5.12 This share transfer agreement may be concluded by mutual agreement between the parties in more than one language and, in the event of a conflict between the different translations of this share transfer agreement, the English version shall have priority. This model assumes that 100% of the shares of a target company in the form of a public limited company are transferred from a seller (intra-group) to a buyer (intra-group). In addition, the agreement is based on the principle that the transaction will be concluded immediately after the signing of the contract. Completion consists of the payment of the purchase price by the buyer and the delivery by the seller of the usual closing documents (for example. B share certificates or declarations of disposal, the decision of the board of directors of the target company regarding the agreement of the buyer as a new shareholder, the updated share register, etc.). Please note that all subsidiary documents necessary for the execution of the transfer of shares (declarations of assignment, decision of the board of directors); Share registers, etc.), are not included in this model. PandaTipp: Add the cost here. If the shares are transferred as a gift, you should note $10 usd as a fee. This is because in many States and countries a treaty on behalf of both parties requires a certain disadvantage or loss (even though it may be a nominal amount). 5.15 This share transfer agreement is binding on both parties due to the conduct of both parties and despite a defect or error in the formality of its execution. 5.10 Unless it follows from the wording of a clause and with regard to the entire share transfer contract, that a given clause must mean something other than: all words that are only in the singular are considered plural (and vice versa) and all words designated in a given sex are considered all genders and all terms, persons who designate a particular form of person or persons apply to both legal persons (e.g.B. enterprises) and natural persons (and vice versa).
5.14 This share transfer agreement may be executed either in an original or in more than one consideration. 4. IMPACT OF THE ABSENCE OF FORMALITY It is agreed that, if the planned transfer of shares is not effective due to a lack of formality (including, but not limited to, the non-registration of the transfer in the company`s registers or due to a refusal by the directors of the company whose shares are transferred), the transfer of all economic interests in the shares to the transferee through the creation of a trust the transferee in as a beneficiary, in which the actions constitute the object and contemptuous of the agents. 1.3 The transfer takes effect with the execution of this share transfer contract and the payment of the amount set out in clause 2. 5.16 The assignor irrevocably releases and undertakes to exempt the assignee from any loss resulting from a breach of warranties or other conditions of the share transfer agreement. 5.3 The heir guarantees that the shares, whether registered or not, are not congested or other, and that they are absolutely not congested (with the exception of a capital payment obligation for partially paid-up shares). PandaTipp: Maybe you want to initialize the pages of this contract to make sure that the calendar cannot be changed later. 5.13 In the event that a clause (or part of a clause) is held to be illegal or invalid by a competent court or other legal authority, it has the effect of invalidity and only removes that clause (or part of a clause) and does not invalidate this share transfer agreement as a whole. .