[{"id":"ba06cceb-2b4c-4a2e-9bf8-fae5dcaa6bdf","order":1,"text":"SHAREHOLDERS' AGREEMENT","fontSize":"22","textAlign":"center","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"77820f6c-e367-4bf3-9696-1c04c8b99c31","order":2,"text":"in respect of [Company name]","fontSize":"16","textAlign":"center","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"50c732f0-a8d3-49a7-b838-c96afcf2676f","order":3,"text":"DATE","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10"},{"id":"591e6e42-5c51-41c9-a8e5-aa77b1616679","order":4,"text":"This Agreement is made on [Date].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"fc07824e-db74-47c6-9d28-c72e96690e47","order":5,"text":"PARTIES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10"},{"id":"e2626b9a-6e26-4ad5-a4c1-323ffa87fefc","order":6,"text":"The Company: [Company name] (ACN [ACN]) of [Registered office address] (the Company).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9da77193-2643-4b76-891a-634875fc6c58","order":7,"text":"Shareholder 1: [Full name] of [Address] (Shareholder 1).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e31fd8b9-1c9e-44f6-9e50-e3483e839d67","value":"a body corporate","type":"remove","operator":"="}]},{"id":"00c3999d-1e7e-4c7d-ad93-9129cf9a8a4b","order":8,"text":"Shareholder 1: [Company name] (ACN [ACN]) of [Registered office address] (Shareholder 1).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e31fd8b9-1c9e-44f6-9e50-e3483e839d67","value":"an individual","type":"remove","operator":"="}]},{"id":"4ee9e6bb-982a-4fc1-8806-f43d7fe927cc","order":9,"text":"Shareholder 2: [Full name] of [Address] (Shareholder 2).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"718c681e-d253-47b3-9f3f-80456b3b0ca1","value":"a body corporate","type":"remove","operator":"="}]},{"id":"ce2d6659-f72a-4d7c-bc60-4a14cfbf9c19","order":10,"text":"Shareholder 2: [Company name] (ACN [ACN]) of [Registered office address] (Shareholder 2).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"718c681e-d253-47b3-9f3f-80456b3b0ca1","value":"an individual","type":"remove","operator":"="}]},{"id":"f4ea7d66-add2-4a82-b57d-df5712832738","order":11,"text":"Shareholder 3: [Full name] of [Address] (Shareholder 3).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"498ff5a9-d7f7-47f8-9979-a60e776f7df3","value":"a body corporate","type":"remove","operator":"="}]},{"id":"295065de-4c82-40cb-838d-b2877c839eec","order":12,"text":"Shareholder 3: [Company name] (ACN [ACN]) of [Registered office address] (Shareholder 3).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"498ff5a9-d7f7-47f8-9979-a60e776f7df3","value":"an individual","type":"remove","operator":"="}]},{"id":"bf26e653-9257-4d36-bce8-a32f73638522","order":13,"text":"Shareholder 1 and Shareholder 2 are together referred to as the Shareholders, and each of them is a Shareholder. A reference to a party includes that party's executors, administrators, successors and permitted assigns.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"3","type":"remove","operator":"="}]},{"id":"ee05bb87-b7b8-4282-95f2-8a5806dec668","order":14,"text":"Shareholder 1, Shareholder 2 and Shareholder 3 are together referred to as the Shareholders, and each of them is a Shareholder. A reference to a party includes that party's executors, administrators, successors and permitted assigns.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="}]},{"id":"06693f68-e461-4ec1-93fe-75e6a24eab58","order":15,"text":"BACKGROUND","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10"},{"id":"e4085015-9e7a-428f-8db0-24cb480a1769","order":16,"text":"A. The Company is a proprietary company limited by shares incorporated in Australia and registered under the Corporations Act 2001 (Cth).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2288a24a-9999-4a37-aa37-1c77dd76bfc2","order":17,"text":"B. The Shareholders are the registered holders of all of the issued shares in the capital of the Company, in the proportions set out in Schedule 1.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e52270c8-43e9-4933-a1b5-3f7b7b61ed0a","order":18,"text":"C. The Shareholders wish to record the terms on which they will hold their shares, regulate the management and affairs of the Company, restrict the transfer of shares and resolve disputes between them.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f0144b62-081c-4386-a6dc-7c70b412da8d","order":19,"text":"D. The Company enters into this Agreement to acknowledge the arrangements between the Shareholders and to give effect to them so far as it lawfully may, and nothing in this Agreement obliges the Company to act contrary to the Corporations Act 2001 (Cth) or its Constitution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"7ffe8efe-b2c8-4d60-ac66-4c92dccc07eb","order":20,"text":"IT IS AGREED as follows.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"317849bf-ad2e-4180-bc73-2be2bda89480","order":21,"text":"1. DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S01"},{"id":"367e72d2-87da-4aff-ae16-9f4ba68d36dd","order":22,"text":"In this Agreement, unless the contrary intention appears, the following definitions apply.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b4e0ba38-36fa-4c03-87da-7a905e5af44d","order":23,"text":"Accounting Standards means the accounting standards made under section 334 of the Corporations Act and, where not inconsistent, generally accepted accounting principles applied in Australia.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"41bf3b4b-1f74-478f-a45b-637cc219c8dc","order":24,"text":"Board means the board of directors of the Company for the time being.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0e1e35c6-96b7-41d7-b79d-efbf09c4cb5a","order":25,"text":"Business means the business of [Business of the Company], together with any other business the Shareholders approve as a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"16b3d38f-89f3-422e-b197-3bcf67770c4f","order":26,"text":"Business Day means a day that is not a Saturday, Sunday, public holiday or bank holiday in New South Wales.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b70fce5b-f1bf-49cf-85c0-8f978a5325df","order":27,"text":"Confidential Information means all information relating to the Company, the Business, the customers, suppliers, finances, know-how, source code, trade secrets and dealings of the Company, and the terms of this Agreement, other than information that is or becomes public otherwise than by breach of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ccdf12c2-a694-4a76-bfcc-0fd75437de8f","order":28,"text":"Constitution means the constitution of the Company for the time being, and where the Company has no constitution, the replaceable rules that apply to it under the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d6eee7b2-b024-4c94-aef6-8fdc41be5885","order":29,"text":"Corporations Act means the Corporations Act 2001 (Cth).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fc67119f-4839-4828-8a08-2b661d4608a4","order":30,"text":"Deadlock has the meaning given in the Article entitled "Deadlock".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a8253789-57f5-444b-90d3-3343d87aaa50","order":31,"text":"Fair Value means the value of the relevant Shares determined under the Article entitled "Valuation of Shares".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ee71c811-d15d-4178-93a3-9d67f2f2cb19","order":32,"text":"Compulsory Transfer Event and Outgoing Shareholder have the meanings given in the Article entitled "Compulsory Transfer Events".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"f72fd42e-a281-4eb0-a9d5-3a99ba8fcc9b","order":33,"text":"Permitted Transferee has the meaning given in the Article entitled "Restrictions on Transfer".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fe329585-ea93-4ac6-bfcb-c106e49c87ea","value":"yes","type":"add","operator":"="}]},{"id":"53308d6c-472f-4014-b7ee-7a8a285942ca","order":34,"text":"Related Body Corporate has the meaning given in section 50 of the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"026724f2-8219-46e5-a8cd-600613d17557","order":35,"text":"Reserved Matter means any matter listed in the Article entitled "Reserved Matters".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d8f4dac9-68b2-4e95-a634-7298ac532796","order":36,"text":"Shares means ordinary shares in the capital of the Company, and Share means any one of them.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"117216bc-2aa1-43d8-8315-a38b458bc4d4","order":37,"text":"Transfer Notice has the meaning given in the Article entitled "Pre-emptive Rights on Transfer".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"69284dbb-46ae-45b5-ba0b-a5abcecd7425","order":38,"text":"In this Agreement, unless the contrary intention appears: the singular includes the plural and the converse; a reference to a person includes a body corporate, trust, partnership or other entity; a reference to a statute includes that statute as amended or replaced and any subordinate legislation made under it; headings are for convenience only and do not affect interpretation; a reference to dollars or A$ is a reference to Australian currency; and no rule of construction applies to the disadvantage of a party because that party drafted this Agreement or any provision of it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ad3e6361-4fd7-4413-a9a8-08c3c8e1a90a","order":39,"text":"Where an obligation is expressed to be an obligation of more than one Shareholder, that obligation binds them jointly and each of them severally.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"8cddffae-176a-43e5-98e2-5c31b4c0f0eb","order":40,"text":"2. SHARE CAPITAL AND SHAREHOLDINGS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S02"},{"id":"df686fae-d03b-4748-9c54-4f84e2beb620","order":41,"text":"The Shareholders acknowledge that, as at the date of this Agreement, the issued capital of the Company is held as set out in Schedule 1, and that no person other than the Shareholders holds any Share, option over a Share, or right to be issued a Share.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"dafaa443-382b-4197-bb6d-2e9118410622","order":42,"text":"The Company must not issue any Share, or grant any option or other right to subscribe for or convert any security into a Share, except in accordance with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"48d1344d-01a1-4cab-b363-e5342ec8fb20","order":43,"text":"Each Shareholder must exercise all voting rights and powers available to it, and use its best endeavours to procure that any director it appoints acts (so far as consistent with that director's duties), so as to give full effect to this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b8404cc0-1bcd-4d83-aecf-12519f26827e","order":44,"text":"Nothing in this Agreement requires a director to act in breach of the duties that director owes to the Company under the Corporations Act, at general law or otherwise, and a Shareholder is not in breach of this Agreement merely because a director appointed by it acts in accordance with those duties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"ded66d1c-de68-45a0-be12-f9202659e80f","order":45,"text":"3. THE BUSINESS AND CONDUCT OF THE COMPANY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S03"},{"id":"f29271f6-37c2-491b-b834-97518c6685aa","order":46,"text":"The Shareholders must procure, so far as they lawfully can, that the Company carries on the Business in a proper and efficient manner, for its own benefit, and in accordance with this Agreement, the Constitution and all applicable laws.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"635f40b8-3d8d-4747-8fd2-37bf5470a564","order":47,"text":"The Company must not carry on any business other than the Business without approval as a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8595bcab-7629-41c2-b5cd-8eb7b3213172","order":48,"text":"The Company must keep proper accounting records in accordance with the Corporations Act and the Accounting Standards, prepare annual financial statements within four months after the end of each financial year, and provide each Shareholder with management accounts within 30 days after the end of each quarter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"821b5437-6c05-41c1-8cdf-aedec7bf7c7b","order":49,"text":"Each Shareholder and its professional advisers may inspect the books and records of the Company at any reasonable time on reasonable notice, at the expense of that Shareholder, provided that the person inspecting is bound by an obligation of confidence at least as onerous as the Article entitled "Confidentiality, Intellectual Property and Privacy".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"06bcaaec-6ea3-4414-9d71-186399195fd9","order":50,"text":"4. THE BOARD","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S04"},{"id":"6e8128a6-4e51-426f-ba23-77477bda1037","order":51,"text":"The Board is responsible for the management of the Business, subject to this Agreement, the Constitution and the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b515d211-fa56-4e8d-940f-872c0d6fb9ce","order":52,"text":"Shareholder 1 may, by notice in writing to the Company, appoint one director of the Company and may in the same manner remove any director so appointed and appoint another in that person's place.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"216ba610-35ec-4515-a28b-1baed2445a33","value":"entitled to appoint one director","type":"add","operator":"="}]},{"id":"3979edac-7229-4372-b694-8241a2e72b74","order":53,"text":"Shareholder 1 is not entitled to appoint a director of the Company, and the directors are appointed by the Shareholders under the Constitution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"216ba610-35ec-4515-a28b-1baed2445a33","value":"not entitled to appoint a director","type":"add","operator":"="}]},{"id":"14b8b314-06c8-4ed3-b88b-68d00541422c","order":54,"text":"Shareholder 2 may, by notice in writing to the Company, appoint one director of the Company and may in the same manner remove any director so appointed and appoint another in that person's place.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"2c146ac0-befd-4501-8d34-5d972e1d6619","value":"entitled to appoint one director","type":"add","operator":"="}]},{"id":"472ec571-26f4-4b53-8477-8b1328a71d9e","order":55,"text":"Shareholder 2 is not entitled to appoint a director of the Company under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"2c146ac0-befd-4501-8d34-5d972e1d6619","value":"not entitled to appoint a director","type":"add","operator":"="}]},{"id":"7df1f1b2-c57b-410b-9899-f96a30889990","order":56,"text":"Shareholder 3 may, by notice in writing to the Company, appoint one director of the Company and may in the same manner remove any director so appointed and appoint another in that person's place.