Simple Short Form Shareholders Agreement

It provides for the immediate issuance of new shares and, where appropriate, the increase in the company`s share capital. and if the material dispute cannot be resolved within a reasonable time or through the mediation and arbitration provisions contained in this Agreement, any shareholder (the “Initiating Shareholder”) may initiate a forced purchase or sale agreement (the “Shot Gun Commission”). Piggy Back Commission: A Piggy Back provision, also known as a “Tag Along” or “co-sale”, applies to majority shareholders who intend to sell a significant portion of their shares. It protects minority shareholders because the buyer must also buy his shares at the same price as the majority shareholder and therefore agrees to buy all the shares. .

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