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Stock Redemption Agreement
"Need a Stock Redemption Agreement for our Singapore-based technology company to buy back 25,000 shares from a retiring founder by March 2025, with payment to be made in three installments over 18 months."
1. Parties: Identification of the company and selling shareholders
2. Background: Context of the redemption and current shareholding structure
3. Definitions: Key terms used throughout the agreement
4. Redemption Terms: Number of shares, price, and payment terms
5. Conditions Precedent: Requirements to be met before redemption
6. Completion Mechanics: Process and timing of the redemption
7. Representations and Warranties: Standard assurances from both parties
8. Governing Law and Jurisdiction: Application of Singapore law and dispute resolution
1. Tag-Along Rights: Used when other shareholders have rights to participate in the redemption
2. Earn-out Provisions: When redemption price includes future performance elements
3. Non-Competition: Required when selling shareholders need to be restricted post-redemption
4. Tax Indemnities: When specific tax arrangements need to be addressed
1. Share Details: Details of shares being redeemed including share certificates
2. Completion Requirements: Checklist of documents and actions required at completion
3. Board Resolutions: Required corporate approvals
4. Calculation of Redemption Price: Formula or method for determining share value
5. Solvency Statement: Directors' statement confirming company solvency post-redemption
Authors
Board
Business Day
Companies Act
Company
Completion
Completion Date
Conditions Precedent
Constitution
Directors
Encumbrance
Governmental Authority
Law
Losses
Material Adverse Change
MAS
Parties
Purchase Price
Redemption Notice
Redemption Price
Redemption Shares
Register of Members
Related Corporation
Relevant Securities
Selling Shareholder
SGX
Share Capital
Shareholders
Shares
Singapore Dollar
SGD
Solvency Statement
Taxation
Tax
Transaction Documents
Working Capital
Agreement to Redeem
Redemption Price
Payment Terms
Conditions Precedent
Completion Mechanics
Representations and Warranties
Covenants
Company Solvency
Share Transfer Mechanics
Directors' Confirmation
Regulatory Compliance
Confidentiality
Tax Matters
Indemnification
Further Assurance
Notices
Assignment
Severability
Entire Agreement
Variation
Waiver
Costs and Expenses
Force Majeure
Governing Law
Dispute Resolution
Termination
Third Party Rights
Counterparts
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