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Put And Call Option Shareholders Agreement
"Need a Put and Call Option Shareholders Agreement for our UK tech startup with three founding shareholders, where each founder should have the right to sell their shares back to the company after January 2025, and the company should have the right to buy shares if a founder leaves."
1. Parties: Identification of all shareholders and the company
2. Background: Context of the agreement and current shareholding structure
3. Definitions and Interpretation: Key terms including Put Option, Call Option, Exercise Price, Exercise Period
4. Grant of Put Option: Terms under which shareholders can sell their shares
5. Grant of Call Option: Terms under which designated parties can purchase shares
6. Exercise Price: Methodology for determining share price and payment terms
7. Exercise Period: Timeframes within which options can be exercised
8. Completion Requirements: Process and requirements for completing the share transfer
9. Warranties and Representations: Standard warranties about share ownership and authority
1. Tag-Along Rights: Rights of minority shareholders to join in sale
2. Drag-Along Rights: Rights to force minority shareholders to join in sale
3. Non-Compete Provisions: Restrictions on competitive activities
4. Valuation Mechanisms: Detailed procedures for share valuation
1. Schedule 1: Share Capital Table: Current shareholding structure and percentages
2. Schedule 2: Form of Option Notice: Template for exercising options
3. Schedule 3: Deed of Adherence: For new shareholders to be bound by the agreement
4. Schedule 4: Valuation Principles: Agreed methodology for share valuation
5. Schedule 5: Transfer Requirements: Procedural requirements for share transfers
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