Free Nominee Shareholder Agreement Template
NOMINEE SHAREHOLDER AGREEMENT
This Nominee Shareholder Agreement ("Agreement") is made and entered into as of June 19, 2050, by and between [Nominee Shareholder], hereinafter referred to as the "Nominee Shareholder," and [Client Name], hereinafter referred to as the "Client."
1. Background
1.1 Purpose: The Nominee Shareholder, upon the request of the Client, agrees to hold certain shares of [Your Company Name], hereinafter referred to as the "Company," on behalf of the Client as a nominee.
1.2 Regulatory Compliance: The parties acknowledge that this arrangement is entered into to comply with legal or regulatory requirements imposed by government authorities or industry regulators, including but not limited to restrictions on foreign ownership or specific shareholder qualifications.
2. Appointment of Nominee Shareholder
2.1 Appointment: The client identified in this document, with all applicable rights and responsibilities, does hereby officially appoint the individual or entity described as the Nominee Shareholder, to take on the role and responsibilities of its nominee. The main role of the Nominee Shareholder, as specified in this appointment, is to hold in safekeeping and administer all shares of the Company that are specifically detailed and explained within this document.
2.2 Acceptance: The individual who is appointed as the Nominee Shareholder has accepted their given appointment. Furthermore, this individual has also agreed to undertake and fulfill the role of the nominee shareholder representing the Client.
3. Shares Subject to Nominee Arrangement
3.1 Description: By this nominee arrangement, the shares that are subject to it shall correspond to a total of twenty-three thousand, four hundred and fifty-six shares of the Company.
3.2 Transfer of Shares: The Client agrees to transfer the specified shares to the Nominee Shareholder, and the Nominee Shareholder agrees to hold such shares by the terms of this Agreement.
4. Rights and Obligations
4.1 Rights of Client: The Client shall retain all rights associated with the shares held by the Nominee Shareholder, including but not limited to voting rights, dividend rights, and rights to inspect corporate records.
4.2 Obligations of Nominee Shareholder: The Nominee Shareholder agrees to hold the shares solely for the benefit of the Client and shall not exercise any rights associated with the shares except as instructed by the Client.
5. Indemnification
The Client affirms their agreement to safeguard the Nominee Shareholder by compensating for any loss and securing them against any liability. This involves shielding them from all assertions of rights, responsibilities, damages, outlays, and expenses that may surface as a consequence of, or about, the Nominee Shareholder's function in the capacity of a surrogate shareholder.
6. Term and Termination
6.1 Term: This Agreement is set to begin on the effective date that was previously agreed upon. It will continue to remain in effect and will stay valid until it is terminated as per the provisions that have been provided and detailed within this present agreement.
6.2 Termination: This Agreement may be terminated by either party, given that they provide a written notice to the other party at least 30 days in advance of the intended termination date.
7. Governing Law and Dispute Resolution
7.1 Governing Law: This Agreement shall be governed by and construed by the laws of [Jurisdiction].
7.2 Dispute Resolution: Any dispute arising out of or relating to this Agreement shall be resolved through arbitration by the rules of [Arbitration Institution].
8. Miscellaneous
8.1 Entire Agreement: This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether oral or written.
8.2 Amendment: This Agreement may only be amended by a written instrument signed by both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Nominee Shareholder]
[Client Name]
