDER | |
|
/s/
Xxxxx X. XxXxxxx
Xxxxx
X. XxXxxxx, individually
|