Sample Shareholders Agreement South Africa

If the company splits and the principles of the first management of the company and the remaining shareholders in the company are not established, the transaction could be destroyed by the departure of the parties. 10.5. Despite the above, no dividends are paid until all shareholder loans and, if applicable interest, as well as all amounts liabilities earned from the company`s lenders have been paid. 4.2. The provisions of this Agreement prevaltely in any contradiction between the provisions of this Agreement and the Memorandum or Statutes of the Society. 4.3. Shareholders take the necessary steps to amend the Memorandum and the Company`s by-law so that they are in accordance with the provisions of this agreement. 10.6. Shareholders declare dividends and obtain payment within 30 days of the Company`s financial statements. 11.1. The parties choose as their home citandi and executiveandi for all uses of this Agreement, whether with respect to legal proceedings, communications or other documents or communications of any kind, the following addresses: A shareholders` pact can be prepared at reasonable prices and will save a considerable amount of legal fees and litigation across the board.

No shares may be issued except through a rights offer proportional to all shareholders on that date. If a shareholder does not respect his rights, he is deemed to have renounced the other shareholders who follow their rights in the same proportions as their rights. Shareholders accept that if a shareholder does not have the financial means to follow his rights, the obligation to issue preferential rights does not constitute unjustified, unjust or unjust conduct. This agreement is appropriate for any private company, regardless of its activity. It`s about rights, power, control and security, not your business. Among the aspects to be taken into account in the shareholders` pact are: the frequent errors of mentality that cause the delay in the formation of shareholder agreements: the document contains additional provisions for the transfer of shares by majority shareholders to several others who, together, own more than he alone.

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