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Shareholder Redemption Agreement
"Need a Shareholder Redemption Agreement for our Singapore tech startup to buy back 15% of shares from a departing co-founder, with payment to be made in three installments over 12 months starting March 2025."
1. Parties: Identification of shareholders and company involved in the redemption agreement
2. Background: Context of the redemption, including shareholding structure and reasons for redemption
3. Definitions: Key terms used throughout the agreement
4. Redemption Terms: Core terms including number of shares, redemption price, and payment terms
5. Conditions Precedent: Prerequisites that must be met before redemption can occur
6. Completion Mechanics: Process and timeline for executing the redemption
7. Representations and Warranties: Standard assurances from both parties
8. Governing Law and Jurisdiction: Specification of Singapore law and courts' jurisdiction
1. Tag-Along Rights: Rights of other shareholders to participate in the redemption when multiple shareholders are involved
2. Non-Competition: Restrictions on departing shareholders, typically used when redeeming shares of active/management shareholders
3. Tax Provisions: Specific tax treatment and responsibilities when significant tax implications exist
4. Confidentiality: Terms regarding confidential information when sensitive information is involved
1. Share Details Schedule: Detailed information about shares being redeemed
2. Valuation Report: Independent valuation of shares (if applicable)
3. Company Constitution Extract: Relevant sections of company constitution regarding share redemption
4. Board Resolutions: Copies of relevant board approvals
5. Payment Schedule: If redemption payment is to be made in installments
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