Free Simple Shares Agreement Template
Simple Shares Agreement
Purpose
This Simple Shares Agreement ("Agreement") is entered into as of the effective date set forth below by and among the parties identified herein for the purpose of defining the terms and conditions under which shares are distributed, held, and managed.
Parties
Shareholder 1: [Your Name], [Your Company Address], [Your Company Number]
Shareholder 2: Jean Harris, Austin, TX 73301, 222 555 7777
Definitions
"Shares": Refers to the units of ownership in the company that are subject to this Agreement.
Terms and Conditions
Issuance of Shares
The Company agrees to issue 5 shares to Shareholder 1 and 4 shares to Shareholder 2.
Rights and Obligations
Each Shareholder shall have respective rights and obligations as set forth by the company's bylaws and applicable law.
Transfer of Shares
Transfer of shares is subject to approval by the Board of Directors and must comply with applicable securities laws.
Dividends
Dividends shall be distributed to the Shareholders according to their proportionate ownership of shares, as determined by the Board of Directors.
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 Agreement as of the effective date.
[YOUR NAME]
Shareholder
Shareholder
