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1. Parties: Identification of all parties to the agreement, including the company, existing shareholders, and new shareholders
2. Background: Context of the transaction, including current shareholding structure and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Sale and Purchase of Shares: Core transaction terms including number of shares, price, and payment terms
5. Completion: Details of when and how the transfer will be completed, including conditions precedent and completion obligations
6. Representations and Warranties: Statements of fact and assurances from both parties about their capacity and authority to enter into the agreement
7. Share Rights and Restrictions: Details of the rights attached to the shares and any restrictions on transfer
8. Management and Control: Provisions regarding company management, board composition, and voting rights
9. Dividends and Distributions: Policy and procedures for dividend declarations and other distributions
10. Confidentiality: Obligations regarding confidential information and trade secrets
11. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
12. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Pre-emptive Rights: Right of existing shareholders to purchase new shares before they are offered to third parties
2. Tag-Along Rights: Right of minority shareholders to join in the sale of shares by majority shareholders
3. Drag-Along Rights: Right of majority shareholders to force minority shareholders to join in the sale of shares
4. Put and Call Options: Rights to require purchase or sale of shares under specified conditions
5. Employee Share Scheme: Provisions for employee share ownership, if applicable
6. Non-Competition and Non-Solicitation: Restrictions on competitive activities and employee solicitation
7. Anti-Dilution Protection: Protections against dilution of shareholding in future share issues
8. Reserved Matters: List of decisions requiring special majority or unanimous approval
1. Schedule 1: Share Capital and Shareholding Structure: Detailed breakdown of the company's share capital and current shareholding
2. Schedule 2: Completion Obligations: Detailed list of actions and documents required for completion
3. Schedule 3: Warranties: Comprehensive list of warranties given by the parties
4. Schedule 4: Company Information: Key information about the company including assets, liabilities, and material contracts
5. Schedule 5: Board Resolutions: Form of board resolutions required for the share transfer
6. Schedule 6: Share Certificate: Form of share certificate to be issued
7. Appendix A: Transfer Instrument: Form of share transfer instrument compliant with Nigerian law
8. Appendix B: Corporate Authorizations: Required corporate authorizations and regulatory approvals
Articles of Association
Board
Business Day
CAMA
CAC
Completion
Completion Date
Confidential Information
Consideration
Corporate Affairs Commission
Directors
Encumbrance
Event of Default
Exercise Notice
Fair Market Value
Financial Year
Group
Holding Company
Initial Public Offering
Law
Material Adverse Change
Memorandum of Association
Notice
Ordinary Shares
Parties
Permitted Transferee
Pre-emption Rights
Purchase Price
Purchaser
Related Party
Relevant Securities
Reserved Matters
Sale Shares
SEC
Securities and Exchange Commission
Seller
Share Capital
Shareholder
Shareholders' Agreement
Shares
Subsidiary
Tag-along Notice
Tag-along Right
Transfer
Transferor
Transferee
Valuation
Warranties
Working Day
Consideration and Payment
Conditions Precedent
Completion
Representations and Warranties
Share Rights
Transfer Restrictions
Pre-emptive Rights
Tag-along Rights
Drag-along Rights
Board Composition
Management Rights
Voting Rights
Dividend Rights
Information Rights
Reserved Matters
Non-competition
Non-solicitation
Confidentiality
Anti-dilution Protection
Put and Call Options
Default
Termination
Exit Provisions
Dispute Resolution
Governing Law
Force Majeure
Assignment
Notices
Costs and Expenses
Entire Agreement
Severability
Waiver
Amendment
Further Assurance
Counterparts
Financial Services
Technology
Manufacturing
Real Estate
Energy and Natural Resources
Healthcare
Telecommunications
Agriculture
Retail and Consumer Goods
Professional Services
Transportation and Logistics
Education
Construction
Legal
Finance
Corporate Secretariat
Compliance
Risk Management
Corporate Development
Investment
Board Secretariat
Shareholder Relations
Corporate Communications
Chief Executive Officer
Chief Financial Officer
Company Secretary
Legal Counsel
Corporate Lawyer
Investment Manager
Compliance Officer
Board Director
Managing Director
Finance Director
Corporate Governance Officer
Risk Manager
Investment Analyst
Business Development Manager
Shareholder Relations Manager
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