5.14 This share transfer contract can be executed either as an original or in addition to a pendant. On the basis of the principle of equality, mutual benefit and the same price, with respect to the issue of the transfer of 13% of the shares of Zhejiang Hongzhan New Materials Co., Ltd. (hereafter referred to as „company“) held by Part A to Part B, the parties agree with this: 5.5 Each party states that it is not aware of any issues under its control that are negative or detrimental to the performance of its obligations under this share transfer agreement. 5.7 Any delay or non-application of the terms of this share transfer agreement and any delay in the event of a violation of its clause by a party does not constitute a waiver of those rights. 2. TRANSFERT PRICE It is agreed that the shares will be transferred at the price of [PRICE]. THE CÉDANT wishes to transfer the shares to the purchaser on the terms set out in this share transfer agreement. 5.12 This share transfer agreement may be carried out in more than one language between the parties and, in the event of a conflict between the various translations of this share transfer agreement, the English version prevails. The assignor is the registered holder of these shares or shares pursuant to Schedule A (the „shares“). The share transfer form (also known as a share transfer instrument) is a standard document required for the transfer of shares in a company.
It is used when a shareholder intends to sell or transfer its shares to another party. 8.1 This transfer of shares is under the exclusive jurisdiction of the laws of [STATE AND COUNTRY]. In general, most private companies require the board of directors to approve any transfer of shares. Provided consent is given, shareholders are generally free to manage their shares at their own stop. So, while you were just doing business with your friend Joe, Joe could sell his shares to his friend Lisa, and if you don`t control the board, there`s little you can do to stop him. 1.1 The assignor transfers all shares to the purchaser in absolute terms, taking into account the amount mentioned in point 2. In most cases, a shareholder pact would allow Joe to transfer his shares to certain designated persons, such as a holding company wholly owned by Joe or a family company of which Joe is the sole agent. These authorized ceders are commonly referred to as „authorized units.“ Shareholders can decide for themselves which transfers should always be allowed and which transfers should be wiretapped.