Once the sale is complete, have the new owner registered in their share book and prepare updated share certificates. Ask the company to provide you with a final form on the partner`s share of income, deductions and credits (Annex K-1) that reflects your share of its profits and losses during the period during which you were a shareholder. Once the deal is done, execute the deal and trade the quid pro quo. Both parties are expected to sign the share transfer agreement. If S Company issues paper share certificates, the current owner should return them to the new owner. When the shares are sold, the buyer must make the payment to the seller. 5.5 Each party hereby declares that it is not informed of matters under its control that could have a negative or negative impact on the performance of its obligations under this Share Transfer Agreement. 4. IMPACT OF NON-FORMALITY It is agreed that, if the intended transfer of shares is not effective due to a lack of formality (including, but not limited to, the non-registration of the transfer in the company`s registers or due to a refusal by the directors of the company whose shares are transferred), the transfer of all economic interests in the shares to the transferees through the creation of a trust in favour of the buyer as beneficiary, in which the shares constitute the object and contemptuous of the agents.
5.16 The assignor irrevocably releases and undertakes to exempt the assignee from any loss resulting from a breach of warranties or other conditions of the share transfer agreement. 1.1 The beneficiary of the acquisition transfers to the buyer, in absolute terms, the total ownership of the shares, against the amount set out in clause 2. This share transfer agreement (the “Contract”) defines the conditions under which [name of assignee] (the “contemptuous”), an enterprise duly registered under the laws of [the State] with registered number [registered number] and registered address at [registered address] transfers certain shares held by it to [name of assignee] (the “assignee”) since it is an enterprise duly registered in accordance with the laws of [the State] and whose registered number is the address [REGISTERED ADDRESS] (together the “parties”). . . .
