5.10 Unless the text of a clause and the entire share transfer contract indicate that a specific clause must mean something other than: all words that are only in the singular are considered plural (and vice versa) and all words indicated in a given sex are considered to be all sexes and all terms that refer to any form of person or person , are considered to be both legal entities (for example. B companies) and individuals (and vice versa). PandaTip: WARNING! Transfer of partially paid shares (less than 100%) an obligation of the purchaser and is the same as the transfer of a debt. In the last example (Acorn Trading), obtaining these shares would create a $9,000 commitment for the new shareholder. This share transfer agreement (the „agreement“) defines the conditions under which [TRANSFEROR NAME] (the „Transferor“), a company, which is duly registered in accordance with [STATE` law] with the registered number [REGISTERED NUMBER] and which has its address registered under [REGISTERED ADDRESS], that it transfers certain shares held by it to [TRANSFEREE NAME] (the „Transferee“), a company duly registered in accordance with the law of [STATE] with the registered number [REGISTERED NUMBER] and which has its address registered with [REGISTERED NUMBER] ADDRESS] (together), the „parties“). 2. TRANSFERT PRICE It is agreed that the shares will be transferred at the price of [PRICE]. 5.12 This share transfer agreement may be carried out in more than one language between the parties and, in the event of a conflict between the various translations of this share transfer agreement, the English version prevails. 5.7 Any delay or non-application of the terms of this share transfer agreement and any delay in the event of a violation of its clause by a party does not constitute a waiver of those rights.
PandaTip: This schedule should include all shares or shares transferred as part of this share transfer agreement. When shares or shares are transferred to more than one company, they should have their own line in a table such as the one below. They should present the transferred actions in the most detailed way possible. Try to include the class of shares, the face value of the shares and their payment. Below are a few examples: 5.4 Each party hereafter states that it has all the powers and authorizations necessary to enter into this share transfer agreement. 5.13 In the event that a clause (or part of a clause) is found to be unlawful or invalidated by a competent court or other legal authority, this has only the effect of nullity and absence of that clause (or part of a clause) and will not invalidate that share transfer contract entirely. Under federal law, the supplier deducts service charges from the amount transferred.