5.11 The securities contained in the share transfer agreement are included only as an editorial reference and, for ease of reference, are not part of the share transfer agreement. 3. COST OF TRANSMISSION It is agreed that the registration costs of the transfer of shares (if any) will be borne by the buyer. These are the details of the party selling or transferring their shares to another (the transferor), the quantity of shares to be transferred, the cost or value of each share, the company whose shares are transferred, etc. CONSIDERING that the contemptuous person wishes to transfer the shares to the assignee under the conditions laid down in this share transfer agreement. 2. TRANSFER PRICING It is agreed that the shares will be transferred at the price of [PRICE]. 5.5 Each party hereby declares that it is not informed of matters under its control that could have a negative or negative impact on the performance of its obligations under this Share Transfer Agreement. Shares are fixed identifiable units of capital representing a member`s interest in an enterprise. As soon as a party holds shares in a company, that party becomes a member of the company with the right to transfer and transfer the shares. Note that before this transfer can proceed, a party must hold shares in that business and cannot transfer more than it has.
PandaTip: When the transferred shares are sold, the “assignor” means the seller and the “buyer” means the buyer. 5.4 Each party hereby declares that it has all the necessary powers and authorizations to enter into this share transfer agreement. Once the documents are received, the company must delete the old share certificate and update its register of shareholders. Within two months of the transfer, a new transfer certificate must be issued to the transferee. The issuance of shares becomes mandatory for a new shareholder only when the company notifies it by this share certificate. The law prohibits a shareholder of a private company from transferring his shares to a non-member without first offering the same shares to existing shareholders. Therefore, where a shareholder intends to transfer his or her shares to a non-member, he or she must ensure that the articles of the corporation authorize such a transfer before completing this document. After completing this form, the recipient and the buyer(s) must sign this document. If one of the parties is a company, the company can affix its common seal to the document, and either two directors or a director and secretary should sign the document.
Alternatively, if there is no common seal, this document can be signed, sealed and delivered by two directors or a director and a secretary. 5.16 The assignor irrevocably releases and undertakes to exempt the assignee from any loss resulting from a breach of the warranties or other conditions of the share transfer agreement. . . .