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"92535ae3-a86d-4474-86ac-a2a7d48425bc","value":"entitled to appoint one director","type":"add","operator":"="}]},{"id":"b30fb04c-a769-40c3-a982-8abb5c1085ea","order":57,"text":"Shareholder 3 is not entitled to appoint a director of the Company under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"92535ae3-a86d-4474-86ac-a2a7d48425bc","value":"not entitled to appoint a director","type":"add","operator":"="}]},{"id":"f372b208-7b3e-4e1e-ae98-bdbd0a0f7869","order":58,"text":"An appointment or removal of a director under this Article takes effect when the notice is received at the registered office of the Company, and the Company must promptly lodge any notice required by section 205B of the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"501cc764-dfa6-4e23-80ae-17337dc96b23","order":59,"text":"The Board consists of the directors appointed under this Article and of any further director appointed by the Shareholders as a Reserved Matter. The Company must at all times have at least one director who ordinarily resides in Australia, as required by section 201A of the Corporations Act, and the Shareholders must exercise their voting rights so as to give effect to this Article and to the appointment rights set out in Schedule 2.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3e41d645-2164-4af0-9929-c2ecd5ec95bc","order":60,"text":"A Shareholder that appoints a director must indemnify the Company against any claim for compensation arising from the removal of that director by that Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3b146272-bf53-4e37-b0d5-4c3af57e5bc2","order":61,"text":"The quorum for a meeting of the Board is [Quorum] directors present in person or by any technology by which each participant can hear and be heard, and a quorum must be present at all times during the meeting. If a quorum is not present within 30 minutes after the time appointed, the meeting stands adjourned to the same time and place seven days later, and at the adjourned meeting the directors present constitute a quorum.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d4524acd-3ecf-435b-9e08-0b32bdef08ae","order":62,"text":"The Board must meet at least quarterly, and at any other time on not less than five Business Days' notice given by any director, which notice must specify the business to be considered.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7fba92db-55cb-4035-a6a4-ce71c5a1205d","order":63,"text":"The chair of the Board rotates annually between the directors appointed by the Shareholders, in the order in which those Shareholders are named in this Agreement. Where no director has been appointed by a Shareholder entitled to the chair for the relevant year, or where the chair is not present within 15 minutes after the time appointed for a meeting, the directors present elect one of their number to chair that meeting.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8b849b6-78f8-475e-b188-d8560d4b0d0e","value":"rotate","type":"add","operator":"="}]},{"id":"e3c6cb2b-7259-473b-b55e-bc110db47448","order":64,"text":"The director appointed by Shareholder 1 is the chair of the Board and presides at each meeting of the Board at which that director is present. If that director is not present within 15 minutes after the time appointed for a meeting, the directors present elect one of their number to chair that meeting.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8b849b6-78f8-475e-b188-d8560d4b0d0e","value":"sh1","type":"add","operator":"="},{"field":"216ba610-35ec-4515-a28b-1baed2445a33","value":"not entitled to appoint a director","type":"remove","operator":"="}]},{"id":"ed4c246d-d49a-43ec-803e-d9a6b925e241","order":65,"text":"As Shareholder 1 does not appoint a director, the directors present at each meeting of the Board elect one of their number to chair that meeting.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8b849b6-78f8-475e-b188-d8560d4b0d0e","value":"sh1","type":"add","operator":"="},{"field":"216ba610-35ec-4515-a28b-1baed2445a33","value":"not entitled to appoint a director","type":"add","operator":"="}]},{"id":"d6ea8e69-595f-40d2-868a-c21d76a61713","order":66,"text":"The directors present at each meeting of the Board elect one of their number to chair that meeting.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8b849b6-78f8-475e-b188-d8560d4b0d0e","value":"none","type":"add","operator":"="}]},{"id":"fbdad3ab-d53e-400f-a5af-02550e8338d8","order":67,"text":"Each director has one vote. The chair does not have a second or casting vote, and a resolution on which the votes are equally divided is not carried and, if it concerns a Reserved Matter or a matter material to the Business, gives rise to a Deadlock.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d7920c1a-6128-4440-a7fe-87f07143882f","value":"no","type":"add","operator":"="}]},{"id":"45e209d7-4a78-4be3-a53e-3cf92e7174b9","order":68,"text":"Each director has one vote and, in the case of an equality of votes, the chair of the meeting has a second or casting vote.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d7920c1a-6128-4440-a7fe-87f07143882f","value":"yes","type":"add","operator":"="}]},{"id":"625c2784-90b7-47ee-a4c7-3757300bcf45","order":69,"text":"A resolution in writing signed or assented to by all directors entitled to vote is as valid as a resolution passed at a duly convened meeting of the Board, and may consist of several documents in like form each signed by one or more directors.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e1554a2c-80bb-4583-bc14-b96742c1ddba","order":70,"text":"A director may participate in a meeting of the Board by any technology consented to by all directors, and consent may be a standing consent given in advance and is taken to be given unless withdrawn by written notice to the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ff62a435-a9d6-4013-b364-680256284e3d","order":71,"text":"Every director must, in accordance with sections 191 and 195 of the Corporations Act, disclose to the Board any material personal interest in a matter that relates to the affairs of the Company, and the Shareholders must not do anything that would prevent the Company from complying with those sections.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"dd42d73b-25a5-406c-a992-1711ef792362","order":72,"text":"The Shareholders must procure the appointment of [Name of the Company Secretary] as the company secretary of the Company, who holds office until removed or replaced by a resolution of the Board.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"3c1bfff3-5ecd-4a43-91f1-0988b18f985e","value":"yes","type":"add","operator":"="}]},{"id":"5eaa49aa-b12a-4f04-8612-903564c79e01","order":73,"text":"The Board appoints the company secretary of the Company from time to time in accordance with the Constitution and the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"3c1bfff3-5ecd-4a43-91f1-0988b18f985e","value":"no","type":"add","operator":"="}]},{"id":"1f142279-f451-4c42-b64f-db09df75dbf1","order":74,"text":"The Company must, to the extent permitted by section 199A of the Corporations Act, indemnify each director against liability incurred as a director of the Company, and must maintain directors' and officers' liability insurance on terms approved by the Board for so long as such insurance is available on commercially reasonable terms.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"9a48db78-e605-4173-a66a-b074949159cc","order":75,"text":"5. RESERVED MATTERS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S05"},{"id":"0c16d958-00fc-4280-8e0c-06c5498282a9","order":76,"text":"The Company must not do, and the Shareholders must procure that the Company does not do, any of the following without unanimous approval of all Shareholders given in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b37888e8-3497-4a4e-a065-aeb4b1ce5445","order":77,"text":"(a) alter the Constitution, or the rights attaching to any class of Shares;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"e78b1679-54a7-4b51-b096-a234862c878c","order":78,"text":"(b) issue, allot or grant any option or right over any Share or other security, or buy back, reduce, consolidate or divide its capital;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"6a237fb9-22a6-4a35-9353-bbc20675843f","order":79,"text":"(c) alter the nature or scope of the Business, or commence any new business, or cease to carry on any material part of the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"5985a006-f84a-4780-a030-441e6da25dab","order":80,"text":"(d) declare or pay any dividend or make any other distribution, otherwise than in accordance with the Article entitled "Dividend Policy";","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"272e7ac6-7df1-4d76-badf-2feb8376cecb","order":81,"text":"(e) incur any single item of capital expenditure exceeding A$[Capex threshold], or any commitment or series of related commitments exceeding that amount;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"fc8816af-31c3-4673-9b3e-97ca5ef29e3a","order":82,"text":"(f) borrow any money, or grant any security, guarantee or indemnity in respect of the obligations of any person, other than in the ordinary course of the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"00406123-c660-46e9-ba47-2b514656f7a5","order":83,"text":"(g) acquire or dispose of any business, shares in any body corporate, or any asset that is material to the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"08751a4c-71a4-4254-bcc4-79b489719fa3","order":84,"text":"(h) enter into, vary or terminate any contract or transaction with a Shareholder, a director, or a related party of either, as further provided in the Article entitled "Conflicts of Interest and Related Party Transactions";","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"c918a6f4-2687-4345-bdd9-dc1acbe3c809","order":85,"text":"(i) appoint or remove the auditor, or change the financial year, the accounting policies or the bankers of the Company;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"cb731eca-0bf8-4e8e-8ed6-bf86a8170f29","order":86,"text":"(j) employ or dismiss any person whose total annual remuneration exceeds A$[Capex threshold], or materially vary the terms of such employment;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"0917a6ef-496a-4b8e-96da-52995f6badb5","order":87,"text":"(k) commence, settle or discontinue any litigation or arbitration, other than the recovery of trade debts in the ordinary course;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"fe9893ed-6753-4ada-a19b-ee0f886e4bb7","order":88,"text":"(l) enter into any partnership, joint venture or profit-sharing arrangement, or grant any licence of material intellectual property of the Company;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"f90d431a-6609-423f-b8ed-cbdb04232148","order":89,"text":"(m) apply for the Company to be wound up, appoint an administrator or liquidator, or enter into any arrangement with creditors, otherwise than as required by law; or","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"0c075331-9345-4d55-9385-72a6430566e8","order":90,"text":"(n) do any act or thing that is inconsistent with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f6e59b8b-6b45-4fcf-a1c7-7280ea48449d","order":91,"text":"A matter is approved as a Reserved Matter if it receives unanimous approval of all Shareholders, whether given at a meeting of Shareholders, by written resolution, or by written consent of the relevant Shareholders. Approval may be given conditionally.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"f3c4e6dd-5853-4870-ade8-182918e30ecd","order":92,"text":"6. CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTIONS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S06"},{"id":"29aed4d2-a10c-457f-a65e-746c468b0c7f","order":93,"text":"A director who has a material personal interest in a matter that relates to the affairs of the Company must give the other directors notice of that interest in accordance with section 191 of the Corporations Act, and must not be present while the matter is being considered at a meeting of the Board, nor vote on the matter, except as permitted by section 195 of the Corporations Act or where the Shareholders approve that presence and vote as a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0a8c73e8-e00c-4e29-a66a-de65567e8416","order":94,"text":"Where a director appointed by a Shareholder is precluded from voting under this Article, the Shareholder that appointed that director may not exercise its voting rights as a Shareholder so as to procure the Company to enter into the transaction otherwise than in accordance with this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"04b514ba-642d-4b80-9e29-1c147b67ebdb","order":95,"text":"The Company must not give a financial benefit to a related party of the Company except in accordance with Chapter 2E of the Corporations Act, and every transaction between the Company and a Shareholder, a director, or a related party of either, must be on arm's length terms, be recorded in writing, and be approved as a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"be45f6cf-d41e-4f8a-8225-4066500f8a0b","order":96,"text":"A Shareholder must disclose to the other Shareholders, promptly and in writing, any interest it or its associates holds in a business that competes with the Business, or in any person that supplies goods or services to, or acquires goods or services from, the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"944eda61-bc72-4f90-a2da-29cef95441c3","order":97,"text":"Subject to this Article and to the duties owed by a director to the Company, a Shareholder is not obliged to offer to the Company any business opportunity that comes to it otherwise than in its capacity as a Shareholder or through the Business, and the Shareholders acknowledge that no fiduciary duty is owed by one Shareholder to another merely by reason of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"1fbdb181-64e5-4052-bf4e-e03f5b33331a","order":98,"text":"7. MEETINGS OF SHAREHOLDERS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S07"},{"id":"305d2dad-06ec-4423-b9c1-21cbb49bff48","order":99,"text":"The quorum for a meeting of Shareholders is the presence, in person or by proxy, corporate representative or attorney, of Shareholders holding not less than a majority of the Shares, and where a quorum is not present within 30 minutes after the time appointed, the meeting stands adjourned to the same time and place seven days later.