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Document Id : 562
File Type : Microsoft Word
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USA Set-Off and Share Cancellation Agreement
Prepare a Set-Off and Share Cancellation Agreement with this template form for USA companies.
- The agreement is between two affiliated companies, with respect to the share purchase and set-off of the purchase price against the redemption of shares of stock held by a purchaser.
- The purchaser has paid for the shares of stock by way of a promissory note.
- The seller corporation redeems the shares and pays the redemption price also by way of a promissory note for the same amount.
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