Products tagged with 'shareholder loan'

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Purchase Agreement for Shares and Promissory Note | Canada

The vendor represents to the buyer that it owns the shares and has the legal right and authority to transfer them.
Upon payment of the cash to close, the vendor will transfer title to the shares over to the purchaser.
The vendor also transfers a promissory note from the corporation for a shareholder loan owing to the vendor.
The vendor relinquishes any further interest or right to repayment under the promissory note.
Available in MS Word format.
Intended to be used only in Canada.

$6.29

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.

$29.99

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.

$6.29

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.

$29.99