STOCK BUYBACK AGREEMENTStock Buyback Agreement • August 30th, 2006 • Avatar Systems Inc • Services-prepackaged software • Texas
Contract Type FiledAugust 30th, 2006 Company Industry JurisdictionTHIS STOCK BUYBACK AGREEMENT (this “Agreement”) is entered into and effective as of August 18, 2006, by and among Avatar Systems, Inc., a Texas corporation (the “Company”), on the one hand, and Mr. Jean Junker, an individual resident of the State of Texas (“Junker”), and Mrs. Ann Hankins, an individual resident of the State of Texas ( “Hankins,” and together with Junker, each individually, a “Seller” and collectively, the “Sellers”), on the other hand. Purchaser and the Sellers are sometimes referred to herein collectively as the “Parties” or individually as a “Party.”