¶¶Òõ¶ÌÊÓƵ

The Pledge of Shares Agreement is a critical security document used in Qatar when shareholders need to provide their shares as collateral for financial obligations or other commitments. This document is commonly used in corporate financing, acquisition financing, and general secured lending transactions. The agreement must comply with Qatar's Commercial Companies Law No. 11 of 2015 and related regulations, including specific requirements for pledge creation, perfection, and enforcement. It typically accompanies facility agreements, loan documents, or other primary obligations being secured. The document must address local law requirements for share pledges, including registration with the Ministry of Commerce and Industry, and may require additional approvals for pledges of shares in regulated entities.

1. Parties: Identification of the Pledgor(s), Pledgee(s), and the Company whose shares are being pledged

2. Background: Context of the pledge, reference to the underlying obligation being secured, and brief description of the shares being pledged

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Creation of Pledge: Legal provisions establishing the pledge over the shares, including the specific details of shares being pledged

5. Perfection Requirements: Steps required to perfect the pledge under Qatar law, including registration requirements

6. Representations and Warranties: Pledgor's representations regarding ownership, authority, and absence of encumbrances

7. Covenants: Ongoing obligations of the Pledgor regarding the pledged shares

8. Voting Rights and Dividends: Provisions governing exercise of voting rights and receipt of dividends during the pledge period

9. Events of Default: Circumstances constituting default under the agreement

10. Enforcement: Rights and procedures for enforcing the pledge upon default

11. Power of Attorney: Appointment of Pledgee as attorney for specific enforcement actions

12. Notices: Process for sending and receiving formal notices under the agreement

13. Governing Law and Jurisdiction: Confirmation of Qatar law governance and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including amendments, waivers, and severability