This Agreement ("Agreement") is entered into as of December 1, 2064, by and among the undersigned shareholders (each a "Shareholder" and collectively, the "Shareholders") of [YOUR COMPANY NAME] ("Company"), a California corporation. The purpose of this Agreement is to set forth the rights, responsibilities, and obligations of each Shareholder and to provide guidance for the operation of the Company.
The Shareholders acknowledge that the Company was formed on April 15, 2050 under the laws of the State of California, and it operates in accordance with the Articles of Incorporation and Bylaws.
The principal office of the Company shall be located at [YOUR COMPANY ADDRESS], or at such other location as the Shareholders may determine.
Each Shareholder has made the following contributions:
Shareholder Name | Contribution Amount | Contribution Type |
---|---|---|
[YOUR NAME] | $500,000 | Cash |
Houston Smith | $350,000 | Property (Office Building) |
The Company shall be managed by a Board of Directors elected by the Shareholders.
The Board shall consist of 5 directors.
The Officers of the Company shall be appointed by the Board and shall include at least a President, Secretary, and Treasurer. Officers shall serve 2-year terms and may be reappointed by the Board.
Regular meetings of the Shareholders shall be held annually, at the Company’s principal office, unless otherwise agreed by a majority of the Shareholders.
The voting power of each Shareholder shall be proportional to their ownership interest in the Company. All voting shall be conducted in accordance with the Bylaws.
Distributions shall be made to Shareholders at the discretion of the Board, subject to the financial needs of the Company and compliance with applicable laws.
Distributions shall be made proportional to each Shareholder's ownership interest in the Company.
This Agreement may be amended only by a written agreement signed by Shareholders holding at least 75% of the voting power.
This Agreement shall be governed by and construed in accordance with the laws of the State of California.
This Agreement may be executed in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
Date Signed: December 1, 2064 |
Date Signed: December 1, 2064 |
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