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"03ed495b-ea69-4823-b066-014fd28dd757","order":100,"text":"Not less than 21 days' notice of a meeting of Shareholders must be given, unless every Shareholder entitled to attend agrees to shorter notice in accordance with section 249H of the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a0de44c8-724c-4a34-905e-868688a00226","order":101,"text":"On a poll, each Shareholder has one vote for each Share held. A resolution of Shareholders is passed by a simple majority of votes cast, except where this Agreement, the Constitution or the Corporations Act requires a special resolution or approval as a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5e102eda-1313-4e77-9129-556f81f1d0c3","order":102,"text":"A resolution in writing signed by all Shareholders entitled to vote is as valid as a resolution passed at a duly convened meeting of Shareholders, and may consist of several documents in like form.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"50a8eb0e-89bb-4e32-8a87-19e6a8329429","order":103,"text":"8. FUNDING","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S08"},{"id":"99b102db-e2fa-4433-afba-4991e7f1ac7a","order":104,"text":"The Shareholders intend that the Company will fund the Business from its own cash flow and, where necessary, from external finance obtained on the best terms reasonably available without recourse to the Shareholders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"65be30e0-6b29-4cd8-adad-ab1c882f6453","order":105,"text":"No Shareholder is obliged to subscribe for further Shares, to lend money to the Company, or to give any guarantee or security in respect of the obligations of the Company, except with that Shareholder's written consent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"41e8dfa4-9405-465c-bef3-86026aa2d2a9","order":106,"text":"Where the Board determines that further funding is required, the Company must offer to each Shareholder the opportunity to subscribe for further Shares, at a price and on terms approved as a Reserved Matter, in the proportion that the Shares held by that Shareholder bear to all Shares on issue. If a Shareholder does not accept its full entitlement within 20 Business Days, the balance may be offered to the accepting Shareholders in proportion to their holdings and, only if still not taken up, to a third party at a price no lower and on terms no more favourable, subject to that third party executing a deed of accession.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"06f1da78-a0e2-4a4e-be92-bc32ede8f6ac","value":"equity","type":"add","operator":"="}]},{"id":"54c98464-a2b0-4f36-9495-2bb4491ba145","order":107,"text":"Where the Board determines that further funding is required, each Shareholder that wishes to provide it may lend money to the Company in proportion to its shareholding. A shareholder loan is unsecured, is subordinated to the external financiers of the Company, bears interest at [Interest rate]% per annum calculated daily on the outstanding balance, and is repayable on 90 days' notice given after the Company has met its obligations to external financiers.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"06f1da78-a0e2-4a4e-be92-bc32ede8f6ac","value":"loans","type":"add","operator":"="}]},{"id":"1a85fed4-83c5-40d0-8b09-ab0d7cb01ea3","order":108,"text":"Where the Board determines that further funding is required, the Shareholders must consider in good faith whether to provide it by way of subscription for further Shares pro rata, by way of shareholder loans pro rata, or by a combination of both, and the method chosen is a Reserved Matter. Any subscription for further Shares must first be offered to each Shareholder in proportion to its existing holding. Any shareholder loan is unsecured, is subordinated to the external financiers of the Company, bears interest at [Interest rate]% per annum calculated daily on the outstanding balance, and is repayable on 90 days' notice given after the Company has met its obligations to external financiers.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"06f1da78-a0e2-4a4e-be92-bc32ede8f6ac","value":"either","type":"add","operator":"="}]},{"id":"386b57c5-c405-47dd-ae9b-c97f6dfc7119","order":109,"text":"A Shareholder that does not take up its entitlement is not in breach of this Agreement, but accepts that its proportionate interest in the Company may be diluted accordingly.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"cb5c15eb-d0f7-47e9-8d5c-6966f7314204","order":110,"text":"9. TAXATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S09"},{"id":"1f18042f-31e6-4994-91c2-4e6a53b235b4","order":111,"text":"The Company must maintain its tax registrations, lodge every return required of it within time, and pay every tax, duty and charge for which it is liable when due, and must not enter into any arrangement a purpose of which is the avoidance of tax.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"33de1e41-bfa4-4f9d-8179-8fd0fa6279cc","order":112,"text":"Where a Shareholder, or an associate of a Shareholder, is a private company for the purposes of Division 7A of Part III of the Income Tax Assessment Act 1936 (Cth), the Shareholders must procure that any loan, payment or debt forgiveness between the Company and that Shareholder or associate is documented and administered so as not to give rise to a deemed dividend under that Division, including by putting in place a complying loan agreement before the lodgment day.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"634fc8a4-3d00-4708-ac80-a3d01164abd5","order":113,"text":"The Company must maintain a franking account and must not take any action that would give rise to a franking deficit tax liability without the approval of the Shareholders as a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6cda0178-0357-4e33-83d7-6814440d2f14","order":114,"text":"The Company must not enter, or elect to be a subsidiary member of, a tax consolidated group or a GST group, and must not make any material election, choice or determination for tax purposes that affects the Shareholders differently, except with the approval of the Shareholders as a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a8fe9e25-ff1d-4149-bebf-c9b8bae37d36","order":115,"text":"Each Shareholder is responsible for its own tax position, and no Shareholder or the Company gives any other party any advice or assurance as to the taxation consequences of this Agreement or of holding Shares. Each Shareholder has obtained, or has had the opportunity to obtain, its own independent taxation advice.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"9002f7c3-fa23-42be-aace-eb70d0338dd8","order":116,"text":"10. DIVIDEND POLICY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S10"},{"id":"6fb222e6-0fa4-437e-aa94-00aabb6f61ac","order":117,"text":"Subject to section 254T of the Corporations Act, to the solvency of the Company and to the working capital, capital expenditure and reasonable reserves required by the Business, the Shareholders intend that the Company distribute by way of dividend not less than [Target percentage]% of the profits of the Company available for distribution in each financial year, such dividend to be declared within three months after the annual financial statements for that year are adopted.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f81ca8f-fc6e-4718-9982-9a9e6262a96c","value":"policy","type":"add","operator":"="}]},{"id":"24c47519-064f-463a-8b1d-f38202d8f1a8","order":118,"text":"The Company has no fixed dividend policy. The Board must consider at the end of each financial year whether to recommend a dividend, having regard to section 254T of the Corporations Act, the solvency of the Company and the working capital and capital expenditure needs of the Business, and the declaration of any dividend is a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f81ca8f-fc6e-4718-9982-9a9e6262a96c","value":"discretion","type":"add","operator":"="}]},{"id":"2e0d5e4f-6764-4b95-8139-1160f16f73d2","order":119,"text":"The Company must not pay a dividend unless the assets of the Company exceed its liabilities immediately before the dividend is declared, the excess is sufficient for the payment of the dividend, the payment is fair and reasonable to the Shareholders as a whole, and the payment does not materially prejudice the ability of the Company to pay its creditors.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"92179c6c-0b00-497e-8fe4-49b949302e6d","order":120,"text":"Dividends are payable to the Shareholders in proportion to the Shares held by them, and the Company must, where it lawfully may and where franking credits are available, frank each dividend to the maximum extent permitted.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"1b0663e6-b997-4dfd-9df0-b6fcdbd444d8","order":121,"text":"11. PRE-EMPTIVE RIGHTS ON ISSUE OF SHARES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S11"},{"id":"a9790b23-32e7-481f-b98f-497bb4a89538","order":122,"text":"Before the Company issues any Share, or grants any option or other right to subscribe for or convert any security into a Share, it must first offer that Share or right to each Shareholder in the proportion that the Shares held by that Shareholder bear to all Shares then on issue, on terms no less favourable than those on which the Share or right is proposed to be issued to any other person.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a118fe3b-cfd1-47a4-a592-b0a5c9e03066","order":123,"text":"An offer under this Article must be made in writing, must specify the number of Shares, the subscription price and the terms of issue, and must remain open for acceptance for not less than 20 Business Days.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"08b04098-b090-4e24-b771-e6a1b5765735","order":124,"text":"This Article applies in addition to section 254D of the Corporations Act to the extent that section applies to the Company, and the Shareholders must procure that the Company does not issue any Share otherwise than in accordance with this Article, except with approval as a Reserved Matter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"aa9e59e9-d814-4e92-a8cc-994800954804","order":125,"text":"Any person who is to be issued Shares and who is not already a Shareholder must first execute a deed of accession, in a form approved by the Board, by which that person agrees to be bound by this Agreement as if named in it as a Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"d8712198-8762-4e9e-98f0-f8dd95151b57","order":126,"text":"12. RESTRICTIONS ON TRANSFER","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S12"},{"id":"1afd46aa-ba90-4dd5-aa5b-cc39577aed94","order":127,"text":"A Shareholder must not sell, transfer, assign, mortgage, charge, declare a trust over, or otherwise deal with any Share or any interest in a Share, except in accordance with this Agreement. Any purported dealing in breach of this Article is void and of no effect, and the Company must refuse to register it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2bb98397-553b-4eec-90ec-7377f9d43f19","order":128,"text":"A Shareholder must not transfer a Share unless the transfer is of the entire legal and beneficial interest in that Share, free of any encumbrance, and unless the transferee, if not already a Shareholder, first executes a deed of accession by which it agrees to be bound by this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"61af501a-ab63-4259-a20a-8479924c0e38","order":129,"text":"The Board must refuse to register a transfer of Shares made otherwise than in accordance with this Agreement, and the Shareholders must exercise their voting rights so as to procure that refusal.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d709af28-73eb-46c0-bbba-badccad997e4","order":130,"text":"Nothing in this Agreement prevents a Shareholder from transferring all (but not some) of its Shares to a Permitted Transferee, and such a transfer is not subject to the Article entitled "Pre-emptive Rights on Transfer". A Permitted Transferee of a Shareholder means, where the Shareholder is an individual, a trustee of a trust of which that individual and members of that individual's immediate family are the only beneficiaries, or a body corporate wholly owned and controlled by that individual; and, where the Shareholder is a body corporate, a Related Body Corporate of that Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fe329585-ea93-4ac6-bfcb-c106e49c87ea","value":"yes","type":"add","operator":"="}]},{"id":"01d9d508-c068-44d7-b97e-02f03ec344d2","order":131,"text":"A Permitted Transferee must execute a deed of accession before the transfer is registered, and the transferring Shareholder remains liable, jointly and severally with the Permitted Transferee, for the performance of the obligations of a Shareholder under this Agreement. If a Permitted Transferee ceases to satisfy the description of a Permitted Transferee of the original Shareholder, it must immediately transfer the Shares back to that Shareholder, and pending that transfer it must not exercise any voting right attaching to those Shares.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fe329585-ea93-4ac6-bfcb-c106e49c87ea","value":"yes","type":"add","operator":"="}]},{"id":"bd0d0ff1-8a2d-4219-9e92-55881a5561e3","order":132,"text":"Every transfer of Shares, without exception, is subject to the Article entitled "Pre-emptive Rights on Transfer", and no transfer to a family trust, a related entity or a Related Body Corporate is exempt from it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fe329585-ea93-4ac6-bfcb-c106e49c87ea","value":"no","type":"add","operator":"="}]},{"id":"87bf016b-a7fa-4301-8644-bac922eb3a8a","order":133,"text":"Each Shareholder must notify the other Shareholders in writing as soon as practicable after it becomes aware of any change in the effective control of that Shareholder, where the Shareholder is a body corporate or a trustee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"47b00ad7-70cd-4f56-ab81-6c416530db3e","order":134,"text":"13. PRE-EMPTIVE RIGHTS ON TRANSFER","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S13"},{"id":"9071f312-8ab0-44d3-96bc-24a07a1bfa74","order":135,"text":"A Shareholder that wishes to transfer any Share (the Seller) must first give written notice to the Company (a Transfer Notice) specifying the number of Shares offered (the Sale Shares), the price at which the Seller is willing to sell them, and whether the Transfer Notice is conditional on all of the Sale Shares being sold.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9d93ebfd-7d6b-409d-8607-744f48cbc9a2","order":136,"text":"A Transfer Notice is irrevocable once given, except with the written consent of the Board, and appoints the Company as the agent of the Seller for the sale of the Sale Shares on the terms of this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7b02cec6-a2e5-474b-8cb5-a0d9f0ef23d3","order":137,"text":"Within five Business Days after receiving a Transfer Notice, the Company must offer the Sale Shares to each Shareholder other than the Seller, in the proportion that the Shares held by that Shareholder bear to all Shares held by Shareholders other than the Seller. The offer must remain open for acceptance for [Pre-emption period] days.