Equalize the capital contributions of each of the shareholders of an Alberta corporation with this Share Capital Equalization Agreement.
The intent of the Agreement is that both of the shareholders will end up with half of the issued shares.
The contributing shareholder will make equal yearly instalment payments to the other shareholder for a proportionate number of shares, to bring his/her shareholdings up to 50% of the corporation's issued shares.
Every corporation with more than 1 shareholder should have a shareholder agreement in place, like this Unanimous Shareholder Agreement for Alberta corporations.
A shareholder may transfer its shares to an affiliate provided that the affiliate agrees to be bound by the terms of the Agreement. If the affiliate ceases to be an affiliate, the shares will be transferred back to the original shareholder.
If shareholder guarantees are required to secure the corporation's de.....
This Equalization Agreement sets up a process by which a shareholder in a BC company who owns less than 50% of the company can contribute more capital so that both owners have the same amount of equity.
The contributing shareholder will make installment payments to the other shareholder to buy up the number of shares required to bring his/her shareholdings up to 50% of the corporation's issued shares.
The shares will be held in trust until all payments are made.
Sell your shares in a BC corporation to a purchaser with this template British Columbia Share Purchase Agreement.
If the purchaser resells any of the shares within 180 days for a per share price greater than the purchase price of the shares under the Agreement, the purchaser will pay the vendor an additional cash amount.
The vendor gives standard representations and warranties with respect to the corporation's status, financial position, and