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Agreement to be signed by a new Shareholder when acquiring Stock in a Corporation from another Shareholder, pursuant to which new Shareholder agrees to be bound by existing Shareholders Agreement.
Details:
Agreement to be signed by a new Shareholder when acquiring Stock in a Corporation from another Shareholder, pursuant to which new Shareholder agrees to be bound by existing Shareholders Agreement.
Form Outline:
Assumption Agreement
TO: Name of Corporation (the "Corporation")
AND TO: List all other Shareholders Bound by Shareholders Agreement (the "Parties")
RE: Shareholders' Agreement dated Date of Shareholders Agreement (the "Shareholders' Agreement") concerning the Corporation
WHEREAS pursuant to the terms of the Shareholders' Agreement...
AND WHEREAS the Transferee has agreed to observe and to be bound by the terms of the Shareholders' Agreement...
NOW THEREFORE for good and valuable consideration...:
1. The Transferee acknowledges...
2. The Transferee covenants...
3. The Transferee hereby...
4. All notices, requests, demands or other communications...
5. Unless specifically defined herein...
6. This Agreement shall be governed by...
IN WITNESS WHEREOF the undersigned has duly executed this Assumption Agreement of the date first above written.
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Witness |
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Name of New Shareholder |
Corporation Forms
