This Share and Shareholders Loan Purchase Agreement is between a seller who owns a number of shares in a corporation and a buyer who wishes to purchase these shares along with a shareholder’s loan which the corporation owes to the seller. This form sets out the specifics of this agreement including the number of shares being sold, the amount of the shareholder’s loan owed by the corporation to the seller and the purchase price the buyer is willing to pay for both. It is imperative that this business transaction be written rather than via oral agreement. A written Share and Shareholders Loan Purchase Agreement will prove invaluable in the event there are disagreements or misunderstandings about this purchase.

This Share and Shareholders Loan Purchase Agreement includes the following provisions:

• Parties: The names and addresses of both the buyer and seller;
• Shares: The number of shares being sold, the type of share (common, preference, Class A) and the name of the corporation issuing the shares;
• Shareholders Loan: The amount of the shareholders loan which the corporation owes to the seller;
• Purchased Shares: The purchase price for both the shares and the amount of the shareholder’s loan owed to seller;
• Conditions of Closing: Sets forth the specific conditions each party must meet before the closing of this transaction;
• Signatures: Both buyer and seller must sign this agreement in the presence of witnesses.

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This attorney-prepared packet contains:

1. General Instructions
2. Share and Shareholders Loan Purchase Agreement

State Law Compliance: This form complies with the laws of all states