5.15 This share transfer agreement binds the two parties because of the conduct of both parties and despite a defect or error in the formality of the execution of both parties. 5.8 Each party ensures that it does not take any action that could affect, obstruct or affect the obligations of the other party set out in this share transfer agreement. PandaTip: Sometimes pay a fee for the transfer of shares and the issuance of new shares, it is probably less than 50 USD, but you can first check. If you want these costs to be borne by the transferor or shared between the two parties, you can change the clause above. 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. 4. RESULTS OF THE FORMALITÉ IT is agreed that if the planned transfer of shares will not be effective due to a lack of formalities (including, but not only the incorrect registration of the transfer in the company`s registers or following a refusal by the directors of the company whose shares are transferred), the transfer of all economic shares of the shares by the creation of a trust in favour of the beneficiary in which the shares form the subject, and the assignor is the agent. 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. We take a few examples below: 3. COST OF TRANSFER It is agreed that the registration fee for the transfer of shares (if any) will be borne by the purchaser. 1.1 The assignor transfers all shares to the purchaser in absolute terms, taking into account the amount mentioned in point 2. 2. TRANSFERT PRICE It is agreed that the shares will be transferred at the price of [PRICE].