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f69b45cd-cfd2-4fcb-a5d6-dd37971ab08d","order":138,"text":"A Shareholder accepting an offer may state that it wishes to acquire additional Sale Shares not accepted by others, and any Sale Shares not accepted are allocated to those Shareholders in proportion to their holdings, up to the number each has applied for, with any fraction rounded down and the balance allocated by lot.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"219eadeb-938e-45b4-a7f3-afd3e3b6cd78","order":139,"text":"Where the Shareholders accept all of the Sale Shares, completion must take place within 10 Business Days after the offer closes, at which time the Seller must deliver a duly executed transfer and the certificate (if any) for the Sale Shares against payment of the price in cleared funds.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8b9c9598-de09-4030-854a-45b71086ab15","order":140,"text":"Where the Shareholders do not accept all of the Sale Shares, and the Transfer Notice was not conditional on all of the Sale Shares being sold, the Seller may, within [Pre-emption period] days after the offer closes, sell the Sale Shares not so accepted to any person who is not a competitor of the Company, at a price not lower than the price stated in the Transfer Notice and on terms no more favourable to the buyer, provided the buyer executes a deed of accession. Where the Transfer Notice was conditional and the Shareholders do not accept all of the Sale Shares, no Sale Shares may be sold under the Transfer Notice.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"77b51d4e-d697-44e5-b7d7-897d8bdfde6b","order":141,"text":"If the Seller fails to complete a transfer required by this Agreement, each other Shareholder is irrevocably appointed the attorney of the Seller to execute and deliver the transfer, and the Company may receive the purchase price and hold it on trust for the Seller, and the entry of the buyer in the register of members is conclusive evidence of its title.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"85453cbb-552a-4223-a826-f06754504c71","order":142,"text":"14. TAG-ALONG RIGHT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"76e30e28-f076-4608-8d0c-7656868ca0b6","value":"yes","type":"add","operator":"="}],"sectionNum":"S14"},{"id":"6b94c6da-521d-41a3-8c1d-94406ca10c0c","order":143,"text":"Where one or more Shareholders (the Selling Shareholders) propose to transfer to a person who is not a Shareholder Shares which, together with any Shares already held by that person and its associates, would result in that person holding more than 50% of the Shares, that transfer must not be made unless the buyer first offers to acquire, on the same terms and at the same price per Share, all of the Shares held by each other Shareholder that wishes to accept.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"76e30e28-f076-4608-8d0c-7656868ca0b6","value":"yes","type":"add","operator":"="}]},{"id":"31769e56-2a59-40f5-904f-72fe4d8e9908","order":144,"text":"The Selling Shareholders must give each other Shareholder not less than 20 Business Days' written notice of the proposed transfer, specifying the identity of the buyer, the price per Share and all other material terms, and a Shareholder wishing to accept must do so by written notice within that period.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"76e30e28-f076-4608-8d0c-7656868ca0b6","value":"yes","type":"add","operator":"="}]},{"id":"3c4ae04f-e82a-4366-8e71-5da0e9bac928","order":145,"text":"The rights conferred by this Article are in addition to, and do not limit, the Article entitled "Pre-emptive Rights on Transfer", and a transfer made in breach of this Article is void and must not be registered.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"76e30e28-f076-4608-8d0c-7656868ca0b6","value":"yes","type":"add","operator":"="}]},{"id":"6731515b-ec2a-4200-92f9-7535e806e4c5","order":146,"text":"15. DRAG-ALONG RIGHT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"30deb90a-bc97-4d0a-9668-18f75f164ba6","value":"yes","type":"add","operator":"="}],"sectionNum":"S15"},{"id":"440d02dc-6e37-4d17-9c12-4957fe30cc42","order":147,"text":"Where Shareholders holding not less than [Drag threshold]% of the Shares (the Dragging Shareholders) accept a bona fide arm's length offer from a person who is not an associate of any of them to acquire all of the Shares, the Dragging Shareholders may require each other Shareholder (a Dragged Shareholder) to transfer all of its Shares to that person, on the same terms and at the same price per Share.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"30deb90a-bc97-4d0a-9668-18f75f164ba6","value":"yes","type":"add","operator":"="}]},{"id":"bdc5c3d5-4217-444a-9635-cbd7fa0fe9fc","order":148,"text":"The Dragging Shareholders exercise this right by giving each Dragged Shareholder written notice, not less than 20 Business Days before completion, specifying the identity of the buyer, the price per Share, the terms of the offer and the date of completion. A Dragged Shareholder must not be required to give any warranty or indemnity other than as to its title to its Shares and its capacity to transfer them, and must not be required to accept consideration in a form other than that offered to the Dragging Shareholders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"30deb90a-bc97-4d0a-9668-18f75f164ba6","value":"yes","type":"add","operator":"="}]},{"id":"4ccc3a7a-f6e1-422e-ba27-ec482e29e360","order":149,"text":"A Dragged Shareholder must deliver a duly executed transfer and the certificate (if any) for its Shares on the date of completion against payment of the price. If it fails to do so, each Dragging Shareholder is irrevocably appointed its attorney to execute the transfer, and the Company must hold the price on trust for it and register the buyer.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"30deb90a-bc97-4d0a-9668-18f75f164ba6","value":"yes","type":"add","operator":"="}]},{"id":"87c7c7a5-3d12-4d9f-8dad-3902abb1cd11","order":150,"text":"Where this Article applies, the Article entitled "Pre-emptive Rights on Transfer" does not apply to the transfer, and the Dragging Shareholders must not exercise this right unless all of the Shares in the Company are acquired at the same time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"30deb90a-bc97-4d0a-9668-18f75f164ba6","value":"yes","type":"add","operator":"="}]},{"id":"a2204929-4fc8-4f69-b38c-e28e3e6eea71","order":151,"text":"16. COMPULSORY TRANSFER EVENTS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}],"sectionNum":"S16"},{"id":"81a51b86-4443-4016-8d9a-c3f9add9964a","order":152,"text":"A Compulsory Transfer Event occurs in relation to a Shareholder (the Outgoing Shareholder) if that Shareholder: dies or, being an individual, becomes subject to a mental incapacity or the appointment of an administrator or guardian of that Shareholder's estate; becomes bankrupt or enters into an arrangement with creditors; being a body corporate, has a liquidator, administrator, receiver or controller appointed to it or any of its assets, or is otherwise insolvent within the meaning of section 95A of the Corporations Act; ceases to be employed by or engaged as a director of the Company in circumstances involving fraud, dishonesty or serious misconduct; or commits a material breach of this Agreement which is not remedied within 20 Business Days after written notice requiring it to be remedied.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"1cbd032f-53de-471b-81ad-ee90d92f1382","order":153,"text":"On the occurrence of a Compulsory Transfer Event, the Outgoing Shareholder is deemed immediately to have given a Transfer Notice in respect of all of the Shares held by it, at a price equal to Fair Value, and that deemed Transfer Notice may not be withdrawn. The Article entitled "Pre-emptive Rights on Transfer" applies to that deemed Transfer Notice, save that the price is Fair Value and the Outgoing Shareholder has no right to sell to a third party any Shares not taken up by the other Shareholders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"57262115-8cfb-4a22-9a15-2dd093340bc4","order":154,"text":"Where the Compulsory Transfer Event is the death of an individual Shareholder, the personal representative of that Shareholder is bound by this Article, and the Shares may instead be transferred to a beneficiary of the estate with the written approval of all continuing Shareholders, in which case the beneficiary must execute a deed of accession.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"29f3f7e2-b134-40c8-9079-e2760c64cc5d","order":155,"text":"From the occurrence of a Compulsory Transfer Event until completion of the transfer of the Shares of the Outgoing Shareholder, that Shareholder must not exercise any voting right attaching to its Shares, and any director appointed by it is deemed to have resigned, but its right to receive a dividend already declared is not affected.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"d606cddd-a746-48d6-a7d1-fc4dcd633b8f","order":156,"text":"The Outgoing Shareholder must, at the request of the continuing Shareholders, use its best endeavours to procure the release of any guarantee or security given by it in respect of the obligations of the Company, and pending that release the continuing Shareholders must indemnify it, in proportion to their holdings, against any liability under it arising after completion.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"d69d9190-112d-488f-ab37-be309943d153","order":157,"text":"17. INSURANCE AND FUNDING OF A COMPULSORY TRANSFER","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}],"sectionNum":"S17"},{"id":"760d9e7a-adbc-49e5-b0bc-84ee580d4787","order":158,"text":"The Shareholders must consider, at least once in each financial year, whether the Company or the Shareholders should effect and maintain life insurance, total and permanent disability insurance, or trauma insurance in respect of each individual whose death or incapacity would give rise to a Compulsory Transfer Event, in an amount sufficient to fund the acquisition of the Shares of that Shareholder at Fair Value.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"5fb068ea-457a-4891-b473-e7f5bca23ee6","order":159,"text":"Where such insurance is effected, the Shareholders must record in writing the owner of each policy, the person whose life is insured, the beneficiary, the party responsible for the premiums, and the manner in which the proceeds are to be applied towards the purchase price payable under the Article entitled "Compulsory Transfer Events". The proceeds of a policy applied towards that purchase price reduce the amount payable by the acquiring Shareholders to that extent, and any excess belongs to the Outgoing Shareholder or its estate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"8491c900-7856-4ba0-bf9e-80a32505eace","order":160,"text":"Where no such insurance is in force, or the proceeds are insufficient, the acquiring Shareholders may elect to pay the purchase price by four equal quarterly instalments, the first falling due at completion, and must give security for the unpaid balance in a form reasonably satisfactory to the Outgoing Shareholder. Interest accrues on the unpaid balance in accordance with the Article entitled "Valuation of Shares".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"36471e2f-21ee-4c63-aa43-f55402e3c1aa","order":161,"text":"No Shareholder is obliged to effect or maintain any policy of insurance under this Article, and a failure to do so does not affect the operation of the Article entitled "Compulsory Transfer Events".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"8125fb4b-6ec0-42f0-a397-cef48c1ff37a","order":162,"text":"18. VALUATION OF SHARES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S18"},{"id":"599f4b83-2a18-4dfd-b3c3-05e9f3b8fd4e","order":163,"text":"Where this Agreement requires Shares to be transferred at Fair Value, the Fair Value is the price agreed in writing between the transferor and the transferees within 15 Business Days after the obligation to transfer arises.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1857e54d-1733-42a5-a33c-be93e64f1a27","order":164,"text":"If Fair Value is not agreed within that period, it must be determined by an independent expert who is a chartered accountant with not less than 10 years' experience in valuing shares in private companies, agreed between the parties or, failing agreement within a further five Business Days, nominated on the application of any party by the President for the time being of Chartered Accountants Australia and New Zealand or that person's nominee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"817ff044-acc6-46cc-9bff-5d9580f3e567","value":"expert","type":"add","operator":"="}]},{"id":"df466d9e-5ff5-4264-8df5-c8be05c1aa15","order":165,"text":"If Fair Value is not agreed within that period, it must be certified by the auditor of the Company for the time being, and if the Company has no auditor, or the auditor declines to act, by an independent chartered accountant nominated on the application of any party by the President for the time being of Chartered Accountants Australia and New Zealand or that person's nominee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"817ff044-acc6-46cc-9bff-5d9580f3e567","value":"auditor","type":"add","operator":"="}]},{"id":"8e90e270-94e8-4b20-b166-eb92ee70d466","order":166,"text":"The person determining Fair Value acts as an expert and not as an arbitrator, must value the Shares as a rateable proportion of the value of the whole of the issued capital of the Company as a going concern between a willing but not anxious seller and a willing but not anxious buyer, without any premium for control and without any discount for a minority holding or for the fact that the transfer is compelled by this Agreement, and must have regard to the most recent audited financial statements and to any material change since.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fc40346f-68a1-4a4d-a9c9-ab42607f376a","order":167,"text":"The determination is final and binding on the parties in the absence of manifest error or fraud, must be given in writing within 30 Business Days after the expert accepts the appointment, and need not give reasons unless a party requests them before the appointment is accepted.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5cf97359-8258-439f-9eba-10ccd29e6e10","order":168,"text":"The costs of the determination are borne by the Company, unless the transferor is an Outgoing Shareholder in respect of whom a Compulsory Transfer Event has occurred, in which case they are borne by that Shareholder. The Company and each Shareholder must give the expert all information and access reasonably required.