[{"id":"c42a82e8-995e-4046-98fd-7b67b2329cf8","order":1,"text":"SHAREHOLDERS' AGREEMENT","fontSize":"22","textAlign":"center","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"marginTop":"0"},{"id":"15f9e345-9143-4305-ab7f-429e0aa4aa51","order":2,"text":"relating to the shares of [Company name] (Private Limited)","fontSize":"14","textAlign":"center","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"ba226711-4f4f-4680-8221-271c308a945e","order":3,"text":"THIS AGREEMENT is made on [Date of this Agreement].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"5de4f98f-aea0-4bab-81c6-1344491b6f60","order":4,"text":"BETWEEN:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"115e7e58-be4f-4716-89e4-ef4da97bd071","order":5,"text":"(1) [Shareholder 1 full name], [nationality], holder of NRIC / passport No. [ID number], of [residential address] (the "First Shareholder");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5e44a557-988f-4a91-8e5e-0cdc10dc17a5","value":"corporate","type":"remove","operator":"="}]},{"id":"82cb1b17-f382-4514-bb28-d0c248c2efa6","order":6,"text":"(1) [Shareholder 1 company name], a company incorporated in [place of incorporation] (UEN / registration No. [UEN]), having its registered office at [registered office] (the "First Shareholder");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5e44a557-988f-4a91-8e5e-0cdc10dc17a5","value":"individual","type":"remove","operator":"="}]},{"id":"5e1a9751-5661-4775-ad1c-477c7b542ee5","order":7,"text":"(2) [Shareholder 2 full name], [nationality], holder of NRIC / passport No. [ID number], of [residential address] (the "Second Shareholder");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"cf3bd0d1-9449-4021-87a0-0242e9ac919f","value":"corporate","type":"remove","operator":"="}]},{"id":"75c1502f-30d9-4e7c-8494-c26872b56f1e","order":8,"text":"(2) [Shareholder 2 company name], a company incorporated in [place of incorporation] (UEN / registration No. [UEN]), having its registered office at [registered office] (the "Second Shareholder");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"cf3bd0d1-9449-4021-87a0-0242e9ac919f","value":"individual","type":"remove","operator":"="}]},{"id":"d75f2a53-9fdf-45e9-855d-2eaf342bf1dd","order":9,"text":"(3) [Shareholder 3 full name], [nationality], holder of NRIC / passport No. [ID number], of [residential address] (the "Third Shareholder");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"2","type":"remove","operator":"="},{"field":"9efdd78e-9a83-4fed-b74f-b24c63c5eaaa","value":"corporate","type":"remove","operator":"="}]},{"id":"548658fa-0d30-41d8-9fdf-821b0e30e194","order":10,"text":"(3) [Shareholder 3 company name], a company incorporated in [place of incorporation] (UEN / registration No. [UEN]), having its registered office at [registered office] (the "Third Shareholder");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"2","type":"remove","operator":"="},{"field":"9efdd78e-9a83-4fed-b74f-b24c63c5eaaa","value":"individual","type":"remove","operator":"="}]},{"id":"1bc37dd3-0bbb-45c0-8313-ea4f8f4cf578","order":11,"text":"(C) [Company name], a private company limited by shares incorporated in the Republic of Singapore (UEN No. [Company UEN]), having its registered office at [Company registered office] (the "Company").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"55819e9b-ccf5-46df-a2ca-81739f8e4944","order":12,"text":"The First Shareholder and the Second Shareholder are together referred to as the "Shareholders" and each as a "Shareholder". The Shareholders and the Company are together referred to as the "Parties" and each as a "Party".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"2","type":"add","operator":"="}]},{"id":"ad99a400-54fb-470e-8a28-56f886c0981a","order":13,"text":"The First Shareholder, the Second Shareholder and the Third Shareholder are together referred to as the "Shareholders" and each as a "Shareholder". The Shareholders and the Company are together referred to as the "Parties" and each as a "Party".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"3","type":"add","operator":"="}]},{"id":"42a410a5-f124-4429-9c4d-6b58c55bc45a","order":14,"text":"RECITALS","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"6"},{"id":"33847081-e9c5-4eea-9881-62b07c75a23b","order":15,"text":"(A) The Company is a private company limited by shares incorporated under the Companies Act 1967 of Singapore and carries on, or intends to carry on, the business described in this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"4f2c90f4-9157-45da-8157-e531cc6471ab","order":16,"text":"(B) The Shareholders are, as at the date of this Agreement, the legal and beneficial owners of all of the issued shares in the capital of the Company in the proportions set out in