Share Purchase Agreement_Deemed Dividend

About this template:

This particular legal document or agreement is used to assist in articulating the terms for share purchase agreement. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

SHARE PURCHASE AGREEMENT DEEMED DIVIDENDS This Share Purchase Agreement (the Agreement) is effective WHEREAS the Seller is the owner of [NUMBER] common shares in the capital share of the Company (the Shares); WHEREAS the [COMPANY NAME] hereto have determined that the fair market value of the Shares is [AMOUNT]; WHEREAS the Company desires to purchase for cancellation and the Seller desires to sell the Shares; WHEREAS there are no reasonable grounds to believe that: (a) the Company is or would after the payment of the purchase price be unable to pay its liabilities as they become due or (b) the realisable value of the Companys assets would after said payment be less than the aggregate of its liabilities and the amounts required for payment on a redemption or in a liquidation of all shares the holders of which have the right to be paid prior to the holders of the Shares;

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