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"e8ef0015-0fb2-45c3-91fa-ce374cb48f40","order":169,"text":"The costs of the determination are borne by the Company, and the Company and each Shareholder must give the expert all information and access reasonably required.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"no","type":"add","operator":"="}]},{"id":"1f4a2792-9a2e-46aa-84df-d3c686341fea","order":170,"text":"Where the parties agree that the price is to be paid by instalments, the unpaid balance bears interest at the rate agreed between them or, failing agreement, at the rate for the time being applying to unpaid judgment debts in the courts of New South Wales, and the transfer must not be registered until the first instalment is paid and appropriate security for the balance is given.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"2825f3ed-4541-4550-9039-cc50d3bd7551","order":171,"text":"19. DEADLOCK","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S19"},{"id":"9ff3ab59-d294-4d76-8ddd-d660edf6bc6b","order":172,"text":"A Deadlock arises if a resolution concerning a Reserved Matter, or a matter material to the conduct of the Business, is put to the Board or to the Shareholders and is not carried, and the same or substantially the same resolution is again not carried at a further meeting held not less than 10 Business Days later; or if a meeting of the Board or of Shareholders is adjourned twice for want of a quorum because of the absence of the same Shareholder or its appointee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"997dab26-1039-4979-a732-994f758cdbe1","order":173,"text":"A Shareholder may declare a Deadlock by written notice to each other Shareholder and to the Company, specifying the matter in dispute and the resolution proposed.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3464cc39-0974-455d-abe7-b9d57bed5c51","order":174,"text":"Within [Escalation period] days after a Deadlock is declared, each Shareholder must procure that a senior representative with authority to settle the matter, who is not a director of the Company, meets with the representatives of the other Shareholders and negotiates in good faith to resolve the Deadlock. No party may commence proceedings in respect of the matter during that period, except to seek urgent interlocutory relief.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c2fb5a24-8f01-4fd8-8eee-9cf64526fd6c","order":175,"text":"If the Deadlock is not resolved by that escalation, the Shareholders must refer it to mediation before a mediator agreed between them or, failing agreement within five Business Days, nominated on the application of any Shareholder by the Australian Disputes Centre or its nominee. The mediation is to be conducted in New South Wales, the costs of the mediator are borne equally by the Shareholders, and each Shareholder bears its own costs.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b1eb3214-fba4-4bda-996e-f5c1d24557c5","order":176,"text":"If the Deadlock is not resolved within 30 Business Days after the mediator is appointed, any Shareholder (the Offeror) may give written notice (an Offer Notice) to each other Shareholder (each an Offeree) specifying a price per Share at which the Offeror is willing both to buy all of the Shares held by the Offerees and to sell all of the Shares held by the Offeror.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5fe35882-3988-4d54-9699-ffbc786f7098","value":"roulette","type":"add","operator":"="}]},{"id":"a872d6b3-0f9c-4b5c-ac11-5b21dd36de72","order":177,"text":"Within 30 Business Days after receiving an Offer Notice, each Offeree must, by written notice to the Offeror, elect either to sell all of its Shares to the Offeror at the price specified, or to buy all of the Shares held by the Offeror at that price. An Offeree that does not give notice within that period is deemed to have elected to sell.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5fe35882-3988-4d54-9699-ffbc786f7098","value":"roulette","type":"add","operator":"="}]},{"id":"96d7a31d-1460-4bcc-bf0b-e548b2960696","order":178,"text":"Where there is more than one Offeree and their elections differ, the Offerees electing to buy must acquire the Shares of the Offeror and of any Offeree electing to sell, in proportion to their existing holdings as between themselves. Completion must take place within 20 Business Days after the elections close, and the Article entitled "Pre-emptive Rights on Transfer" does not apply to a transfer under this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5fe35882-3988-4d54-9699-ffbc786f7098","value":"roulette","type":"add","operator":"="}]},{"id":"7d9478de-e804-49c6-adb0-046e71e4e263","order":179,"text":"A Shareholder that fails to complete a transfer required by this Article is deemed to have appointed each other Shareholder its attorney to execute the transfer, and the Offeror must not give an Offer Notice unless it is able to complete the purchase of all Shares held by the Offerees at the price specified.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5fe35882-3988-4d54-9699-ffbc786f7098","value":"roulette","type":"add","operator":"="}]},{"id":"a4f7c72b-c079-4d17-88e8-17ddef0adaf7","order":180,"text":"If the Deadlock is not resolved within 30 Business Days after the mediator is appointed, any Shareholder may give written notice to each other Shareholder requiring the Company to be wound up. On receipt of such a notice, the Shareholders must convene a meeting of Shareholders and vote in favour of a special resolution that the Company be wound up voluntarily and that a liquidator be appointed, and must do all things necessary to give effect to that resolution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5fe35882-3988-4d54-9699-ffbc786f7098","value":"winding","type":"add","operator":"="}]},{"id":"95c20ddf-896c-4a7b-9d85-ca665ce97f92","order":181,"text":"Before requiring a winding up, the Shareholders must consider in good faith whether the Business may instead be sold as a going concern to a third party, or whether one Shareholder may acquire the Shares of the others at Fair Value, and any Shareholder may make such a proposal within 10 Business Days after the notice is given.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5fe35882-3988-4d54-9699-ffbc786f7098","value":"winding","type":"add","operator":"="}]},{"id":"bce0e0e9-cebb-49bc-870e-3ae7fe9baf29","order":182,"text":"On a winding up under this Article, the assets of the Company remaining after payment of its debts and the costs of the liquidation are to be distributed among the Shareholders in proportion to the Shares held by them.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5fe35882-3988-4d54-9699-ffbc786f7098","value":"winding","type":"add","operator":"="}]},{"id":"e42f58c5-305c-4eab-999d-d18b2ecd7ee6","order":183,"text":"The Company must continue to carry on the Business in the ordinary course, and the directors must continue to comply with their duties, throughout any Deadlock and any procedure under this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"25d07f9e-b8be-421e-9e17-0159a3a78d71","order":184,"text":"While a Deadlock subsists, the Company must not, and the Shareholders must procure that the Company does not, implement the resolution that gave rise to the Deadlock, or any Reserved Matter, or take any step that would prejudice the position of a Shareholder under this Article, except where the step is necessary to preserve the solvency of the Company, to comply with a law, or to protect the Company against imminent and material loss.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cf007e50-afdd-4918-a42f-60d27f97e97e","order":185,"text":"A Shareholder must not transfer any Share, and no Transfer Notice may be given, while a Deadlock subsists, other than under this Article or under the Article entitled "Compulsory Transfer Events".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"yes","type":"add","operator":"="}]},{"id":"6c0d0fbc-2298-43eb-921d-994e6fa1ccd0","order":186,"text":"A Shareholder must not transfer any Share, and no Transfer Notice may be given, while a Deadlock subsists, other than under this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"627c897c-4033-4200-94f9-3de265232e4d","value":"no","type":"add","operator":"="}]},{"id":"8f5fde6c-4aec-489a-8fc6-e90b59133bc9","order":187,"text":"20. RESTRAINT OF TRADE","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"yes","type":"add","operator":"="}],"sectionNum":"S20"},{"id":"ef57985c-e284-47d8-9b2a-007cc44b396b","order":188,"text":"Each Shareholder acknowledges that it has access to the Confidential Information and the goodwill of the Business, that the restraints in this Article are reasonable and necessary to protect the legitimate interests of the Company and of the other Shareholders, and that it has had the opportunity to obtain independent legal advice on them.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"yes","type":"add","operator":"="}]},{"id":"c6e3cd6b-8bb8-42b8-9fd1-6a82b50c7f4b","order":189,"text":"A Shareholder must not, while it is a Shareholder and for the Restraint Period after it ceases to be a Shareholder, within the Restraint Area, directly or indirectly, whether alone or with any other person and whether as principal, agent, shareholder, director, employee, consultant or otherwise, carry on or be engaged in any business that competes with the Business; solicit or endeavour to entice away any person who was a customer or supplier of the Company at any time in the 12 months before it ceased to be a Shareholder and with whom it dealt; or solicit or endeavour to entice away any person who was an employee or contractor of the Company at any time in that period, other than through a general advertisement not directed at that person.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"yes","type":"add","operator":"="}]},{"id":"0760a8c7-2ed6-47b4-8945-6ca4c3a2044d","order":190,"text":"Restraint Period means each of the following periods, taken separately: [Longest period] months; 18 months; 12 months; and 6 months.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"yes","type":"add","operator":"="}]},{"id":"21db69ff-f7b5-403c-a75a-223e69ba4f97","order":191,"text":"Restraint Area means each of the following areas, taken separately: [Widest area]; New South Wales; and the metropolitan area in which the registered office of the Company is located.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"yes","type":"add","operator":"="}]},{"id":"07f51918-4636-44e5-9266-9ebbe4d4db62","order":192,"text":"This Article has effect as if it consisted of separate provisions, each resulting from combining each Restraint Period with each Restraint Area, and each such separate provision is severable from the others. If any such provision is unenforceable, illegal or void, it is severed and the remaining provisions have full force and effect. The parties intend that the widest combination of Restraint Period and Restraint Area that is reasonable and enforceable applies, and nothing in this Article limits the operation of the Restraints of Trade Act 1976 (NSW) to the extent that Act applies.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"yes","type":"add","operator":"="}]},{"id":"812f9d85-e2ab-466b-aaec-496ec05dafa8","order":193,"text":"The Shareholders acknowledge that damages may be an inadequate remedy for a breach of this Article and that the Company or any Shareholder is entitled to seek injunctive relief in addition to any other remedy.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"yes","type":"add","operator":"="}]},{"id":"efd7b9b6-b8e3-4f05-8e4f-dca9cb3ee50f","order":194,"text":"21. CONFIDENTIALITY, INTELLECTUAL PROPERTY AND PRIVACY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S21"},{"id":"b75ea88f-6901-4804-9ca4-12b057508867","order":195,"text":"Each party must keep the Confidential Information confidential, must use it only for the purposes of this Agreement and of the Business, and must not disclose it to any person except: to its officers, employees and professional advisers who need to know it and who are bound by an equivalent obligation of confidence; to a financier or proposed buyer of Shares that has executed a confidentiality undertaking in favour of the Company; or as required by law, by a court, or by the rules of a securities exchange, in which case the party must, so far as lawful and practicable, first notify the other parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"364df176-2424-4644-b982-667bc853bb4a","order":196,"text":"This obligation continues for three years after a party ceases to be a party to this Agreement, and, in respect of information that is a trade secret or source code of the Company, without limit of time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7cc018dd-bedf-4593-9678-1c1ba5a808c2","order":197,"text":"All intellectual property created by a Shareholder, or by a director, employee or contractor of the Company, in the course of or in connection with the Business vests in the Company on creation, and each Shareholder must do all things and execute all documents necessary to give effect to this Article and to procure that any person engaged by it does likewise. Each Shareholder assigns to the Company all such intellectual property in which it holds an interest, and consents, to the extent permitted by the Copyright Act 1968 (Cth), to any act or omission by the Company that would otherwise infringe its moral rights.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5b2cb975-8f51-42a1-99cc-4e3ce1e70732","order":198,"text":"Each party must comply with the Privacy Act 1988 (Cth) and the Australian Privacy Principles in respect of any personal information it collects, uses or discloses in connection with the Business, whether or not that party is an APP entity, and must notify the other parties promptly of any eligible data breach affecting the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"080df9d6-ac65-4fe1-b6b9-51e2f1864417","order":199,"text":"22. WARRANTIES AND UNDERTAKINGS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S22"},{"id":"de55a564-5a61-4938-b690-10d6a2274aa8","order":200,"text":"Each party warrants to each other party that it has the power and capacity to enter into and perform this Agreement, that this Agreement constitutes a valid and binding obligation on it, that its entry into this Agreement does not breach any obligation binding on it, and that it is not insolvent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"176a076d-bd0b-4d65-b0b7-0fbc03bf254d","order":201,"text":"Each Shareholder warrants that it is the sole legal and beneficial owner of the Shares set out against its name in Schedule 1, free of any encumbrance, and that it holds no other interest in the capital of the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"085fed94-cade-4903-afbe-aa2856dcf70c","order":202,"text":"Each Shareholder must act in good faith towards the other Shareholders and the Company in all matters relating to this Agreement and the Business, and must not do anything that would prejudice the Company's ability to carry on the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2bb3bbca-de73-4951-b771-a32d5c9d184d","order":203,"text":"Where a Shareholder holds Shares as trustee of a trust, that Shareholder warrants that it is the sole trustee of that trust, that it has power under the trust deed to enter into this Agreement, that it has a right of indemnity out of the assets of the trust which has not been limited, and that no action has been taken to remove it as trustee or to vest the trust property in another person.