On the basis of the principle of equality, mutual benefits and the same price, by friendly consultation, on the question of the transfer of 13% of the shares of Zhejiang Hongzhan New Materials Co., Ltd. (hereafter referred to as “company”), held by Part A to Part B, the parties here again agree: companies that offer several types of shares sometimes have a series (Class A). , Class B, Class C, etc.), which may be worth different sums of money. For example, 100 Class A common shares may not be of the same value as 100 Class B. Xi`an New Land Development Co., LTD (“New Land”), jointly owned by Party A, is now working with the Xi`an In Xi District Government to develop the BaQiao Science-Technology Industrial Park, a provincial development area in Shaan`xi province. This development area has already been mentioned in the general planning of the city of Xi`an by the central government of Xi`an, with trade and trade, tourism, residence and logistics being the integrated core activities. Because of its geographical advantages, it has a future perspective. With respect to the transfer of ownership of neuland shares, as part of the negotiations between the two parties “Corporation Law of P.R.C” and other relevant laws and regulations, and in accordance with the principle of equality and mutual benefit, both parties have entered into the following agreements: If you are confused as to what this agreement means and what benefits , this article will shed some light on that. Keep reading and you will understand that most things are only a matter of minutes.
5.13 In the event that a clause (or part of a clause) is found to be unlawful or invalidated by a competent court or other legal authority, this has only the effect of nullity and absence of that clause (or part of a clause) and will not invalidate that share transfer contract entirely. 5.11 The securities contained in this share transfer agreement are included only as an editorial reference and do not present part of the share transfer contract for the easier reference. 3. COST OF TRANSFER It is agreed that the registration fee for the transfer of the shares (if any) will be borne by the purchaser. PandaTip: WARNING! Transfer of partially paid shares (less than 100%) an obligation of the purchaser and is the same as the transfer of a debt. In the last example (Acorn Trading), obtaining these shares would create a $9,000 commitment for the new shareholder. 5.12 This share transfer agreement may be carried out in more than one language between the parties and, in the event of a conflict between the various translations of this share transfer agreement, the English version prevails. 5.7 Any delay or non-application of the terms of this share transfer agreement and any delay in the event of a violation of its clause by a party does not constitute a waiver of those rights. If you and two z.B.
business partners all have the same shares in a company and a partner wants to resign, a share purchase agreement can be used to buy the shares of the stripper partner. Shares are fixed identifiable capital units that constitute a member`s participation in a company. As soon as a party holds shares in a company, that party becomes a member of the company with the right to transfer and transfer the shares. Note that before this transfer can be made, a party must hold shares in that company and cannot transfer more than it has. Download this free model of shareholder agreements in word form to create a new transaction with multiple shareholders 5.3 The assignor guarantees no fees or other obligations for the shares, whether they are registered and completely free of charges (except for any obligation to pay the principal in the event of partially paid shares).