Free Private Shareholder Agreement Template
Private Shareholder Agreement
This Private Shareholder Agreement ("Agreement") is entered into by and among the following parties (collectively referred to as "Shareholders"):
Parties
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Shareholder 1: [YOUR NAME], residing at [YOUR ADDRESS]
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Shareholder 2: Lyda Fadel, residing at Miami, FL 33103
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Shareholder 3: Franz Davis, residing at Boston, MA 02102
Recitals
WHEREAS, the Shareholders are owners of shares in [YOUR COMPANY NAME] ("Company"), a corporation organized and existing under the laws of [State/Country], with its principal place of business at [YOUR COMPANY ADDRESS].
WHEREAS, the Shareholders wish to enter into this Agreement to set forth their respective rights and obligations as shareholders of the Company.
Agreement
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Shareholders agree as follows:
1. Definitions
For purposes of this Agreement, the following terms shall have the meanings set forth below:
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"Shares" refers to the issued and outstanding shares of the Company.
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"Shareholder" refers to any of the undersigned parties to this Agreement.
2. Management of Company
The management and control of the business and affairs of the Company shall be vested in its Board of Directors. The Shareholders agree to vote their Shares in favor of the election of the following individuals to the Board:
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Director 1: Sigmund Corwin
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Director 2: Katherine Connel
3. Transfer of Shares
No Shareholder shall sell, assign, pledge, or otherwise transfer any Shares except in accordance with the terms and conditions set forth in this Agreement.
4. Dispute Resolution
In the event of any dispute arising out of or in connection with this Agreement, the parties shall first attempt to resolve the dispute through good faith negotiation.
5. General Provisions
5.1 Amendments. This Agreement may not be amended except by a written agreement executed by all Shareholders.
5.2 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Private Shareholder Agreement as of the [Date].
[YOUR NAME]
Shareholder
Shareholder
Shareholder
