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1. Parties: Identification of the corporation purchasing its shares and the selling shareholder(s)
2. Background: Recitals explaining the context of the buyback and confirming corporate authority
3. Definitions: Key terms used throughout the agreement
4. Purchase and Sale: Core terms of the share repurchase, including number of shares and purchase price
5. Closing: Timing, location, and mechanics of the transaction closing
6. Representations and Warranties of the Seller: Seller's confirmations regarding share ownership, authority to sell, and absence of encumbrances
7. Representations and Warranties of the Corporation: Company's confirmations regarding corporate authority, solvency, and compliance with laws
8. Conditions Precedent: Requirements that must be met before closing
9. Covenants: Ongoing obligations of the parties until closing
10. Tax Matters: Treatment of tax implications and responsibilities
11. Termination: Circumstances under which the agreement may be terminated
12. General Provisions: Standard contractual provisions including notices, amendments, governing law, etc.
1. Regulatory Compliance: Required for public companies or when specific regulatory approvals are needed
2. Shareholder Approval: Required when shareholder approval is necessary for the buyback
3. Escrow Arrangements: Used when payment or shares need to be held in escrow
4. Non-Competition and Non-Solicitation: Included when the selling shareholder is also leaving a management position
5. Drag-Along Rights: Used in situations involving multiple shareholders
6. Continuing Obligations: Required when the seller retains other roles or relationships with the company
7. Price Adjustment: Included when the purchase price may be adjusted based on certain conditions or future events
1. Schedule A - Share Details: Details of shares being repurchased, including class, certificate numbers, and current ownership
2. Schedule B - Purchase Price Calculation: Detailed methodology for calculating the purchase price, if complex
3. Schedule C - Closing Deliverables: List of documents and items to be delivered at closing
4. Schedule D - Required Consents and Approvals: List of third-party or regulatory approvals required
5. Schedule E - Disclosure Schedule: Exceptions or qualifications to representations and warranties
6. Appendix 1 - Form of Resignation: If seller is also resigning from corporate positions
7. Appendix 2 - Release Form: Standard form of release to be signed at closing
Financial Services
Technology
Manufacturing
Professional Services
Real Estate
Mining and Resources
Healthcare
Retail
Telecommunications
Energy
Transportation and Logistics
Media and Entertainment
Legal
Finance
Corporate Development
Treasury
Tax
Compliance
Board Secretariat
Investor Relations
Corporate Governance
Risk Management
Chief Executive Officer
Chief Financial Officer
Corporate Secretary
General Counsel
Legal Counsel
Corporate Treasurer
Finance Director
Investment Relations Manager
Board Director
Compliance Officer
Tax Director
Corporate Development Manager
M&A Director
Finance Manager
Company Secretary
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