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Shareholder Settlement Agreement
"Need a Shareholder Settlement Agreement for our Singapore-based tech startup to facilitate the exit of two minority shareholders who hold 15% combined equity, including share transfer terms and non-compete provisions, to be completed by March 2025."
1. Parties: Identification of all shareholders and the company involved
2. Background: Context of the dispute or situation leading to settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Core agreement on how the dispute will be resolved
5. Payment Terms: Details of any financial settlements
6. Release and Discharge: Mutual release of claims
7. Confidentiality: Terms regarding non-disclosure of settlement details
8. Governing Law: Specification of Singapore law as governing law
1. Share Transfer Provisions: Detailed terms and procedures for the transfer of shares between parties, including valuation methods and timing
2. Non-Compete Clauses: Restrictions on future business activities and competition, including scope and duration
3. Tax Indemnities: Provisions for protection against tax liabilities arising from the settlement
4. Resignation Provisions: Terms and conditions for the resignation of directors or officers as part of the settlement
1. Schedule 1 - Share Certificate Details: Comprehensive list of share certificates involved in the settlement, including certificate numbers and shareholding details
2. Schedule 2 - Payment Schedule: Detailed timeline and structure of settlement payments, including amounts and payment methods
3. Schedule 3 - Release Documents: Forms and notices required for implementing the settlement agreement
4. Schedule 4 - Company Resolutions: Required corporate approvals and resolutions to effect the settlement
5. Schedule 5 - Share Transfer Forms: Official documentation and forms required for share transfers
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