7. Oktober 2021
(b) To the extent that the Founders have received shares („Founder Shares“) in the Company in exchange for nominal consideration, the Founders agree that the shares referred to in Annex A to this Agreement are subject to unequal provisions. Unshakability means that the shares are encumbered and are subject to debasement or redemption by the company for acquisition and cost costs, unless temporal events occur. In the event that the company is acquired by one third party or another, all shares subject to unshakability will become totally unshakable on that date. These steadfast provisions are: 1.19 „this Agreement“, „here“, „below“, „below“, „this“ and similar expressions refer to this Agreement and not to any specific section, subsection, paragraph or other part of this Agreement. It is highly advisable to conclude the agreement when setting up the company and issuing its first shares. You can use it as a positive step to make sure you and the shareholders are all on the same side when it comes to business. PandaTip: This model shareholder agreement defines the conditions under which company shareholders interact with each other and what happens if one or more wish to withdraw from the business or if something happens that requires a shareholder to exit or close the company. Sometimes investors can delay this deal, especially if they want to start the business first. In such cases, be sure to get back to the task of creating the agreement if you have more time. No matter how many issues arise, it`s important to create this agreement to protect your shareholders. (This section simply ensures that shareholders cannot be diluted by issuing more shares. It gives shareholders the right to participate pro-rated in new sales of cash shares.) Even if it is not necessary, this document can have serious consequences if it is not available and used.
The two main consequences are a lack of money and disagreements that take place between shareholders and/or directors that cannot be resolved easily. This is a serious problem and can affect companies very strongly if they are not treated in the right way. (This section simply gives a smaller shareholder the right to „participate“ when a group of shareholders holding a majority of shares wishes to sell their shares. While most shareholders receive an offer from a buyer for 100% of the business, some shareholders may be „dragged“ and forced to sell their shares) A shareholders` agreement – or shareholders` agreement – is an agreement or contract outlining how the company is to manage. It also lists the rights and obligations of shareholders. You can use Contractbook`s free template to manage the entire contract lifecycle. (c) In the event of death or permanent disability (defined as inability to fulfil one`s obligations), 10% of all unassed shares are transferred immediately to the estate of the deceased. The company, if requested from the estate of the deceased, will purchase all the unshakable shares of the estate of the deceased at a price corresponding to the last agreed valuation of the company in accordance with Schedule B, provided that there is adequate key insurance for this purpose. . .