1.1 The shareholders are all shareholders of the company, a company [STATE OF INCORPORATION] and are the sole directors and senior executives of the company. This non-binding expression of interest (EOI) An Expression of Interest (EOI) is one of the first transaction documents that the buyer shares with the seller as part of a potential ATM agreement. The EOI draws attention to the buyer`s serious interest in having his business interested in paying a certain valuation and acquiring the seller`s company through a formal offer. is confidential and can only be disclosed to you, the company and its consultants on a proven basis. It is not intentional and is not considered a binding obligation of OUR NAME or any of its related companies to conduct a transaction with the entity or to continue the review of such a transaction. Subject to the following sentence, neither party is bound in any way in the context of this letter, unless the parties enter into a final agreement and are then bound only in accordance with the terms of this agreement. Notwithstanding the contrary provisions of this letter, the exclusivity and confidentiality agreement, once executed by the parties, constitutes binding obligations on the part of the parties. 8.4. Buy-sell for other reasons. A shareholder may voluntarily sell all the shares of the group currently held by that shareholder (“outgoing shareholder”).
All sales made under this directive with respect to the outgoing shareholder are made within 60 days of the written intention of the sale to the company and other shareholders. PandaTip: The distribution or resale of shares outside may be accompanied by a large number of legal provisions that this agreement does not seek to address, which is why this clause is important. PandaTip: This can be a common topic for shareholder disputes, everyone thinks the other doesn`t work hard enough, always overpaid, etc. The use of detailed employment contracts or the placement of these conditions here can help defuse future disputes.
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