PandaTip: This model of shareholder agreements defines the conditions for shareholder interaction and what happens when one or more of them want to leave the company or something happens that forces the exit of a shareholder or the closure of the company. PandaTip: The distribution or resale of shares outside may be accompanied by a large number of legal provisions that this agreement does not seek to address, which is why this clause is important. 49. This agreement will only be amended or amended by the written agreement of all shareholders. All shareholders may amend, modify or revoke this contract without the Company`s consent. 14.1 Contracting parties are held incommunicado in the confidentiality of everything they learn as shareholders, boards of directors, directors or employees of the company. This provision does not apply to matters which, in the present circumstances, must be made available to third parties, (ii) are public or public, or (iii) must be made public under statutes. 13.2 The above prohibition on competing transactions applies for a period of xx months after a party has ceased to be a shareholder of the company, but not in cases where the company ceases to exist. 28. If more than two shareholders participate in this agreement, the initiating shareholder may submit an offer of initiative to one of the other shareholders, and the “shot gun-commission” procedure applies as if there were only two shareholders.
The initiative shareholder may also make an offer to the other shareholders as a group, and the other shareholders will agree among themselves on the purchase of the solicitation units or, as a group, will sell all their shares to the main shareholder, and the procedure of this commission shot gun will apply. The agreement is often used to protect shareholders` rights and obligations and to find a common legal basis for the company. 1.1 The shareholders are all shareholders of the company, a company [STATE OF INCORPORATION] and are the sole directors and senior executives of the company. CET ACCORD, dated [ACCORD DATE] is concluded among the following persons, who constitute all the current shareholders of [CORPORATION] (“Corporation”): 7.2 In the event of disagreement, each party may require that a dividend of XX% of the company`s after-tax profit be paid in proportion to the shareholders. and if the material dispute cannot be resolved within a reasonable time or by the mediation and arbitration provisions in this agreement, any shareholder (the “initiating shareholder”) may initiate a forced purchase or sale agreement (the “Shot Gun Commission”). 6. If all shareholders, by written decision, find that the company needs additional resources to fulfill the company`s obligations to its creditors or to achieve the objective for which the company was incorporated, the company`s shareholders will make available to the company, at the request of the board of directors and on a proportionate basis. , an interest-free shareholder loan (the “loan”) of sufficient amount to enable the company to meet these obligations or objectives. as can be the case. Shareholders may exempt any shareholder from participating in the loan, but if less than all shareholders participate in the loan, shareholders participating in the loan are entitled to interest at a reasonable commercial interest rate.