STOCK PURCHASE AGREEMENT By and Among TEAM, INC. a Texas corporation, TEAM INDUSTRIAL SERVICES, INC. a Texas corporation, THERMAL SOLUTIONS, INC. a Colorado corporation, THE SHAREHOLDERS OF THERMAL SOLUTIONS, INC. AND THE PRINCIPAL SHAREHOLDER...Stock Purchase Agreement • April 16th, 2004 • Team Inc • Services-miscellaneous repair services • Texas
This Agreement contemplates a transaction in which the Buyer will purchase from the Sellers, and the Sellers will sell to the Buyer, all of the outstanding capital stock of the Company in return for cash and shares of the common capital stock, $.30 par value per share, of Team (the “Team Shares”).
AMENDMENT NO. 9Stock Purchase Agreement • April 16th, 2004 • Team Inc • Services-miscellaneous repair services • Texas
This Amendment No. 9 dated as of April 15, 2004 (“Agreement”) is among Team, Inc., a Texas corporation (“Borrower”), the financial institutions party to the Credit Agreement described below (“Banks”), and Bank of America, N.A., successor by merger to NationsBank, N.A., as agent for the Banks (“Agent”).
ESCROW AGREEMENTEscrow Agreement • April 16th, 2004 • Team Inc • Services-miscellaneous repair services • Texas
THIS ESCROW AGREEMENT (as the same may be amended or modified from time to time and including any and all written instructions given to “Escrow Agent” pursuant hereto, the “Escrow Agreement”) is made and entered into as of April 15, 2004 by and among Team, Inc., a Texas corporation (“Team”), Team Industrial Services, Inc., a Texas corporation and an indirect wholly-owned subsidiary of Team (the “Buyer”), Thermal Solutions, Inc., a Colorado corporation ( the “Company”), the shareholders of the Company listed on the signature pages hereto under the heading “Shareholders” (collectively, the “Sellers”) and Michael J. Urban in his capacity as Shareholder Representative (Sellers, Shareholder Representative, Team and the Buyer are sometimes referred to collectively as the “Other Parties”) and Compass Bank, with an office located in Houston, Harris County, Texas (the “Bank”) (Bank and the Other Parties are sometimes referred to collectively as the “Parties”).
