Common Contracts

2 similar Stock Sale and Termination Agreement contracts by Comforce Corp

AutoNDA by SimpleDocs
November 4, 1996 Rho Company, Inc. 4002-148th Street N.E. Redmond, WA 98052 RE: Stock Sale and Termination Agreement between Rho Company, Inc. ("RHO") and James R. Ratcliff ("Ratcliff") ----------------------------------------------- The referenced...
Stock Sale and Termination Agreement • November 19th, 1996 • Comforce Corp • Costume jewelry & novelties

RE: Stock Sale and Termination Agreement between Rho Company, Inc. ("RHO") and James R. Ratcliff ("Ratcliff") ----------------------------------------------- The referenced Stock Sale and Termination Agreement (the "Stock Sale Agreement") contemplates that the certificate (the "Certificate") evidencing shares of common stock of RHO that are held in the name of Ratcliff will be delivered to Lillick and Charles LLP to be held by it as escrow agent under the Escrow Agreement (as defined in the Stock Sale Agreement). Since the execution of the Stock Sale Agreement, it has become apparent that such an escrow is not possible because the shares are held by Joseph D. Holmes, Jr. under a pledge arrangement for the benefit of Barbara L. Ratcliff and the Estate of Raymond Ratcliff. Accordingly, the parties have agreed that there will be no escrow of the shares and any reference in the Stock Sale Agreement to the Escrow Agreement shall be of no force and effect. The parties have further agreed tha

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!