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Subscription And Shareholders Agreement
1. Parties: Identification of all parties to the agreement including the Company, existing shareholders, and new investors
2. Background: Context of the transaction, company history, and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Subscription for Shares: Details of the share subscription, including number of shares, price, and payment terms
5. Completion: Conditions precedent, completion mechanics, and timing of the subscription
6. Warranties and Representations: Warranties given by the company, existing shareholders, and new investors
7. Corporate Governance: Board composition, appointment rights, and management structure
8. Shareholder Meetings: Procedures for general meetings, voting rights, and quorum requirements
9. Reserved Matters: Decisions requiring special majority or specific shareholder approval
10. Share Transfer Restrictions: Limitations on share transfers, right of first refusal, and tag-along/drag-along rights
11. Exit Provisions: Procedures and rights relating to company sale, IPO, or other exit events
12. Dividend Policy: Rules governing dividend declarations and distributions
13. Information Rights: Shareholders' rights to company information and financial reports
14. Confidentiality: Obligations regarding confidential information and trade secrets
15. Term and Termination: Duration of the agreement and circumstances for termination
16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Founder Vesting: Used when founders' shares are subject to vesting conditions
2. Anti-dilution Protection: Include when investors require protection against future down-rounds
3. Employee Share Scheme: Required when the company has or plans to implement an employee share option program
4. Intellectual Property Rights: Detailed section needed for technology or IP-heavy companies
5. Non-Competition and Non-Solicitation: Include when restrictions on competitive activities are required
6. Strategic Investor Rights: Used when strategic investors require specific commercial rights or privileges
7. Dead-lock Resolution: Important for 50/50 joint ventures or where specific deadlock concerns exist
8. Put and Call Options: Include when specific shareholders need exit rights through put/call mechanisms
1. Share Capital Table: Current and post-investment shareholding structure
2. Company Information: Detailed corporate information including registration details and directors
3. Subscription Details: Detailed breakdown of share subscription terms and payment mechanics
4. Warranties: Comprehensive list of warranties given by the company and/or selling shareholders
5. Reserved Matters List: Detailed list of matters requiring special approval
6. Board Rules of Procedure: Detailed procedures for board operations and meetings
7. Business Plan: Company's current business plan and financial projections
8. Deed of Adherence: Template for future shareholders to join the agreement
9. Articles of Association: Current or amended articles of association reflecting the agreement
10. Completion Requirements: Detailed list of completion deliverables and requirements
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