Transfer Share Agreement
5.6 The rights, benefits, commitments and liabilities contained in the terms of this Share Transfer Agreement may be assigned by any party with the prior written consent of the other party. PandaTip: When the transferred shares are sold, the „assignor“ means the seller and the „buyer“ means the buyer. The law prohibits a shareholder of a private company from transferring his shares to a non-member without first offering the same shares to existing shareholders. Therefore, where a shareholder intends to transfer his or her shares to a non-member, he or she must ensure that the articles of the corporation authorize such a transfer before completing this document. PandaTip: Sometimes companies charge a fee for transferring shares and issuing new share certificates, probably less than $50, but you might want to check that first. If you want these costs to be borne by the donor or shared between the two parties, you can change the above clause. The two main classes of shares that may be transferred are: CONSIDERING that the contemptuous is the registered owner of the shares or shares referred to in Schedule A (the „Shares“). While Party B agrees to accept 100% of Lake Communication`s shares from Party A. After the friendly compromises of the two parties were concluded with the principle of equity, the two parties had agreed, when transferring 100% of Lake Communication shares from Party A: there may be provisions in the shareholders` agreement or articles of association detailing the price of the shares. However, some „triggering events“ automatically mean that shares are sold at market value or par value.
These provisions are called „Good Leaver“ and „Bad Leaver“. 5.7 Any delay or otherwise in the terms of this Share Transfer Agreement and any delay in responding to a breach of its lifetime by a party shall not constitute a waiver of such rights. The shareholders` agreement should define a comprehensive definition of the concept of „good start“. Subsequently, the company should submit this document to the Commission des affaires d`entreprise (CAC), along with a decision of the board of directors authorizing the transfer and a completed CAC 2A (Return of Allotment) form. 3. COST OF TRANSMISSION It is agreed that the registration costs of the transfer of shares (if any) will be borne by the buyer. While Part B intends to share all the actions of Songyuan City Liuhe Co., Ltd. (the „Liuhe“) following voluntary negotiations and on an equal footing between the parties, the parties conclude this agreement on the basis of the Memorandum of Understanding signed on 26.03.2011 (the Memorandum of Understanding), the Law on Contracts, Company Law and other related laws and regulations. . . .