Shareholder Agreement Voting Rights Template

and if the substantive dispute cannot be resolved within a reasonable time or through the mediation and arbitration provisions contained in this Agreement, any shareholder (the “Initiating Shareholder”) may enter into an agreement of forced purchase or sale (the “Firearms Provision”). i. Remedies. The parties have access to all remedies for breach of this Agreement available to them at law or in equity. Without limiting the generality of the foregoing, the parties agree that, in addition to all other rights and remedies available under law or equity, the parties have the right to obtain specific performance of each party`s obligations under this Agreement and an immediate injunction, and that, if an action or proceeding is brought in equity, to enforce them, no shareholder will lobby to defend themselves from an appropriate remedy in court. Shareholders may remove any of these shares from the list of decisions requiring additional shareholder approval by adding to Appendix B: Additional Conditions: “Notwithstanding any provision relating to decisions of the managing shareholder that requires additional approval by a super-majority of shareholders, shareholders hereby remove such decisions from these provisions: [for example` to cause the company to make a warranty]. This agreement will be approved by ___________ It protects minority shareholders because the buyer must also buy his shares at the same price as the majority shareholder and therefore agrees to buy all the shares. PandaTip: This page of the voter agreement template has room for 7 shareholders to sign. If you want multiple shareholders to sign, click on one of the blocks, click on the 3-dot icon in the right menu and click on “Duplicate Block”. To delete fields, simply click on a block and click “Delete this block” in the menu to the right of the template. (The above gives shareholders some leverage in the event that an unnecessary candidate is appointed. First of all, this should not be a problem as long as shareholders also act as directors.) Each party undertakes to respect, respect and enforce the terms of this Voting Agreement for its entire duration by affixing its electronic signature below. Therefore, if and when a dispute arises, shareholders can – and this is highly recommended – first engage in voluntary negotiations and mediation before referring the matter to binding arbitration as the final and final method of dispute resolution.

Except as otherwise provided by law, the Company`s disputes shall not be resolved in court. If a shareholder is a natural person and has a spouse or registered life partner, the spouse or registered life partner must also sign the shareholder`s signature page to approve the shareholder agreement. This is necessary because, in some states and in certain circumstances, the shares of a corporation may be considered property held jointly and also by a shareholder and the shareholder`s spouse or registered partner. By signing the agreement, the spouse agrees that the shareholder may act solely on behalf of the corporation. However, the shareholder must first inform his spouse in writing of any sale or other sale of shares of the shareholder and his spouse. 3.5 If more than one Target Recipient has given the Seller notice of purchase expressing its willingness to purchase the Offered Shares, the Buyers will acquire all the Shares constituting the Offered Shares in the shares agreed upon by them or, if no agreement is reached, in the common share ratios of each Buyer. calculated without reference to the seller`s shares….