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REPURCHASE AGREEMENT

Stock Repurchase Agreement

REPURCHASE AGREEMENT | Document Parties: GOOD HARBOR PARTNERS ACQUISITION CORP | HCFP Brenner Holdings, LLC You are currently viewing:
This Stock Repurchase Agreement involves

GOOD HARBOR PARTNERS ACQUISITION CORP | HCFP Brenner Holdings, LLC

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Title: REPURCHASE AGREEMENT
Governing Law: Delaware     Date: 6/24/2009
Industry: Misc. Financial Services     Sector: Financial

REPURCHASE AGREEMENT, Parties: good harbor partners acquisition corp , hcfp brenner holdings  llc
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Exhibit 10.1

 

REPURCHASE AGREEMENT

 

This Agreement (the “Agreement”) is made as of the 18 th day of June, 2009 by and between Good Harbor Partners Acquisition Corp. (the “Company”), a Delaware corporation having its offices at 79 Byron Road, Weston, MA 02493 and HCFP Brenner Holdings, LLC, an entity with its offices at 888 7th Avenue, New York, New York 10106 (the “Seller”).

 

W I T N E S S E T H:

 

WHEREAS, the Seller is the owner of 1,200,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”);

 

WHEREAS, the Seller desires to sell to the Company, and the Company desires to purchase from the Seller, all 1,200,000 shares of Common Stock owned by the Seller (the “Shares”), on and subject to the terms of this Agreement (the “Repurchase”); and

 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the Company and the Seller hereby agree as follows:

 

 

1.   Sale of the Shares .  Subject to the terms and conditions of this Agreement, and in reliance upon the representations, warranties, covenants and agreements contained in this Agreement, the Seller shall sell the Shares to the Company, and the Company shall purchase the Shares from the Seller for an aggregate purchase price equal to $30,000 (the “Purchase Price”) for the purchase of all 1,200,000 Shares held by the Seller.

 

2.   Closing . The purchase and sale of the Shares shall take place upon execution and delivery of this Agreement (the “Closing”), to be held at such time and place as shall be determined by the parties.  At the Closing, the Seller shall deliver to the Company certificates for the Shares, duly endorsed in form for transfer to the Company and the Company shall pay the Purchase Price for the Shares.

 

3.   Representations of the Seller .

 

3.1   The Seller has all necessary power and authority to enter into and to perform its obligations hereunder.  This Agreement constitutes the valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, subject to: (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors; and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

 

3.2   The Seller owns all right, title and interest in and to, and have the right to transfer to the Company, in connection with the Repurchase provided for herein, all of the Shares being repurchased by the Company, pursuant to the terms of this Agreement, free a


 
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