Shareholders' Agreement Sample 1 - Free Download
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Shareholders' Agreement Sample 1
Shareholders
119965323/0495201/CGD02
1
Shareholders' Agreement
Parties
[ ] ACN [ ] of [ ] (Investor)
[ ] ACN [ ] of [ ] (Company)
[ ] ACN [ ] of [ ] (Existing Shareholders)
Background
A The Investor is a shareholder in the Company with effect from the date of this
agreement.
B All parties have agreed to enter into this agreement for the purpose of recording the
terms of this arrangement and their respective relationships with each other.
Operative provisions
1 Composition of the Board
The Board
1.1 Subject to clause 1.2, the Shareholders are entitled to appoint the following number of
Directors:
Shareholder
Number of Directors
Shareholders holding more than 50% of
the Investor Shares
1
Shareholders holding more than 50% of
the Ordinary Shares
2
1.2 Such Shareholders will continue to be entitled to appoint that number of Directors so
long as it they hold such shareholdings in the Company.
1.3 The Shareholders may remove any Director appointed by them under clause 1.1 and
replace that Director or fill any vacancy in respect of any of their appointees with
another nominee by notice in writing to the Company and each other Shareholder.
The appointee must not be disqualified from acting as a Director under the
Corporations Act 2001 (Cth).
1.4 Otherwise, the Directors are to be appointed in accordance with the terms of the
Constitution.
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