this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"638384ef-9ee8-42b8-b479-c41b5715b398","order":17,"text":"(C) The Parties have agreed to enter into this Agreement to regulate their relationship as shareholders of the Company, the management and conduct of the Company's affairs, and their respective rights and obligations in relation to the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"34859c2e-bda9-4c7f-a6d8-9380b6eeba6a","order":18,"text":"IT IS AGREED as follows:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"123db5fa-0a17-4ece-8975-d176ececb076","order":19,"text":"1. INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S01"},{"id":"aeb13f00-cb67-4310-a7b4-6c4d44d619a2","order":20,"text":"In this Agreement, unless the context otherwise requires, the following expressions have the following meanings:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"df1c183c-06e6-4829-9d61-93d1ba870207","order":21,"text":""Companies Act" means the Companies Act 1967 of Singapore, as amended, supplemented or re-enacted from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"093729af-eab6-40bf-a1da-9d63b4cadd77","order":22,"text":""Board" means the board of directors of the Company from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"fe1be575-a251-4bb7-815f-9dbd7b2f93d6","order":23,"text":""Business" means the business of the Company as described in the Article entitled "Business of the Company", together with any other business that the Shareholders may agree in writing to carry on;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"c6a79b35-5992-41c8-8022-808d7ccf4751","order":24,"text":""Business Day" means a day (other than a Saturday, Sunday or public holiday) on which banks are generally open for business in Singapore;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"756e7865-25c2-4d0c-acd2-2733f462648a","order":25,"text":""Constitution" means the constitution of the Company in force from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"1675a72f-a7cd-482f-824d-f12560067977","order":26,"text":""Director" means a director of the Company from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"9c611bef-5f4b-454f-9495-3d148d45efef","order":27,"text":""Encumbrance" means any mortgage, charge, pledge, lien, option, right of pre-emption, security interest, trust, assignment or other third-party right or interest of any kind, or any agreement to create any of the foregoing;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"0ff726c2-0f1e-43bc-ba41-aedab9bca779","order":28,"text":""Fair Market Value" means, in relation to any Shares, the value determined in accordance with the Article entitled "Transfer Restrictions and Pre-emption Rights";","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"ee97e4d1-1714-4cca-a0ee-c4486f4fae03","order":29,"text":""Financial Year" means the financial year of the Company ending on [financial year end, e.g. 31 December] in each year, or such other date as the Board may determine;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"0f74983a-9e58-4552-a838-90586a3f61a7","order":30,"text":""Reserved Matters" means the matters listed in the Article entitled "Reserved Matters";","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"bd075436-0a80-4461-a1a3-9c741af3fcc6","order":31,"text":""Shares" means the issued ordinary shares in the capital of the Company and any further shares issued by the Company from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"4e258b88-0ece-4bd0-86b9-81f5ccf66e19","order":32,"text":""Special Resolution" means a resolution of the Shareholders passed by a majority of not less than 75% of the votes cast by Shareholders entitled to vote;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"8bb7a39b-2e7e-4230-bdd0-6f8aea410366","order":33,"text":""Transfer" means, in relation to any Share, to sell, assign, transfer, pledge, charge or otherwise dispose of or encumber it, or any legal or beneficial interest in it; and "Transferor" and "Transferee" are construed accordingly;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"82d71c0f-0807-4b3f-852b-2ec171f38fe8","order":34,"text":"Headings are for convenience only and do not affect interpretation. Words importing the singular include the plural and vice versa, and words importing one gender include every gender. A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time. A reference to an Article is to an Article of this Agreement, identified by its heading rather than by number, and a reference to a person includes a body corporate, an unincorporated association and a partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"802e5be7-f617-4e07-8b14-c8e6a1da753a","order":35,"text":"2. EFFECT OF THIS AGREEMENT AND THE CONSTITUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S02"},{"id":"f177682a-3c85-406f-be29-1eacf8dc3105","order":36,"text":"This