Use this template to prepare an Agreement for Set-off and Cancellation of Shares, for the United States, 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 (buyer) in a corporation (seller).

The purchaser paid for the shares of stock by way of a promissory note. The seller has redeemed the shares and is paying the redemption price also by way of promissory note. The two notes are for the same amount.

This is a US legal agreement in MS Word format.