Blank Shareholders' Agreement Template

SHAREHOLDERS’ AGREEMENT
THIS SHAREHOLDERS’ AGREEMENT (hereinafter referred to as the “Agreement”) entered
into _________________ [Instructions: Insert the date of this agreement] by and between
_____________________ [Instructions: Insert the Corporation’s name] (hereinafter referred
to as the “Company”) and __________________, [Instructions: Insert a Shareholder’s name]
__________________, [Instructions: Insert a Shareholder’s name] __________________,
[Instructions: Insert a Shareholder’s name] __________________, [Instructions: Insert a
Shareholder’s name] [Instructions: Add or remove lines as necessary to include every
Shareholder entering into this agreement] (each of whom is sometimes referred to hereinafter
individually as “Shareholder” and collectively as “Shareholders”).
WHEREAS, Company is duly incorporated on ________________, [Instructions: Insert the
date the corporation was incorporated] and pursuant to the laws of the State of
__________________, [Instructions: Insert the state of incorporation] and Company’s
Articles of Incorporation (the “Articles”) authorized a total of _______________ (_____)
[Instructions: Insert the total number of shares that could be issued] shares of
___________________ [Instructions: Insert type of stock (for example: common stock,
without par value)] (each a “Share,” the totality of which comprise all shares of Company,
whether now or hereafter authorized or existing) and has an authorized capital consisting of
_________________ (___) shares; [Instructions: Insert the total number of shares that have
been issued as of the date of this agreement]
WHEREAS, at the date set forth above, ________________ (___) [Instructions: Insert the
total number of shares that have been issued as of the date of this agreement] Shares of
Company are presently issued and outstanding;
WHEREAS, Company and Shareholders desire to enter into this Agreement, which sets forth
the limitations for the transfer of Shares, the disposition of Shares upon a Shareholders death,
and certain other matters;
NOW, THEREFORE, in consideration of the foregoing and of the mutual promises and
covenants contained herein, and other good and valuable consideration, the receipt of which is
hereby acknowledged, the Parties hereto agree as follows:
1. RESTRICTIONS
A. No Shareholder of Company shall transfer, sell, assign, pledge, or hypothecate
(“Transfer”) any of that Shareholder’s Shares to any other party, whether now owned
or hereafter acquired, except as permitted by this Agreement. A Shareholder is
expressly permitted to Transfer, that Shareholder’s Shares to a grantor trust for the
Shareholder’s own benefit or to a third party provided that the Shareholder obtains the
prior written consent of Company and the other Shareholders.
B. By Company’s execution of this Agreement, Company hereby agrees that it shall not
Transfer any Shares on the books of Company, unless such Transfer of Shares is
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