Share Purchase and Loan Agreement | Canada

Acquire all the shares of a Canadian corporation with this Share Purchase and Loan Agreement.

  • The purchaser agrees to purchase the shares and to loan the corporation enough funds to pay out existing loans to shareholders or other related parties.
  • The purchaser and the vendor mutually indemnify each other against any claims arising due to any breach or misrepresentation.
  • The vendor also indemnifies the purchaser against claims arising from the business and operations of the company prior to the closing of the transaction.
  • The corporation warrants that there are no outstanding options, agreements or warrants to purchase its shares.
  • This legal form template is available in MS Word format and is fully editable to meet your business needs.
  • Governed by Canadian laws and intended for use only in Canada.
Document Type: Microsoft Word
Last Updated: 02-November-2024
SKU: 328
$29.99
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Share Purchase Agreement with Vendor Take-Back Provisions | Canada

Prepare a Share Purchase Agreement with Vendor Take-Back Provisions with this template form for Canadian corporations.

  • A portion of the share purchase price will be paid by the purchaser to the vendor over time, secured by a promissory note.
  • If the purchaser defaults, the promissory note will become due and the vendor may take back ownership of the shares (this is called vendor take-back).
  • If the purchaser postpones consecutive payment, the second postponement will incur a late payment fee.
  • The vendor's accountants will prepare closing financial statements.
  • The purchaser must provide personal and corporate guarantees.
  • The corporation's income taxes will be allocated between the parties in accordance with the closing.
  • This Share Purchase Agreement with Vendor Take-Back Provisions is available as a fully editable MS Word document.
  • This is a Canadian legal document.
$29.99

Ontario Share Purchase Agreement and Assignment of Shareholder Loans

Sell the shares of an Ontario corporation and transfer any existing shareholder loans with this Share Purchase and Assignment Agreement.

  • The seller sells its shares and assigns the balance of shareholder loans still outstanding over to the buyer, who is taking over the business of the company.
  • The purchase price will be allocated between the shares and the shareholder loans, at fair market value.
  • The buyer is at liberty to contact customers, suppliers and employees to notify them of the change of control. The seller will operate the business until closing.
  • The parties will each file any required tax elections with respect to the transaction.
  • This template is available as a downloadable and fully customizable MS Word document.
  • Intended for use only in the Province of Ontario, Canada.
$46.99