3.8. Approval of all shareholders. Notwithstanding the contrary provisions of this shareholder agreement, the written agreement of all shareholders is necessary to authorize the following transactions: mergers or consolidations in which the company participates; amending or repealing the company`s by-law; Issuing shares of any class or other rights related to the issuance of shares of the company; The transfer of all or most of the company`s assets; Changing the shareholder contract or voluntary dissolution of the company. After the expiry of the duty of care, the share purchase agreement must be written (see letter) and signed between the parties. After signing, financial statements must be made immediately with counter-funds exchanged for share certificates. On that date, the transaction will be completed, with the buyer being the new official owner of the stock. The fifth section, entitled “V. Deposit,” presents two box options that can eventually define whether or not a deposit is required before the purchase. One must be selected and applied so that the other can be declared unenforceable. If a deposit is to be deposited before the closing date, check the “Compulsory” box and note the dollar (digitally) of the expected deposit on the blank line after the dollar symbol. If a deposit is required, continue with the next empty line (before the term “calendar day”).
You must indicate here the number of days after this Agreement comes into force if the deposit amount defined above is to be submitted by the purchaser. If no down payment is required, leave the first box unattended and check the second box (as “no”) to indicate that the buyer will not be charged for submitting a deposit amount before the deadline. 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. When buying all the shares of a company (100% of the shares), it is recommended to use the purchase of commercial agreements instead. To shareholders in relation to the number of shares of the company held by each. Empty lines in “XIII. Additional Terms and Conditions” look for additional information that is included in this agreement but is not yet addressed. All of these additions or restrictions must be consistent with national and federal laws. In the absence of additional provisions, conditions, restrictions or considerations, it is strongly recommended that this fact be displayed by typing the word “none.” This means that only the statements (without additions) discussed in this agreement apply to the purchase of shares. At this point, shareholders must have a similar view of what they receive and what they offer the company. If, on that date, there are differences between the shareholders and they do not wish to participate in the agreement, you should consider this as a warning. They may also have difficulties with these people in the future.
Sign a letter of intent to buy shares or make an offer for one share per share per share. This begins the trading process and allows the seller of the stock to determine whether or not he wants to sell his shares.