SEC Contract Filing

Filing Date: 2021-06-22

Document Content:
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<TYPE>EX-10.14
<SEQUENCE>6
<FILENAME>brhc10025890_ex10-14.htm
<DESCRIPTION>EXHIBIT 10.14
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 <div style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">EXHIBIT 10.14</div>
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 <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><u>STOCK PURCHASE AGREEMENT</u></div>
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 <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; text-indent: 36pt;">THIS AGREEMENT is dated as of the 28th day of January, 2021, by and between Tandy Leather Factory, Inc., a Delaware corporation
 (hereinafter referred to as &#8220;Purchaser&#8221;), and Central Square Management, a Delaware Limited Liability Company (hereinafter referred to as &#8220;Seller&#8221;).</div>
 <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;">Statement of Facts:</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; color: rgb(0, 0, 0);">A.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 10pt; font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; color: rgb(0, 0, 0);">Seller is the beneficial owner of 500,000 shares of common stock of Purchaser (the &#8220;Shares&#8221;).</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; color: rgb(0, 0, 0);">B.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 10pt; font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; color: rgb(0, 0, 0);">Purchaser desires to the Shares from Seller, and Seller desires to sell the Shares to Purchaser under the terms and conditions set forth herein below.</font></div>
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 <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; text-indent: 36pt;">NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties agree and stipulate as follows:</div>
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 <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><u>Purchase and Sale</u></font><font style="font-family: 'Times New Roman';">.&#160; Purchaser shall purchase the Shares
 from Seller (the &#8220;Purchase&#8221;), and Seller shall sell the Shares to Purchaser for the price and upon the other terms set forth herein.</font></div>
 <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><u>Purchase Price</u></font><font style="font-family: 'Times New Roman';">.&#160; Purchaser shall pay Seller $3.35 per
 Share for a total purchase price for the Shares of $1,675,000 (the &#8220;Purchase Price&#8221;).</font></div>
 <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><u>Closing</u></font><font style="font-family: 'Times New Roman';">.&#160; The closing shall occur on or before the 1st
 day of February, 2021 (the &#8220;Closing Date&#8221;), at the offices of Purchaser or at such time and place and Purchaser and Seller may otherwise agree (which may include an online &#8220;virtual&#8221; closing).</font></div>
 <div style="text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><u>Delivery and Payment for Shares</u></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> On the Closing Date, Purchaser shall wire the Purchase Price to Seller in accordance with written wire transfer instructions provided to Purchaser by Seller on or before the Closing Date.&#160; Upon receipt of the Purchase
 Price, Seller shall deliver the Shares to Purchaser electronically through DTC in accordance with written instructions provided by Purchaser to Seller on or before the Closing Date.</font></div>
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