Company Letterhead
{{company_name}}
{{company_address}}
Phone: {{phone}}
Email: {{email}}
Website: {{website}}
BETWEEN:
1. {{seller_name}}, of {{seller_address}} (hereinafter referred to as "the Seller");
AND
2. {{buyer_name}}, of {{buyer_address}} (hereinafter referred to as "the Buyer").
(The Seller and the Buyer hereinafter collectively referred to as “the Parties” and individually as “a Party”.)
RECITALS
WHEREAS, the Seller is the beneficial owner of {{number_of_shares}} ({{number_of_shares_words}}) ordinary shares (hereinafter referred to as “the Shares”) in {{company_name_of_shares}}, a company duly incorporated under the laws of {{country_of_incorporation}}, with registration number {{company_registration_number}} and having its registered office at {{company_registered_address}} (hereinafter referred to as “the Company”);
WHEREAS, the Seller desires to sell, and the Buyer desires to purchase, the Shares in accordance with the terms and conditions set forth in this Agreement.
1. AGREEMENT TO SELL AND PURCHASE
1.1. The Seller hereby agrees to sell and transfer to the Buyer, and the Buyer hereby agrees to purchase and acquire from the Seller, the {{number_of_shares}} Shares in the Company, free from all liens, charges, and encumbrances whatsoever.
1.2. The purchase price for the Shares shall be {{currency}} {{amount}} ({{amount_words}}) (the “Purchase Price”).
2. PAYMENT OF PURCHASE PRICE
2.1. The Buyer shall pay the Purchase Price to the Seller upon the signing of this Agreement through {{payment_method}}.
4. WARRANTIES
4.1. The Seller warrants that:
(a) The Seller is the sole legal and beneficial owner of the Shares and has the full right, power, and authority to sell and transfer the Shares;
(b) The Shares are free from any encumbrances, charges, or options of any kind;
(c) There are no outstanding agreements or undertakings by the Seller to sell, transfer, or otherwise dispose of the Shares to any third party.
4.2. The Buyer warrants that:
(a) The Buyer has the full power and authority to enter into and perform this Agreement.
5. GOVERNING LAW AND JURISDICTION
5.1. This Agreement shall be governed by and construed in accordance with the laws of {{country_of_governing_law}}.
5.2. Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of {{country_of_jurisdiction}}.
6. ENTIRE AGREEMENT
6.1. This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, between the Parties.
7. SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Agreement on the Effective Date.
_____________________________
Seller’s Signature
Name: {{seller_name}}
ID/Passport No.: {{seller_id_number}}
_____________________________
Buyer’s Signature
Name: {{buyer_name}}
ID/Passport No.: {{buyer_id_number}}
Witnessed by:
_____________________________
Witness Name: {{witness_name}}
Address: {{witness_address}}
Signature: ______________________
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