TERMINATION OF STOCK PURCHASE AGREEMENT
Exhibit 10.1
THIS TERMINATION OF STOCK PURCHASE AGREEMENT (“Termination”) is entered into as of
this 26th day of June, 2009 (the “Effective Date”), by and among XXXXXXX X. XXXXXXX,
TRUSTEE, an Ohio resident (“RMO”), XXXXXXX XXXXXX (“Xxxxxx”), XXXXXXX X. XXXX
(“Xxxx”), XXXXX XXXXXX (“Xxxxxx”), and XXXXXX X. XXXXX (“Xxxxx”) (RMO,
Xxxxxx, Xxxx, Xxxxxx and Xxxxx are hereinafter collectively referred to as “Seller”), and
ENERGY WEST, INCORPORATED, a corporation incorporated under the laws of the State of Montana, USA
(“Purchaser”).
RECITALS
A. On September 12, 2008, Seller and Purchaser entered into a Stock Purchase Agreement
(“Agreement”).
B. The parties have determined that it is in the best interest of both parties to terminate
the Agreement pursuant to the terms and conditions hereof.
NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained and
for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereby agree as follows:
AGREEMENT
1. The Agreement is hereby terminated and is null and void and shall be of no further effect.
2. This Termination shall be governed by and construed in accordance with the laws of the
State of Ohio, without regards to the principles of conflicts of laws thereof.
3. This Termination may be executed in any number of counterparts, and each such counterpart
shall for all purposes be deemed an original, and all such counterparts shall together constitute
but one and the same Termination.
4. This Termination is made effective as of the date hereof.
IN WITNESS WHEREOF, the parties hereto have executed this Termination, or caused this
Termination to be duly executed by their respective authorized officers, as of the day and year
first above written.
| Seller: | ||||
| /s/ Xxxxxxx X. Xxxxxxx
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| Xxxxxxx X. Xxxxxxx, Trustee | ||||
| /s/ Xxxxxxx Xxxxxx
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| Xxxxxxx Xxxxxx | ||||
| /s/ Xxxxxxx X. Xxxx
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| Xxxxxxx X. Xxxx | ||||
| /s/ Xxxxx Xxxxxx
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| Xxxxx Xxxxxx | ||||
| /s/ Xxxxxx X. Xxxxx
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| Purchaser: | ||||||
| ENERGY WEST, INCORPORATED | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxxxx
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| Print Name: Xxxxx X. Xxxxxxxxxx | ||||||
| Its: | President and Chief Operating Officer | |||||
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