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Share Subscription And Shareholders Agreement
"I need a Share Subscription and Shareholders Agreement for a Malaysian technology startup where two venture capital firms will subscribe to Series A preference shares, representing 30% of the company, with specific focus on anti-dilution protection and board appointment rights."
1. Parties: Identifies all parties to the agreement including the company, existing shareholders, and new subscribers
2. Background: Recitals explaining the company's current situation, shareholding structure, and purpose of the agreement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Subscription of Shares: Details of the share subscription including number of shares, price, and payment terms
5. Completion: Conditions precedent, completion mechanics, and timing for the share subscription
6. Warranties and Representations: Standard warranties from the company and existing shareholders to the subscribers
7. Board Composition and Management: Structure of the board, appointment rights, and management provisions
8. Reserved Matters: Decisions requiring special approval from certain shareholders or board members
9. Share Transfer Restrictions: Limitations on transfer of shares and pre-emptive rights
10. General Meetings and Voting: Procedures for shareholder meetings and voting rights
11. Dividend Policy: Agreement on distribution of profits and dividend declaration
12. Information Rights: Shareholders' rights to company information and financial statements
13. Confidentiality: Obligations to maintain confidentiality of company information
14. Term and Termination: Duration of the agreement and circumstances for termination
15. Dispute Resolution: Procedures for resolving disputes between parties
16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Tag-Along Rights: Used when minority shareholders need protection to sell their shares alongside majority shareholders
2. Drag-Along Rights: Include when majority shareholders might need to force minorities to join in a sale
3. Anti-Dilution Protection: Important when dealing with preference shares or protecting against future down-rounds
4. Non-Competition and Non-Solicitation: Include when shareholders are also involved in business operations
5. IPO Rights: Include if there's potential for future public listing
6. Put and Call Options: Used when parties want specific exit mechanisms
7. Deadlock Resolution: Important for 50-50 joint ventures or where major decisions require unanimous consent
8. Multiple Classes of Shares: Include when dealing with different share classes and their respective rights
9. Employee Share Scheme Provisions: Include if the company has or plans to implement an employee share scheme
1. Share Capital and Shareholding Structure: Details of current and post-subscription shareholding structure
2. Company Information: Key corporate information including directors, secretary, registered office
3. Subscription Details: Detailed breakdown of share subscription including valuation calculations
4. Warranties: Comprehensive list of warranties given by the company and existing shareholders
5. Reserved Matters List: Detailed list of matters requiring special approval
6. Form of Deed of Adherence: Template for new shareholders to join the agreement
7. Business Plan: Company's business plan and financial projections
8. Key Performance Indicators: Metrics for measuring company performance
9. Completion Obligations: Checklist of actions required at completion
10. Board Regulations: Detailed procedures for board meetings and operations
Authors
Affiliate
Agreement
Board
Business
Business Day
Business Plan
Call Option
Completion
Completion Date
Confidential Information
Constitution
Director
Drag Along Notice
Drag Along Right
Effective Date
Encumbrance
Event of Default
Exercise Notice
Exercise Period
Exercise Price
Fair Market Value
Financial Year
Group
Identity Card
Independent Valuer
Initial Business Plan
Intellectual Property Rights
Listing
Material Adverse Change
New Securities
Ordinary Resolution
Parties
Pre-emptive Right
Put Option
Registered Address
Related Company
Reserved Matters
Sale Shares
Share Capital
Shareholders
Shares
Special Resolution
Subscription Price
Subscription Shares
Tag Along Notice
Tag Along Right
Transfer
Transfer Notice
Warranties
Share Subscription
Payment Terms
Completion
Conditions Precedent
Warranties and Representations
Board Composition
Management Rights
Reserved Matters
Transfer Restrictions
Pre-emptive Rights
Tag Along Rights
Drag Along Rights
Anti-dilution Protection
Information Rights
Dividend Policy
Non-competition
Non-solicitation
Confidentiality
Board Meetings
Shareholder Meetings
Voting Rights
Default
Termination
Exit Rights
Put Option
Call Option
Deadlock Resolution
Dispute Resolution
Governing Law
Force Majeure
Assignment
Notices
Costs
Severability
Entire Agreement
Amendment
Waiver
Technology and Software
Manufacturing
Financial Services
Healthcare
Real Estate
E-commerce
Telecommunications
Energy and Utilities
Professional Services
Education
Retail
Biotechnology
Agriculture
Construction
Media and Entertainment
Transport and Logistics
Legal
Corporate Finance
Compliance
Board of Directors
Company Secretariat
Investment
Risk Management
Corporate Governance
Business Development
Shareholder Relations
Chief Executive Officer
Chief Financial Officer
Company Secretary
Legal Counsel
Corporate Lawyer
Investment Manager
Venture Capital Partner
Private Equity Manager
Board Director
Company Director
Corporate Finance Manager
Investment Banker
Compliance Officer
Risk Manager
Business Development Director
Shareholder Relations Manager
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