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"74b35413-65e1-4de6-8345-c532a13b8408","order":204,"text":"23. CAPACITY, GUARANTEES AND TRUSTEE LIMITATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S23"},{"id":"066244e3-24a9-422b-92ef-c68e2e3924aa","order":205,"text":"Where a Shareholder is a body corporate, each person who controls that Shareholder within the meaning of section 50AA of the Corporations Act must, if the other Shareholders so require in writing, guarantee the performance by that Shareholder of its obligations under this Agreement, by executing a deed of guarantee in a form reasonably required by the other Shareholders, and that Shareholder must procure the execution of that deed within 20 Business Days after the request.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"25526cfd-0ef7-494a-937a-84f4d081edba","order":206,"text":"A guarantee given under this Article is a continuing guarantee and indemnity, is not discharged by any variation of this Agreement, by any indulgence granted to the Shareholder, or by the release of any other guarantor, and remains in force until the Shareholder ceases to hold Shares and all of its accrued obligations have been performed.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"18cee692-c9c0-4530-841d-36e5cf28ea3c","order":207,"text":"Where a Shareholder enters into this Agreement as trustee of a trust, that Shareholder is liable under this Agreement in its personal capacity and in its capacity as trustee, but its liability in its capacity as trustee is limited to the extent to which it is actually indemnified out of the assets of the trust, except where its right of indemnity is reduced or lost as a result of its own fraud, negligence or breach of trust, in which case its liability is not limited.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a9800e14-9585-4293-bb47-98cb379c6304","order":208,"text":"A Shareholder that holds Shares as trustee must not, without the prior written consent of the other Shareholders, retire as trustee, appoint a new or additional trustee, vary the terms of the trust in a manner that affects its capacity to perform this Agreement, or resettle, vest or distribute the trust property in a manner that would result in a transfer of the Shares otherwise than in accordance with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"d348f75f-986c-4e0f-8933-44386be0e880","order":209,"text":"24. STATUTORY RIGHTS AND RELATIONSHIP OF THE PARTIES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S24"},{"id":"efc9a978-6028-487b-a3e2-ddc39412770f","order":210,"text":"Nothing in this Agreement excludes, restricts or modifies any right or remedy conferred on a Shareholder or on the Company by the Corporations Act or by any other law, to the extent that right or remedy cannot lawfully be excluded, restricted or modified, including the right of a member to apply for an order under sections 232 to 234 of the Corporations Act in respect of conduct that is oppressive to, unfairly prejudicial to, or unfairly discriminatory against a member, and the right to apply for the winding up of the Company under section 461 of the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3df10c25-4739-4db5-9a94-8e5d7b2b86be","order":211,"text":"The Shareholders acknowledge that they have agreed the procedures in this Agreement for the resolution of disputes and for the exit of a Shareholder, and that a court may have regard to those procedures, and to a Shareholder's compliance or non-compliance with them, in determining any application made under those sections. A Shareholder must not commence such an application in respect of a matter that is the subject of a Deadlock unless it has first complied with the Article entitled "Deadlock", except where urgent relief is required.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"aae07b97-535b-4d70-a6a4-24c0ccd0558a","order":212,"text":"Nothing in this Agreement constitutes a Shareholder as a partner, agent, employee or fiduciary of another Shareholder or of the Company, and no Shareholder is liable for the acts or omissions of another Shareholder. A Shareholder is not, by reason only of exercising a right conferred by this Agreement, to be regarded as a director of the Company within the meaning of paragraph (b) of the definition of director in section 9 of the Corporations Act, and the Shareholders must conduct themselves so as not to give rise to that result.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6f08f2be-6c75-4456-aa48-4b3657bc2751","order":213,"text":"Each Shareholder acknowledges that it has entered into this Agreement on its own judgment and after having had the opportunity to obtain independent legal, financial and taxation advice, and not in reliance on any statement or representation made by another Shareholder or by the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"be97e533-46fc-4b62-84d9-0c70c04771ba","order":214,"text":"25. DURATION AND TERMINATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S25"},{"id":"d47fc1bf-f1fa-494d-babf-7aad4f3ac322","order":215,"text":"This Agreement commences on the date of this Agreement and continues until it is terminated by the written agreement of all Shareholders, until one person holds all of the Shares, or until the Company is wound up or dissolved, whichever occurs first.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6b12325b-14c2-4afe-af8e-dfa85189775e","order":216,"text":"A Shareholder that transfers all of its Shares in accordance with this Agreement ceases to be a party to this Agreement on registration of the transfer, but remains liable for any breach committed before then, and remains bound by the Articles entitled "Confidentiality, Intellectual Property and Privacy" and "Restraint of Trade".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"yes","type":"add","operator":"="}]},{"id":"8f3938d7-d268-42bf-a76f-59fd4dedb45c","order":217,"text":"A Shareholder that transfers all of its Shares in accordance with this Agreement ceases to be a party to this Agreement on registration of the transfer, but remains liable for any breach committed before then, and remains bound by the Article entitled "Confidentiality, Intellectual Property and Privacy".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e8a86f69-c099-4c2d-93ca-afb074e7c567","value":"no","type":"add","operator":"="}]},{"id":"01b5c15d-7b2f-4672-95e3-1a2de713d1c3","order":218,"text":"Termination does not affect any right or obligation that has accrued before termination, and the Articles that by their nature are intended to survive termination continue in full force.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"0acefb94-9205-4f60-aabd-548555ac59c3","order":219,"text":"26. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S26"},{"id":"e1cd20a2-a4d4-4c04-9060-e4009a156f34","order":220,"text":"A notice under this Agreement must be in writing, in English, signed by or on behalf of the sender, and given to the recipient at the address set out in this Agreement, or at any other address the recipient notifies to the other parties in writing, or by email to the address most recently notified by the recipient for that purpose.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"03ecc8ec-f213-4025-937d-318e35092b3b","order":221,"text":"A notice is taken to be received: if delivered by hand, on delivery; if sent by prepaid post within Australia, on the fifth Business Day after posting; if sent by prepaid post to or from a place outside Australia, on the tenth Business Day after posting; and if sent by email, at the time recorded on the sender's equipment as the time the email left it, unless the sender receives an automated message that the email was not delivered. A notice received after 5.00pm, or on a day that is not a Business Day, is taken to be received at 9.00am on the next Business Day.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"81b57e7e-a556-48a0-8a7a-58aba3e132d4","order":222,"text":"A notice given to the Company must be given at its registered office for the time being.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"1517bf1f-1433-4a0f-bc5b-f0302a08190a","order":223,"text":"27. GENERAL","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S27"},{"id":"c1090c85-9fb8-4773-b28c-1ec3ca8969b6","order":224,"text":"This Agreement, together with its schedules, constitutes the entire agreement between the parties about its subject matter, and supersedes all prior agreements, understandings, representations and negotiations about that subject matter. No party has relied on any representation not set out in this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6e0b1f22-47d2-4d00-8f02-7c400d68b7f2","order":225,"text":"If there is any inconsistency between this Agreement and the Constitution, this Agreement prevails as between the Shareholders to the extent permitted by law, and the Shareholders must exercise their voting rights so as to amend the Constitution to remove the inconsistency. Nothing in this Agreement operates to vary the Constitution, and nothing in this Agreement is intended to have effect contrary to the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"074e22bd-bb54-4e18-93df-c6d3ff76949b","order":226,"text":"This Agreement may only be varied by a document signed by or on behalf of each party. A right under this Agreement may only be waived in writing signed by the party granting the waiver, and a failure or delay in exercising a right does not operate as a waiver of that right or of any other right.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a5fc1d2d-1a5a-4f1f-b5d2-43917a71699c","order":227,"text":"If any provision of this Agreement is void, voidable, unenforceable or illegal, it is read down so as to be valid and enforceable or, if it cannot be so read down, it is severed, and the remaining provisions continue in full force.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"150a8c69-fb4a-4e66-a88e-88cf9cc5a0b3","order":228,"text":"A party must not assign or novate any right or obligation under this Agreement without the prior written consent of each other party, except that a transfer of Shares in accordance with this Agreement, accompanied by a deed of accession, does not require consent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ebf90f7b-471a-4e03-ae0e-94956ecee043","order":229,"text":"Each party must pay its own costs of negotiating, preparing and executing this Agreement, and the Company must pay any duty payable on it and on any transfer of Shares made under it, except a transfer duty payable by a buyer of Shares.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"36131558-3feb-4bd4-b349-0c3668f38809","order":230,"text":"Words used in this Agreement that are defined in the A New Tax System (Goods and Services Tax) Act 1999 (Cth) have the meaning given in that Act. Unless expressly stated otherwise, an amount payable under this Agreement is exclusive of GST, and where a party makes a taxable supply under this Agreement, the recipient must pay, in addition and at the same time, an amount equal to the GST payable, on receipt of a valid tax invoice.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"35bd7496-4d31-4c24-bd46-10f6862a6852","order":231,"text":"Nothing in this Agreement creates a partnership, joint venture, agency or employment relationship between the parties, and no party may hold itself out as having authority to bind another party.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9dd45cc8-6351-4e21-814b-47056d86d37f","order":232,"text":"Each party must do all things and execute all documents reasonably necessary to give full effect to this Agreement and to the transactions contemplated by it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a81a98b4-3715-4585-b2c9-f7fe449083a6","order":233,"text":"This Agreement may be executed in any number of counterparts, each of which is an original and all of which together constitute one instrument. A counterpart may be executed and exchanged by electronic means, and a signature made by an electronic method that identifies the signatory and indicates their intention is a valid signature for the purposes of this Agreement and of section 110A of the Corporations Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"8225ee8b-30ba-4db6-9466-5c286db2fb20","value":"yes","type":"add","operator":"="}]},{"id":"1b9c9ca8-81f9-4f50-8973-7e9f0c7ba998","order":234,"text":"This Agreement is to be executed as a single original instrument, and each party must sign the same document.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"8225ee8b-30ba-4db6-9466-5c286db2fb20","value":"no","type":"add","operator":"="}]},{"id":"9a24bbc6-a5d0-4d61-862c-1738d89fc133","order":235,"text":"This Agreement is governed by the laws of New South Wales, and each party irrevocably submits to the non-exclusive jurisdiction of the courts of that place and of the courts competent to hear appeals from them, and waives any objection to venue or to the claim that proceedings have been brought in an inconvenient forum.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c0c0a49f-a1b9-4850-aab7-a07ed965bdc4","order":236,"text":"A party must not commence proceedings in respect of a dispute arising out of this Agreement unless it has first complied with the Article entitled "Deadlock", where that Article applies to the dispute, except that a party may at any time seek urgent injunctive or declaratory relief.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"345a0707-c25f-4852-ad22-db12ff4310ff","order":237,"text":"EXECUTED as an agreement at [Place of signing] on [Date].","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true,"marginTop":"20"},{"id":"32bb814b-357d-4211-950d-09e7e44c9809","order":238,"text":"EXECUTED by [Company name] (ACN [ACN]) in accordance with section 127 of the Corporations Act 2001 (Cth) by:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"a4509638-1fff-4a25-8453-2084b2acf4c6","value":"two","type":"add","operator":"="}]},{"id":"67fe1d61-3b83-45a2-add1-49b5f04c314a","order":239,"text":"......................................................
Signature of director

