4. EFFECT OF THE ABSENCE OF FORMALITY It is agreed that if the envisaged transfer of shares does not take effect due to a lack of formality (including, but not limited to, the irregular registration of the transfer in the company`s registers or due to a refusal by the directors of the company whose shares are transferred), the transfer of all the economic shares of the shares to the purchaser by the creation of a trust in favour of the purchaser as beneficiary, of which the shares constitute the object and the transferor is the trustee. A share transfer agreement is a contract that transfers the seller`s shares to the buyer, either by sale or by donation. It can also be used as a transfer form. 5.15 This Share Transfer Agreement is binding on both parties due to the conduct of both parties and despite a defect or error in the formality of its performance. This section mentions the transfer price of the shares agreed by both parties. 5.13 In the event that any clause (or part of a clause) is found to be illegal or invalid by a competent court or other judicial authority, this shall have the effect of nullity and shall only delete that clause (or part of a clause) and shall not invalidate this share transfer agreement in its entirety. A share purchase agreement should be used whenever a person or company sells or buys shares of a company from or from another person or business entity. The structure of a company`s shares is often found in the company`s articles of association. The class of shares, common shares or preferred shares, may affect the shareholder`s share of the corporation`s profits or the amount he or she receives in the event of the liquidation of the corporation, and whether a shareholder has voting or non-voting shares determines whether the shareholder is entitled to vote at meetings of shareholders. 1.3 The transfer is effective upon performance of this Share Transfer Agreement and payment of the amount referred to in clause 2.

This is a document required for the transfer of shares of a company. It describes the details of the party transferring the shares to another party. It may be amended under the conditions set by both parties. A common share is a type of share most often held by shareholders. A preferred share is usually a more valuable type of stock that can mean different things to a company depending on what was agreed upon when the company was formed. Preferred shares often do not have the right to vote. In addition, shareholders holding preferred shares generally receive priority for profits (or liquidation, if that happens) over common shareholders. On the basis of the principle of equality, mutual benefit and equal price, the parties agree, through friendly consultations regarding the transfer of 13% of the shares of Zhejiang Hongzhan New Materials Co., Ltd. (hereinafter referred to as the “Company”) held by Part A to Part B, the following: You mention here the number of shares, which are transferred to the purchaser with the voting rights, dividends and capital. One. Buyer would not be recognized as an issuer, insider, affiliate or partner of the Company within the meaning of recognized definitions or applicable securities laws and regulations.

b. Buyer is not bound by any agreement that would prevent transactions related to this Agreement. c. To the best of buyer`s knowledge, no legal action or action is pending against any party that would materially affect this Agreement. When drafting a share purchase agreement, it is important to provide details about the shares to be sold, para. B example the type of actions. Common, Preferred, Voting and Non-Voting are terms that can be used to describe actions. 5.16 The Assignor irrevocably indemnifies the Purchaser and undertakes to indemnify and hold the Purchaser harmless from any losses arising from any breach of the warranties or other conditions of this Share Transfer Agreement. 4. All payments are made in the form of a certified check, bank transfer or bank check for immediately available funds. In the case of a direct transfer, the Seller will provide the Buyer with the bank details at least 5 working days before the closing date. 5.5 Each Party hereby declares that it is not aware of any matter under its control that could adversely affect the performance of its obligations under this Share Transfer Agreement.

CONSIDERING that the Seller wishes to transfer the Shares to the Purchaser on the terms set out in this Share Transfer Agreement. Using a publication agreement template brings consistency and structure to your proposal and saves time and effort. To draft an effective stock transfer agreement, it is important to use small paragraphs. Dividing your content into small paragraphs improves readability. A license agreement for the source code of software from one company for use by another company. Here is a tailor-made agreement for you. PandaTip: This is an agreement on the transfer of shares (or shares). This model share transfer agreement is suitable for the transfer of shares of private and public companies and can be used instead of or in addition to a share transfer form. This share transfer agreement may also be amended to include special transfer conditions that would not be possible with a share transfer form and that are suitable for the transfer of shares of more than one company and several classes of shares. A share transfer agreement is signed between two parties. It serves as proof that the two parties have mutually agreed on the terms of the transfer of shares.

Revv`s drag-and-drop editor provides options for editing and formatting rich text. With this feature, you can quickly add/remove text, images, tables, etc. and create an effective suggestion template. 1.2 The transfer is absolute and includes all rights and obligations related to the shares, including but not limited to all rights to dividends, capital and voting rights, and for the avoidance of doubt, dividends due but not paid will be due and paid to the purchaser. A well-written share transfer agreement essentially consists of the following sections. You can add or remove sections and customize them according to the needs of the potential customer. Download this free share purchase agreement template as a Word document to negotiate the purchase of shares in a PandaTip company or organization: Add the cost here. If the shares are transferred as a gift, you must specify $10 as the cost. Indeed, in many states and countries, a contract on behalf of both parties requires damage or loss (even though it may be a nominal amount). The following are the essential elements of a share transfer agreement – CONSIDERING that the transferor is the registered owner of the shares listed in Schedule A (the “Shares”). 7.

NOTICE Notices issued under any provision of this Share Transfer Agreement shall be served in writing and may be served only if they are personally delivered by one party to another or served at the address of the Contracting Party concerned. Reviews can only be delivered and delivered in English. 5.14 This Share Transfer Agreement may be signed either in an original or in more than one consideration. PandaTip: You can initialize the pages of this agreement to ensure that the calendar cannot be changed later. A basic document for companies that use cleaning services for customers. Consult our model housekeeping contract to find out the legality of the agreement. Seller would not be recognized as an issuer, insider, affiliate or partner of the Company within the meaning of recognized definitions or applicable securities laws and regulations. Unless otherwise stated in the Company`s governing documents or on the front of the certificates of the Shares, the Buyer shall in no way be prevented or restricted from reselling the Shares in the future. c. The seller owns clear ownership of the shares and the shares are free from liens, encumbrances, security interests, fees, mortgages, pledges or adverse claims or other restrictions that would prevent the transfer of clear ownership to the buyer. d. Seller is not bound by any agreement that would prevent transactions related to this Agreement.

e. To Seller`s knowledge, no legal action or action is pending against any party that materially affects this Agreement. 5.8 Each party hereby warrants that it will not take any action that could prejudice, impede or impair the other party`s obligations under this Share Transfer Agreement. When buying all the shares of a company (100% of the shares), it is recommended to use an agreement to buy companies instead. One. Seller is the registered owner of the [Insert Number] shares (the “Shares”) of [Insert Company] (the “Company”). This Share Transfer Agreement (the “Agreement”) sets forth the conditions under which [ASSIGNOR`S NAME] (the “Assignor”), a company duly registered under the laws of [the STATE] with the registration number [REGISTERED NUMBER] and its registered address at [REGISTERED ADDRESS] transfers certain shares held by it to [NAME OF ASSIGNEE] (the “Assignee”), a company duly registered under the laws of [the STATE] with the registered number [REGISTERED NUMBER] and their registered address is at [REGISTERED ADDRESS] (collectively, the “Parties”). . . . .