Agreement binds the Parties in their capacity as shareholders of the Company and, where applicable, in any other capacity in which they are expressed to be bound. The Company is a Party for the purpose of acknowledging and giving effect to the rights and obligations set out in this Agreement, to the extent permitted by the Companies Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2123b06f-b2b9-4b2a-9ff5-3f02643d4bde","order":37,"text":"The Shareholders shall exercise all voting rights and powers available to them so as to give full effect to this Agreement, including, where necessary, procuring any amendment to the Constitution. If there is any conflict or inconsistency between this Agreement and the Constitution, this Agreement prevails as between the Shareholders to the extent permitted by law, and the Shareholders shall, so far as lawful, procure that the Constitution is amended to remove the conflict.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"b39b5de6-35b0-40e8-b563-c06cdcdc6fd3","order":38,"text":"3. SHARE CAPITAL AND SHAREHOLDINGS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S03"},{"id":"7753b230-67eb-4051-bf98-1509757a67ca","order":39,"text":"As at the date of this Agreement, the issued share capital of the Company is held as follows:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7875595f-9b32-4792-90f7-3f9ba0343185","order":40,"text":"(a) the First Shareholder holds [number] ordinary shares, representing [%]% of the issued share capital;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"efff3819-2590-4224-9cc5-008826e26408","order":41,"text":"(b) the Second Shareholder holds [number] ordinary shares, representing [%]% of the issued share capital;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"7539cc81-7c18-4a08-8d16-173e2334c7c3","order":42,"text":"(c) the Third Shareholder holds [number] ordinary shares, representing [%]% of the issued share capital;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"2","type":"remove","operator":"="}]},{"id":"dc09ad96-e292-4c62-b569-2979e7b17c92","order":43,"text":"Each Share ranks pari passu with every other Share and confers on its holder the right to one vote per Share, the right to participate in dividends and distributions, and the right to participate in the assets of the Company on a winding up, in each case in accordance with the Constitution and this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"01b1fa1a-e466-4baf-96c1-a4e87717cf50","order":44,"text":"No further Shares shall be allotted or issued, and no rights to subscribe for or convert into Shares shall be granted, except in accordance with this Agreement (in particular the Articles entitled "Reserved Matters" and "Transfer Restrictions and Pre-emption Rights") and the Companies Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"c5cd852a-f498-4299-97f3-c4ac341558ce","order":45,"text":"4. WARRANTIES OF THE SHAREHOLDERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S04"},{"id":"df63ef2c-f5c7-4a7b-b75a-9be7f1289f6e","order":46,"text":"Each Shareholder warrants and represents to each other Shareholder and to the Company, as at the date of this Agreement and at the date of any subsequent accession to this Agreement, that:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b19ca9a5-02dc-46f6-bfa8-b90a0d4b64ea","order":47,"text":"(a) it has full power, capacity and authority to enter into and perform this Agreement, and (where it is a body corporate) it is duly incorporated and validly existing and has obtained all necessary corporate authorisations to do so;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"0be7d7cb-b9fa-4956-9d90-fb9f87dc07ae","order":48,"text":"(b) this Agreement constitutes its legal, valid and binding obligations, enforceable against it in accordance with its terms;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"9bdbd525-34f6-4bba-b0ae-291f016a3203","order":49,"text":"(c) it is the sole legal and beneficial owner of the Shares set against its name in the Article entitled "Share Capital and Shareholdings", free from all Encumbrances, and it has the right to exercise all voting and other rights attaching to those Shares;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"04e9099b-6d33-4334-95b5-b1c93dc7593c","order":50,"text":"(d) the entry into and performance of this Agreement does not and will not conflict with, or constitute a default under, any agreement, obligation or order by which it is bound, nor breach any applicable law; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"fe5adccc-ab0f-4845-9b60-8402b40b56c2","order":51,"text":"(e) no order has been made, petition presented or resolution passed for its winding up or bankruptcy, and no receiver, judicial manager or analogous officer has been appointed over it or any of its assets.