Free Stockholder Agreement Template
Stockholder Agreement
This Stockholder Agreement ("Agreement") is entered into as of January 15, 2069, by and between [YOUR NAME], an individual, and [YOUR COMPANY NAME], a company incorporated under the laws of the United States, and the parties whose names appear on the signature page hereof (collectively referred to as the "Stockholders").
WHEREAS, the Stockholders desire to enter into this Agreement to govern their respective rights, obligations, and restrictions concerning their ownership and management of Revelium (the "Company").
NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein, the parties agree as follows:
I. DEFINITIONS
For purposes of this Agreement, the following terms shall have the meanings assigned below:
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Shares: The equity interests in the Company owned by Stockholders.
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Transfer: Any sale, assignment, pledge, or other disposition of Shares.
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Fair Market Value: The value of Shares as determined in good faith by Quantum Valuation Partners, LLC, or a mutually agreed-upon appraiser.
II. REPRESENTATIONS AND WARRANTIES
A. By the Company
The Company represents and warrants that:
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It is duly incorporated and in good standing under the laws of United States.
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The execution of this Agreement has been duly authorized by all necessary corporate action.
B. By the Stockholders
Each Stockholder represents and warrants that:
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They have the legal capacity to enter into this Agreement.
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The Shares owned by them are free and clear of any liens or encumbrances.
III. STOCK OWNERSHIP AND TRANSFER RESTRICTIONS
A. Right of First Refusal
If a Stockholder wishes to transfer their Shares, they must first offer them to the Company and other Stockholders on the same terms.
B. Permitted Transfers
Transfers to immediate family members or trusts for estate planning purposes shall be permitted, provided the transferee agrees to be bound by this Agreement.
C. Prohibited Transfers
No Stockholder may transfer Shares to a competitor of the Company or any entity detrimental to the Company’s business interests.
IV. MANAGEMENT AND VOTING RIGHTS
A. Board of Directors
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The Board shall consist of 5 members.
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Each Stockholder agrees to vote their Shares to elect directors as specified in Exhibit A.
B. Major Decisions
The following actions require approval by at least 75% of the Stockholders:
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Amendments to the Articles of Incorporation.
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Issuance of new Shares.
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Sale or merger of the Company.
V. DIVIDENDS AND DISTRIBUTIONS
The Board shall determine dividends and distributions in accordance with the Company's Articles of Incorporation and applicable law.
VI. CONFIDENTIALITY
All parties agree to keep confidential any proprietary information regarding the Company, except as required by law or agreed upon in writing.
VII. TERMINATION
This Agreement shall terminate upon the earlier of:
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The dissolution of the Company.
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A unanimous written agreement of the Stockholders.
VIII. MISCELLANEOUS
A. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of United States.
B. Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements.
C. Amendments
Any amendments to this Agreement must be in writing and signed by all parties.
IX. SIGNATURES
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.
[YOUR NAME]
By: _______________________________
Title: Founder
[YOUR COMPANY NAME]
By: _______________________________
Title: CEO
Baby Bartell
By: _______________________________
Title: Angel Investor
Adrienne Daniel
By: _______________________________
Title: Venture Capitalist
Emily Carter
By: _______________________________
Title: Private Equity Partner