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1. Parties: Identification of all founding members/shareholders and their contact details
2. Background: Context of the company formation and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Company Name and Registered Office: Official company name, registration number, and registered office address
5. Business Purpose: Description of the company's main business activities and objectives
6. Share Capital: Details of authorized and issued share capital, classes of shares, and rights attached
7. Shareholders: Rights, obligations, and responsibilities of shareholders
8. Board of Directors: Composition, appointment, removal, and powers of the board
9. Meetings: Procedures for board and shareholder meetings
10. Financial Matters: Financial year, accounts, audits, and dividend policy
11. Transfer of Shares: Rules and restrictions regarding share transfers
12. Termination: Circumstances and procedures for termination of the agreement
13. Dispute Resolution: Procedures for resolving disputes between parties
14. Governing Law: Confirmation of Nigerian law as governing law and jurisdiction
1. Pre-emptive Rights: Used when shareholders want first right of refusal on new share issues
2. Tag-Along Rights: Include when minority shareholders need protection in case of majority share sale
3. Drag-Along Rights: Include when majority shareholders may need to force minority participation in a sale
4. Non-Competition: Used when shareholders should be restricted from competing with the company
5. Intellectual Property: Include when the company has significant IP assets to protect
6. External Investment: Include when the company anticipates future external investment
7. Management Structure: Used for more complex organizations requiring detailed management hierarchy
8. Dividend Policy: Include when specific dividend distribution rules are needed
9. Exit Strategy: Used when shareholders want predetermined exit options
1. Schedule 1 - Initial Shareholdings: Detailed breakdown of initial share allocation and shareholding percentages
2. Schedule 2 - Share Rights: Detailed description of rights attached to different share classes
3. Schedule 3 - Reserved Matters: List of decisions requiring special majority or unanimous consent
4. Schedule 4 - Company Assets: List of initial company assets and their values
5. Schedule 5 - Deed of Adherence: Template for new shareholders joining the company
6. Schedule 6 - Business Plan: Initial business plan and financial projections
7. Appendix A - Board Resolutions: Template for board resolutions and decision-making procedures
8. Appendix B - Share Certificate Template: Standard format for share certificates
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