1.2 Between the contracting parties, the shareholder contract takes precedence over the law, the company`s statutes, the possible internal regulations of the board of directors, possible management instructions and other prior agreements between the parties concerning the matters governed by the shareholder contract. (b) To the extent that the founders received shares (“founding shares”) in the company against nominal consideration, the founders agreed that the shares covered in Schedule A of this agreement would be subject to the provisions of free movement. Vesting means that the shares are subject to cancellation or repurchase at the cost of acquisition by the company, unless specific time events occur. In the event that the company is acquired by a third party or a third party, all shares subject to intrusion will be transferred in full on that date. These rules of free movement are: PandaTip: This model of shareholder agreements defines the conditions of interaction between shareholders and what happens if one or more of them want to leave the market or if something happens that forces the exit of a shareholder or the closure of the company. Sometimes investors can delay this agreement, especially if they want to start the business first. In such cases, be sure to come back with the task of creating the chord if you have more time in your hands. No matter how many problems arise, it is important to create this agreement to protect your shareholders. 5.5 Issued shares that are not subscribed by shareholders pursuant to this Article 5 may be offered by the company to a third party at the price and terms of the exposure disclosure, provided that the company does not accept a subscription for the sale of such shares to a third party, except with the written agreement of the holders of at least two thirds of the focal shares in the company`s share capital on that date. 4.1.
Lack of competition. Each shareholder accepts that, as long as the shareholder owns or owns one of the shares of the company, the shareholder is not directly or indirectly engaged in the same activity or activity similar to that of the business, is not affected or financially interested, or is not in competition with the Corporation. 4.2. Business Secrets. Each shareholder recognizes that the company`s client lists, trade secrets, processes, methods and technical information, and any other issues designated by the Chairman or with the written consent of all shareholders are valuable assets. Unless it seeks the written consent of each of the other shareholders, any shareholder undertakes never to disclose to a person or organization, except in connection with the company`s business activities, a list of customers or a name on that list or trade secret, a process or other matter covered by this paragraph, while the shareholder owns or controls the shares of the company or at a later date. 16.2 Disputes between the parties, owners and/or the company regarding the shareholder contract or other agreements between the contracting parties, the owners and/or the company are settled through mutual negotiations.