Picture of Ontario Security Agreement for Shareholder Loan Picture of Ontario Security Agreement for Shareholder Loan Picture of Ontario Security Agreement for Shareholder Loan Picture of Ontario Security Agreement for Shareholder Loan Picture of Ontario Security Agreement for Shareholder Loan

Ontario Security Agreement for Shareholder Loan

Secure repayment of a loan from a shareholder to a corporation with this Ontario Security Agreement for Shareholder Loan.

  • The corporation (as borrower) grants the secured party (a trustee for the shareholders) a security interest over the borrower's corporate assets, in order to secure its current or future indebtedness to its shareholders for shareholder advances, stock dividends or other obligations.
  • The secured party holds the security interest in trust for the shareholders and may release all or part of the secured collateral as it sees fit.
  • The borrower is restricted from selling, transferring, leasing or otherwise disposing of any of the collateral forming the security.
  • This legal agreement template is available as a fully editable Microsoft Word document.
  • Intended for use only in the Province of Ontario, Canada.
Document Type: Microsoft Word
Last Updated: 05-October-2021
SKU: 1066
$29.99
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Ontario Shareholder Buy-Sell Agreement

Ensure the continuity of ownership and management of your business with this Shareholder Buy-Sell Agreement for Ontario.

  • The Agreement includes:
    • a procedure for soliciting offers from third parties;
    • the remaining shareholders have right of first refusal to purchase shares of a departing shareholder;
    • the remaining shareholders have the right to piggyback the sale of their shares onto a proposed sale of more than 50% of the shares;
    • a mandatory (shotgun) buy-sell;
    • a mandatory buyout on death, to be funded by proceeds of a life insurance policy on the life of the deceased shareholder.
  • This template is available in MS word format and is easy to customize to fit your circumstances.
  • Intended to be used only in the Province of Ontario, Canada.
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Ontario Corporate Resolutions to Convert Debt to Equity

Authorize a conversion of debt to equity with these corporate resolutions for an Ontario corporation.

  • The directors and shareholders of the corporation resolve to cancel an existing shareholder loan.
  • They then resolve to add the outstanding principal balance of the loan to the shareholder's stated capital account.
  • The resolutions are made pursuant to the Ontario Business Corporations Act.
  • The form is available as a downloadable and fully editable MS Word template. Other formats available by request.
  • Intended for use only in the Province of Ontario, Canada.
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Picture of Ontario Share Capital Equalization Agreement

Ontario Share Capital Equalization Agreement

Equalize the capital contributions of the shareholders for an Ontario corporation with this Share Capital Equalization Agreement.

  • This agreement is for a company with two shareholders, one of whom has invested more capital than the other, with the intent being that each of them will end up with 50% shareholdings in the company.
  • To do that, the contributing shareholder will make regular installment payments into his/her capital account to purchase a proportionate number of shares.
  • The shares will then be held in trust until all the equalization payments are made.

You can download the Ontario Share Capital Equalization Agreement immediately after purchase.

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Alberta Unanimous Shareholder Agreement

Every corporation with more than 1 shareholder should have a shareholder agreement in place, like this Unanimous Shareholder Agreement for Alberta corporations.

  • A shareholder may transfer its shares to an affiliate provided that the affiliate agrees to be bound by the terms of the Agreement. If the affiliate ceases to be an affiliate, the shares will be transferred back to the original shareholder.
  • If shareholder guarantees are required to secure the corporation's debt, each shareholder will provide its guarantee for a proportionate share in relation to his/her shareholdings. If a shareholder disposes of his interest in the corporation, the corporation will use best efforts to release and discharge his guarantee.
  • The corporation has a right of first refusal to purchase the shares of any shareholder wishing to dispose of his shareholdings. The founding shareholders have a right of second refusal, and the other shareholders have a right of third refusal.
  • Provisions for shot-gun buy-sell offers.
  • Provisions for a call by the other shareholders if a shareholder becomes involved in a divorce or matrimonial property settlement.
  • Provisions for a buy-sell upon the death or disability of a shareholder.
  • Provisions for a call by the corporation if a shareholder ceases to be employed or contracted by the corporation.

The Alberta Unanimous Shareholder Agreement template can be easily customized for your exact needs. Download yours today.

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