WHEREAS, _____________ referred to hereafter as SHAREHOLDERS, are the owners of a total of _ shares of stock of _______________. And they desire to agree to certain actions to be taken to protect the value of their holdings, IT IS AGREED: That , whose address is ___________________, a charter signatory to this agreement, shall act as the SECRETARY of this agreement. All future purchases of the same class stock by the signatories to this agreement shall also subject the newly purchased shares to this agreement. The SECRETARY of this agreement shall be notified of any future purchases of shares. In the event that the CORPORATION shall reorganize or recapitalize, then the agreement shall continue into force with the security or securities issued in lieu of this class being subject to the agreement. If any SHAREHOLDER transfers his shares, the SHAREHOLDER shall be required to have the transferee execute this agreement. All shares subject to this agreement shall be conspicuously endorsed with the following legend: “These shares are subject to restrictions contained in a shareholders agreement dated _. A copy may be obtained from __________, whose address is
_______.” All signatories to this agreement shall notify the SECRETARY of any transfer, and provide a full copy of the documents of transfer to the SECRETARY. All shares subject to this agreement shall be voted for the following candidates for the offices stated:
In the event that the individuals set forth above are unwilling or incapable of serving, then a vote of the shareholders shall be taken for new candidates, all of whom shall be signatories to this agreement, then holding stock in the CORPORATION. A __ vote shall be necessary with votes being counted by _ vote per share owned on voting date by the party voting….
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