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Share Surrender Agreement
"I need a Share Surrender Agreement for a Singapore-based tech startup where three founding members are surrendering 15% of their shares each back to the company as part of a restructuring, to be completed by March 2025."
1. Parties: Identification of the surrendering shareholder(s) and the company
2. Background: Context of the share surrender and relevant corporate history
3. Definitions: Key terms used throughout the agreement
4. Share Details: Description of shares being surrendered including class, number, and paid-up value
5. Consideration: Terms of any payment or consideration for the surrender
6. Completion: Process and timing for completing the surrender
7. Representations and Warranties: Standard declarations about share ownership and authority to surrender
8. Governing Law: Specification of Singapore law as governing law
1. Tax Indemnity: Additional provisions for managing tax implications when specific tax arrangements need to be addressed
2. Regulatory Approvals: Section detailing requirements for specific regulatory clearances when company is listed or regulated by MAS
3. Confidentiality: Provisions for maintaining confidentiality of the transaction when sensitive information is involved
1. Share Certificate Details: Copies or details of relevant share certificates
2. Board Resolution: Copy of board resolution approving the surrender
3. Valuation Report: Independent valuation of shares being surrendered (if applicable)
4. Required Forms: ACRA forms and other regulatory documentation required for the surrender
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