AGGREMENT FOR PURCHASE OF CORPORATE STOCK THIS AGREEMENT FOR DISTRIBUTION OF CORPORATE STOCK, hereinafter referred to as “Agreement”, is made on the ____ day of _____ , 2012 for the distribution of stock of Career-Sync, Inc., an Illinois corporation, by and between Jacob Donnewald, of Joliet, Illinois, hereinafter referred to as “Seller”, and hereinafter referred to as “Purchaser”. The seller agrees to sell to the purchaser, and the purchaser agrees to purchase from the seller, 50 Shares of capital stock of Career-Sync, Inc. , an Illinois corporation, at the price and on the terms and conditions herein set forth, said 50 shares representing 50% of the issued shares of said corporation.
1. PURCHASE PRICE. The purchase price to be…show more content… 6. PURCHSER ACKNOLEDGMENT> The purchaser acknowledges that in consideration of the purchase price, he/she is assuming and accepting all liabilities and expensed, including but not limited to current and/or potential Federal, State and Local taxes, claims, demands, penalties, fines or other losses, associated with the operation of Career-Sync, Inc., as set forth in Paragraph 5, and that said Purchaser does so knowingly. The purchaser further acknowledges that he/she had had an opportunity to review all of the books of record and accounts of Career-Sync, Inc. The purchaser further acknowledges that he/she is aware of any pending litigation involving Career-Sync, Inc.
7. DEFAULT. In the event that the purchaser fails to make the payment required hereunder, the seller shall notify the purchaser in writing, and the Purchaser shall be allowed 2.5 months (75) days to cure said default. If such default is not cured within said 75 day period, then the purchaser shall forfeit this agreement and his/her right to transfer of those shares of stock as provided herein. Notwithstanding any default in payment by the purchaser and subsequent declaration of