......................................................
Name of director (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"a4509638-1fff-4a25-8453-2084b2acf4c6","value":"two","type":"add","operator":"="}]},{"id":"ec8acb4c-91e4-4562-bc8e-c3bdb3d98b61","order":240,"text":"......................................................
Signature of director / company secretary

......................................................
Name of director / company secretary (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true,"displayConditions":[{"field":"a4509638-1fff-4a25-8453-2084b2acf4c6","value":"two","type":"add","operator":"="}]},{"id":"ac02d138-4ce8-4c14-be86-ac7b3f776b9a","order":241,"text":"EXECUTED by [Company name] (ACN [ACN]) in accordance with section 127 of the Corporations Act 2001 (Cth) by its sole director, who is also the sole company secretary of the company:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"a4509638-1fff-4a25-8453-2084b2acf4c6","value":"sole","type":"add","operator":"="}]},{"id":"da7c1a7e-4bbe-4acc-85db-839928b0ccd4","order":242,"text":"......................................................
Signature of sole director and sole company secretary

......................................................
Name (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true,"displayConditions":[{"field":"a4509638-1fff-4a25-8453-2084b2acf4c6","value":"sole","type":"add","operator":"="}]},{"id":"2ea865ee-5b11-4139-b0c0-8ea68edc1ff8","order":243,"text":"SIGNED by [Full name] in the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"e31fd8b9-1c9e-44f6-9e50-e3483e839d67","value":"a body corporate","type":"remove","operator":"="}]},{"id":"d8d124cb-f3b5-4b92-8fa9-8d0f3d4e317b","order":244,"text":"......................................................
Signature of Shareholder 1

