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Minority Shareholder Agreement
1. Parties: Identification of all parties to the agreement, including the company, majority shareholders, and minority shareholders
2. Background: Context of the agreement, including company information, shareholding structure, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Share Ownership and Capital Structure: Details of current shareholding and share classes
5. Management and Board Representation: Rights regarding board representation and management participation
6. Minority Protection Rights: Core protective provisions for minority shareholders, including veto rights on key decisions
7. Transfer Restrictions: Limitations on share transfers and process requirements
8. Tag-Along Rights: Right of minority shareholders to join in sale of shares by majority shareholders
9. Information Rights: Rights to company information and financial reports
10. General Meeting Procedures: Procedures for shareholder meetings and voting
11. Confidentiality: Obligations regarding confidential information
12. Term and Termination: Duration of the agreement and termination provisions
13. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction
14. Miscellaneous: Standard boilerplate provisions
1. Drag-Along Rights: Include when majority shareholders want the right to force minority shareholders to join in a sale
2. Pre-emptive Rights: Include when shareholders should have first right to purchase new share issues
3. Anti-dilution Protection: Include for protection against dilution in future funding rounds
4. Put Option Rights: Include when minority shareholders should have the right to sell shares back to the company/majority shareholders
5. Call Option Rights: Include when majority shareholders should have the right to buy out minority shareholders
6. Dividend Policy: Include when specific dividend arrangements need to be agreed
7. Non-Compete and Non-Solicitation: Include when shareholders are also employees or have operational roles
8. Dispute Resolution: Include when parties want specific alternative dispute resolution procedures
1. Schedule 1 - Current Shareholding Structure: Detailed breakdown of current share ownership and share classes
2. Schedule 2 - Reserved Matters: List of decisions requiring minority shareholder approval
3. Schedule 3 - Information Rights Details: Specific information and reporting requirements including timing and format
4. Schedule 4 - Deed of Adherence: Template for new shareholders to join the agreement
5. Schedule 5 - Valuation Principles: Agreed methods for share valuation in various scenarios
6. Schedule 6 - Company's Articles of Association: Current articles of association referenced in the agreement
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