In addition, the Company is not required to include in a registration statement made pursuant to this section 1.02 all shares of Registrable Common Stock subject to an effective and up-to-date registration statement under the share transfer agreement. PandaTip: When the transferred shares are sold, the “transferor” means the seller and the “seller” the buyer. Companies that offer several types of shares sometimes also have a series (Class A, Class B, Class C, etc.) that may be worth different amounts of money. For example, 100 Class A common shares may not be of the same value as 100 Class B Shares. PandaTip: this schedule should include all shares or shares transferred under this share transfer agreement. When shares or shares are transferred to more than one company, they should have their own line in a table such as the one below. They should present the transferred actions in the most detailed way possible. Try to include the class of shares, the face value of the shares and their payment. Below are a few examples: LE Transferor wishes to transfer the shares to the purchaser on the terms set during this share transfer contract. A common share is a type of share that is most often held by shareholders. Preferred action is usually a more valuable type of action that can mean different things to a company depending on the creation of the business. Preferred shares often do not have the right to vote. In addition, preferred shareholders generally get priority over profits (or liquidation if they occur) over common shareholders.
A share transfer agreement may be used in combination with a share purchase agreement and a subscription agreement if the payment of the seller`s shares is made with shares of the purchase company (the “counterparty”) This type of transaction is common in the planning of the succession as part of a rollover.