Sample Shareholders Agreement Nigeria

(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.) PandaTip: Change according to the number of shareholders; Sometimes there are only two. 6.3 In the event that, in accordance with one or more provisions of this Agreement, one or more shareholders sell, assign, transfer or transfer their shares to any other person, company or entity other than one of these Parties, no such transfer may take place or be effective, and no application shall be made to the Company to register such a transfer; until such a transfer is ensured by the proposed buyer. agreement with the other parties having the same effect as this agreement and any other agreement concerning the undertaking to which contempt is a party. Depending on the preference of the parties, the towing provision may be included to protect the rights of the majority shareholder. This provision allows a majority shareholder willing to sell its shares in a merger or acquisition to compel minority shareholders (who are not normally willing to sell their shares) to sell their shares at a fair price. List of all parties to this Agreement, including their names, addresses and number of shares held in the company. 5.4 When the shareholders accept the offer mentioned in the issue communication, the shareholders will subscribe to the shares issued in accordance with the issue communication and will make a written subscription in accordance with it, which will be immediately accepted by the company. Shareholders have the right to subscribe for and acquire the issued shares in the shares they have agreed upon or, if they do not agree, in their ordinary shares. There are a number of important concerns and clauses that should be taken into account in the preparation of a shareholders` agreement, such as dividend policy, voting rights, the right to appoint board members, the right of access to financial reports, etc. Seven of them are listed below: given that the lack of a (well-prepared) shareholders` agreement in your startup could make or break your startup or business, wouldn`t you prefer to fix it today before it`s too late? The usefulness of the shareholders` agreement makes it an essential instrument for governance and the safeguarding of the interests of the shareholders envisaged. When drawing up contractual conditions, it should be ensured in other areas that the contractual conditions comply not only with the contractual rules and existing company transaction laws, but also that the shareholders` agreement is sufficiently detailed to cover all the essential interests of the shareholders. It is therefore recommended to obtain professional legal expertise.

(a) Shareholders may mortgage their shares as security for all loans they have taken out, provided that the pledge holder enters into a written agreement, provided that the pledge creditor is subject to all the terms of this Agreement. A shareholders` agreement is a contract between a company and its shareholders, which describes how the company is managed and defines the rights, obligations and obligations of the shareholders.

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