5.5 Each contracting party heressover states that it is not aware of any issues under its control that could have a negative or adverse effect on the performance of its obligations under this share transfer agreement. 5.14 This share transfer contract can be executed either as an original or in addition to a pendant. The law prohibits a shareholder of a private company, with the exception of the statutes, from transferring his shares to a non-member without first offering the same shares to existing shareholders. Therefore, where a shareholder intends to transfer its shares to a non-member, it must ensure that the company`s by-law authorizes such a transfer before it is able to complete it. 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. 6. VARIATION This share transfer agreement may be amended and any changes must be made in writing by both parties. 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.
one. The seller is not recognized as an issuer, insider, partner or partner of the company, as defined or recognized by applicable securities laws and regulations. B. Unless indicated in the company`s constituent documents or as shown on the face of the share certificates, the purchaser would not be prevented or restricted from reselling the shares in any way in the future. c. The seller is the net ownership of the shares and the shares are exempt from any pledges, charges, security interest, fees, mortgages, mortgages, mortgages or adverse claims, or other restrictions that would prevent the transfer of a clear property to the buyer. d. The seller is not bound by an agreement that would prevent transactions related to this agreement.
E. There is no legal action or action against any party aware of the sale case that would seriously prejudice the agreement.