Shareholding Agreement

9.1 If the parties fail to reach agreement on matters that require a majority, consensus or that can reasonably be described as a lock-in situation, the parties shall proceed in accordance with the following procedure: (a) Shareholders may mortgage their shares as security for any bonds issued by them, provided that the pledge holder performs a contract, in writing, provided that: that the pledge creditor is subject to all the conditions of this Agreement. 7.2 In the event of disagreement, either party may require that a dividend of 20% of the company`s profits after tax be paid proportionally between the shareholders. PandaTip: This model shareholder agreement defines the conditions under which company shareholders interact with each other and what happens if one or more wish to withdraw from the business or if something happens that requires a shareholder to exit or close the company. Entrepreneurs may also wish to include who can be a shareholder, which happens when a shareholder is no longer able to actively hold their shares (e.g.B. is disabled, dies, resigns or is dismissed) and who has the right to be a member of the board of directors. There are also certain risks that may be associated with the establishment of a shareholders` agreement in certain countries. .