The law prohibits a shareholder of a private company, with the exception of the statutes, from transferring his shares to a non-member without first offering the same shares to existing shareholders. Therefore, where a shareholder intends to transfer its shares to a non-member, it must ensure that the company`s by-law authorizes such a transfer before it is able to complete it. 5.12 This share transfer agreement may be carried out in more than one language between the parties and, in the event of a conflict between the various translations of this share transfer agreement, the English version prevails. 4. RESULTS OF THE FORMALITÉ IT is agreed that if the planned transfer of shares will not be effective due to a lack of formalities (including, but not only the incorrect registration of the transfer in the company`s registers or following a refusal by the directors of the company whose shares are transferred), the transfer of all economic shares of the shares by the creation of a trust in favour of the beneficiary in which the shares form the subject, and the assignor is the agent. 2. TRANSFERT PRICE It is agreed that the shares will be transferred at the price of [PRICE]. A share purchase agreement should be used whenever a person or company sells or buys shares in a company or another person or company. PandaTip: This schedule should include all shares or shares transferred as part of this share transfer agreement. When shares or shares are transferred to more than one company, they should have their own line in a table such as the one below.
They should present the transferred actions in the most detailed way possible. Try to include the class of shares, the face value of the shares and their payment. Here are a few examples: The class of common or preferred shares may affect the shareholder`s share of the company`s profits or the amount it receives if the company is liquidated, and whether a shareholder has voting shares or not, decides whether or not the shareholder has the right to vote at shareholder meetings. 5.5 Each contracting party heressover states that it is not aware of any issues under its control that could have a negative or adverse effect on the performance of its obligations under this share transfer agreement. 8.1 This transfer of shares is under the exclusive jurisdiction of the laws of [STATE AND COUNTRY]. The amount of shares held by a shareholder determines their share of the ownership of the company and the payment of the dividend to which they are eligible if the company distributes dividends. A dividend payment is money paid to shareholders and is usually the result of a distribution of a company`s annual profit. This share transfer agreement (the “agreement”) defines the conditions under which [TRANSFEROR NAME] (the “Transferor”), a company, which is duly registered in accordance with [STATE` law] with the registered number [REGISTERED NUMBER] and which has its address registered under [REGISTERED ADDRESS], that it transfers certain shares held by it to [TRANSFEREE NAME] (the “Transferee”), a company duly registered in accordance with the law of [STATE] with the registered number [REGISTERED NUMBER] and which has its address registered with [REGISTERED NUMBER] ADDRESS] (together), the “parties”).