Shareholders Agreement Sample Nigeria

PandaTip: Change based on the number of shareholders; Sometimes there are only two. A shareholder contract is a contract between a company and its shareholders, which defines how the company is managed and the rights, obligations and obligations of shareholders. The objective of this agreement is to protect the rights of investors (who are also shareholders) and their investments and to strike the right balance between shareholders and the company. List of all parties to this agreement, with their names, addresses and number of shares held in the company. 6.3 In the event that, under the terms of this agreement, one or more of the shareholders may sell, sell, transfer, transfer, transfer or transfer one of its shares to a person, company or company other than any of the parties involved, the transfer is not made or effective and no application to register such a transfer to the company is made until the purchaser has entered into an agreement with the other parties agreement and any other agreement. with the company in which the ceding company is involved. There are a number of important concerns and clauses that should be taken into account when preparing a shareholder pact, such as dividend policy, voting rights, the right to appoint board members, the right to access financial reports, etc. Seven of these are listed below: contributions to capital and financial contributions – they contain clauses defining the initial contributions of shareholders and how future capital contributions or financing agreements are to be made. In the event that a candidate on the board of directors of one of the shareholders does not vote on the provisions of this agreement and acts as a director, the shareholders agree to exercise their right as shareholders of the company and in accordance with the company`s statutes, to remove that candidate from the board of directors and to elect such a person on the spot or even in their place who will do its best to implement the provisions of this agreement. , but only if the shareholder whose candidate has been withdrawn does not appoint a successor within fourteen days of the date on which the candidate was withdrawn.

Normally, a shareholder contract is a pre-foundation contract. But it`s just ideal. The reality today is that a shareholder contract is used at all times. If this is the case, it is the author`s duty to ensure that the provisions of the shareholders` pact do not conflict with the company`s statutes. That`s because the statutes are excellent. NOW THIS ACCORD THAT the parties to this agreement agree as follows, given the premises and mutual agreements: Of the 7 considerations and clauses mentioned above, you can already see why your start-up urgently needs a shareholders` pact. Here are 4 things a shareholder contract will help: B. Pat, Chris and Jean are the founding shareholders (the “founders”) of the company and Mikey is an angel investor; The sale and transfer of shares – These clauses govern the holding of shares and the terms of the transfer of shares. Most shareholder agreements would include pre-emption clauses or pre-accession clauses to prevent undesirable third parties from acquiring shares in the company and to regulate the sale of shares to outside third parties.