Equity Shares Agreement Template for Nigeria

1. Tag-Along Rights: Include when minority shareholders need protection to sell their shares alongside majority shareholders

2. Drag-Along Rights: Include when majority shareholders need the right to force minority shareholders to join in the sale of shares

3. Pre-emptive Rights: Include when existing shareholders should have first right to purchase new share issuances

4. Foreign Investment Provisions: Include when any party is a foreign investor, addressing NIPC requirements

5. Share Valuation: Include when specific valuation mechanisms need to be established for future share transfers

6. Board Representation: Include when the share transfer includes rights to board seats

7. Non-Competition: Include when selling shareholders need to be restricted from competing

8. Dividend Policy: Include when specific dividend distribution rules need to be established

1. Share Capital Structure: Details of the company's entire share capital structure and shareholding pattern

2. Share Certificates: Copies of relevant share certificates to be transferred

3. Corporate Authorizations: Copies of board and shareholder resolutions approving the transfer

4. Completion Obligations: Detailed list of documents and actions required for completion

5. Disclosure Letter: Disclosures against the warranties given in the main agreement

6. Company Information: Key company information including assets, liabilities, and material contracts

7. Transfer Forms: Pro-forma share transfer forms required under Nigerian law

8. Regulatory Approvals: Copies of required regulatory approvals and filings