......................................................
Signature of witness

......................................................
Name of witness (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true,"displayConditions":[{"field":"e31fd8b9-1c9e-44f6-9e50-e3483e839d67","value":"a body corporate","type":"remove","operator":"="}]},{"id":"78d90a60-e3b5-43a4-a47b-2bef7819fc72","order":245,"text":"EXECUTED by [Company name] (ACN [ACN]) in accordance with section 127 of the Corporations Act 2001 (Cth) by:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"e31fd8b9-1c9e-44f6-9e50-e3483e839d67","value":"an individual","type":"remove","operator":"="}]},{"id":"23ef9130-bd07-43aa-827c-0a1eea37d0ae","order":246,"text":"......................................................
Signature of director

......................................................
Signature of director / company secretary

......................................................
Names (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true,"displayConditions":[{"field":"e31fd8b9-1c9e-44f6-9e50-e3483e839d67","value":"an individual","type":"remove","operator":"="}]},{"id":"5d780404-7908-4bf9-b262-8083639ae28e","order":247,"text":"SIGNED by [Full name] in the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"718c681e-d253-47b3-9f3f-80456b3b0ca1","value":"a body corporate","type":"remove","operator":"="}]},{"id":"1865635a-6806-4f28-9cd2-5834cab727a7","order":248,"text":"......................................................
Signature of Shareholder 2

......................................................
Signature of witness

......................................................
Name of witness (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true,"displayConditions":[{"field":"718c681e-d253-47b3-9f3f-80456b3b0ca1","value":"a body corporate","type":"remove","operator":"="}]},{"id":"d2798e57-0bbe-441c-bdbf-cc5011a1361a","order":249,"text":"EXECUTED by [Company name] (ACN [ACN]) in accordance with section 127 of the Corporations Act 2001 (Cth) by:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"718c681e-d253-47b3-9f3f-80456b3b0ca1","value":"an individual","type":"remove","operator":"="}]},{"id":"d03abd9c-d281-4e7a-848a-c369d34cf598","order":250,"text":"......................................................
Signature of director

......................................................
Signature of director / company secretary

......................................................
Names (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true,"displayConditions":[{"field":"718c681e-d253-47b3-9f3f-80456b3b0ca1","value":"an individual","type":"remove","operator":"="}]},{"id":"11154c8d-3fc1-4003-a0e0-6f51ae40b0e3","order":251,"text":"SIGNED by [Full name] in the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"498ff5a9-d7f7-47f8-9979-a60e776f7df3","value":"a body corporate","type":"remove","operator":"="}]},{"id":"9e34a9f5-3513-43cc-8b84-c43672ea3f0c","order":252,"text":"......................................................
Signature of Shareholder 3

......................................................
Signature of witness

......................................................
Name of witness (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"498ff5a9-d7f7-47f8-9979-a60e776f7df3","value":"a body corporate","type":"remove","operator":"="}]},{"id":"910973e6-e72c-4fd8-bc6d-ec97a6458590","order":253,"text":"EXECUTED by [Company name] (ACN [ACN]) in accordance with section 127 of the Corporations Act 2001 (Cth) by:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"498ff5a9-d7f7-47f8-9979-a60e776f7df3","value":"an individual","type":"remove","operator":"="}]},{"id":"deaf5f17-d0f4-42ec-8873-293ae873f0b9","order":254,"text":"......................................................
Signature of director

......................................................
Signature of director / company secretary

......................................................
Names (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"498ff5a9-d7f7-47f8-9979-a60e776f7df3","value":"an individual","type":"remove","operator":"="}]},{"id":"b8bf2369-50f2-4630-8495-1f21e69c970c","order":255,"text":"SCHEDULE 1 — SHAREHOLDINGS AS AT THE DATE OF THIS AGREEMENT","fontSize":"16","textAlign":"center","bold":true,"underline":true,"marginBottom":"20","cflou":false,"active":true,"marginTop":"30"},{"id":"10a808f7-c65b-40ef-9790-444eb3653d06","order":256,"text":"Shareholder 1: [Full name] — [Number of shares] ordinary shares — [Percentage]% of the issued capital.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e31fd8b9-1c9e-44f6-9e50-e3483e839d67","value":"a body corporate","type":"remove","operator":"="}]},{"id":"f21dcb19-596a-46b2-80e8-b223e34b195b","order":257,"text":"Shareholder 1: [Company name] — [Number of shares] ordinary shares — [Percentage]% of the issued capital.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e31fd8b9-1c9e-44f6-9e50-e3483e839d67","value":"an individual","type":"remove","operator":"="}]},{"id":"c139c1cb-0f2e-476d-a610-da24aac6cc66","order":258,"text":"Shareholder 2: [Full name] — [Number of shares] ordinary shares — [Percentage]% of the issued capital.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"718c681e-d253-47b3-9f3f-80456b3b0ca1","value":"a body corporate","type":"remove","operator":"="}]},{"id":"07bbd700-5c65-4683-9d83-001b405ebfaa","order":259,"text":"Shareholder 2: [Company name] — [Number of shares] ordinary shares — [Percentage]% of the issued capital.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"718c681e-d253-47b3-9f3f-80456b3b0ca1","value":"an individual","type":"remove","operator":"="}]},{"id":"af27c056-7846-440f-b05a-fc632e5bb239","order":260,"text":"Shareholder 3: [Full name] — [Number of shares] ordinary shares — [Percentage]% of the issued capital.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"498ff5a9-d7f7-47f8-9979-a60e776f7df3","value":"a body corporate","type":"remove","operator":"="}]},{"id":"baf198cb-5d83-49f4-ab59-3059269a95b6","order":261,"text":"Shareholder 3: [Company name] — [Number of shares] ordinary shares — [Percentage]% of the issued capital.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="},{"field":"498ff5a9-d7f7-47f8-9979-a60e776f7df3","value":"an individual","type":"remove","operator":"="}]},{"id":"f863c8a6-b0ba-407d-a846-71268090a948","order":262,"text":"Each Shareholder holds its Shares in its own right and in the capacity stated below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10"},{"id":"dd39794e-302d-40e7-9660-74cdc847143a","order":263,"text":"Shareholder 1 holds its Shares as an individual.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"bf085b20-26b3-44ac-b5fb-848d8abe6025","order":264,"text":"Shareholder 2 holds its Shares as an individual.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"d39be339-3f50-4f19-89f6-58eba27a126c","order":265,"text":"Shareholder 3 holds its Shares as an individual.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="}]},{"id":"e1ebd050-062e-46c2-9330-fc2db9ebceee","order":266,"text":"The Shares are of one class, fully paid, and carry the rights set out in the Constitution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10"},{"id":"10161734-19f5-4050-89ea-1d134cbc086b","order":267,"text":"SCHEDULE 2 — BOARD REPRESENTATION","fontSize":"16","textAlign":"center","bold":true,"underline":true,"marginBottom":"20","cflou":false,"active":true,"marginTop":"30"},{"id":"8ebb471f-8dd5-4551-93e3-33eca98fc721","order":268,"text":"Shareholder 1: entitled to appoint one director.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"8c620526-2588-45a7-8612-914be9b03da9","order":269,"text":"Shareholder 2: entitled to appoint one director.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"620c74dc-e04e-408e-a459-8528f3dbf970","order":270,"text":"Shareholder 3: entitled to appoint one director.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"256c7497-c148-466c-9b63-e77d8ea6bfc8","value":"2","type":"remove","operator":"="}]},{"id":"c66f62b2-dc97-49e7-8d63-8c15328a9830","order":271,"text":"The right of a Shareholder to appoint a director is exercised in accordance with the Article entitled "The Board" and lapses when that Shareholder ceases to hold Shares.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"marginTop":"10"},{"id":"43a1731e-06c1-4993-bd4c-5aa6be895e87","order":272,"text":"SCHEDULE 3 — DEED OF ACCESSION","fontSize":"16","textAlign":"center","bold":true,"underline":true,"marginBottom":"20","cflou":false,"active":true,"marginTop":"30"},{"id":"6275f480-e07a-4c0c-a83a-a82c37b15ab2","order":273,"text":"THIS DEED is made on the date set out below by the person named below (the New Shareholder) in favour of each person who is a party to the Shareholders' Agreement described below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"74e5c2ea-db69-471d-993f-6c23fe81930f","order":274,"text":"The Shareholders' Agreement means the agreement made on [Date] between [Company name] and its shareholders, as amended from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"62e67100-c1b3-45a8-ab19-d99b2d064f37","order":275,"text":"The New Shareholder covenants with each party to the Shareholders' Agreement to observe and perform the Shareholders' Agreement, and to be bound by it, as if the New Shareholder had been named in it as a Shareholder and had executed it on its date, in respect of the Shares transferred to or issued to the New Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"02d52b98-cd0d-40b9-9981-41b891495f28","order":276,"text":"The New Shareholder warrants that it has the power and capacity to enter into and perform this deed, and that this deed constitutes a valid and binding obligation on it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d6acf4a7-1dc1-45b6-a719-9c3f95cd12fd","order":277,"text":"This deed is governed by the laws of New South Wales.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"d9ff659f-dd4c-457a-8c0c-8efad9ff2b07","order":278,"text":"EXECUTED as a deed.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"be234523-cd99-4925-9b70-2aa2fc6ace09","order":279,"text":"......................................................
Name of New Shareholder (print)

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Signature of New Shareholder

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Date

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Signature of witness

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Name of witness (print)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true}]