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5ce84efe-20c2-4ae4-a158-5061e1e79445","order":52,"text":"Each Shareholder acknowledges that the other Shareholders enter into this Agreement in reliance on these warranties. Each warranty is a separate and independent warranty.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"21376769-b236-4a12-9444-5f9145b3dbbe","order":53,"text":"5. BUSINESS OF THE COMPANY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S05"},{"id":"ef128e64-a98c-4482-aa75-dc8e5cb6fd20","order":54,"text":"The business of the Company is [describe the business of the Company] (the "Business").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9830a8f1-c8ca-4262-9e15-7d71c0a45d46","order":55,"text":"The Shareholders shall procure that the Company carries on and develops the Business in accordance with sound and prudent commercial principles and applicable law, and that the Company does not, without the prior approval of the Shareholders given in accordance with the Article entitled "Reserved Matters", carry on any business other than the Business or materially change the nature or scope of the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"963d6b02-bb94-4932-94e1-223fa91513f4","order":56,"text":"Each Shareholder shall act in good faith towards the other Shareholders and the Company in all matters relating to this Agreement and the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"c88b372e-4187-43a6-a6a0-501a16ad94b2","order":57,"text":"6. BOARD OF DIRECTORS AND MANAGEMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S06"},{"id":"0ddbc793-658d-4942-85f2-7c8f7eb67c68","order":58,"text":"The Board shall be responsible for the management and supervision of the Business and the affairs of the Company, save for the Reserved Matters which require the approval of the Shareholders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"50bf388b-6e5d-49a1-9bff-6d7e4054c2a3","order":59,"text":"The Board shall comprise such number of Directors as the Shareholders may agree from time to time. Each Shareholder who holds not less than [threshold, e.g. 25]% of the Shares shall be entitled to appoint one Director (and to remove and replace any Director so appointed) by written notice to the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"733a653a-3d37-42e1-bc6f-cc5d162a0fa3","order":60,"text":"The quorum for a meeting of the Board shall be a majority of the Directors then in office, present in person or by electronic means, provided that no business shall be transacted unless at least one Director appointed by each Shareholder entitled to appoint a Director is present, unless that Shareholder has waived the requirement in writing or the meeting is an adjourned meeting at which the requirement has already failed to be met.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6b4f52a2-9bb2-4bdb-bb73-5e7cd81927a1","order":61,"text":"Subject to the Reserved Matters, questions arising at a meeting of the Board shall be decided by a simple majority of the votes of the Directors present and voting. In the case of an equality of votes, the chairperson of the Board shall not have a second or casting vote.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b0950383-71ed-4a7e-92e9-52187ad189bf","order":62,"text":"The Board shall procure that meetings of the Board are held at least [frequency, e.g. once every quarter], and at such other times as any Director may reasonably require on not less than seven days' written notice (or such shorter notice as all Directors may agree).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e7fd6a1c-7d49-40ca-ab5d-5ed3cdc76ea8","order":63,"text":"The Directors may appoint one of their number to be the chairperson of the Board. The chairperson shall not have a second or casting vote, whether at a meeting of the Board or at a general meeting. The office of chairperson shall, unless the Shareholders otherwise agree, rotate among the Directors appointed by the respective Shareholders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f1f0d527-5f0f-4185-b09d-f21843477ee9","order":64,"text":"A Director may appoint any person approved by the Shareholder who appointed that Director to act as an alternate Director, and may remove that alternate. An alternate Director is entitled to receive notice of, attend and vote at meetings of the Board in the absence of the Director who appointed the alternate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8f9c5506-a854-46fe-bc93-ddd8452c3184","order":65,"text":"A Director shall be entitled to be reimbursed for reasonable expenses properly incurred in attending meetings and in the discharge of the Director's duties. A Director who has an interest in a matter to be considered by the Board shall declare that interest in accordance with the Companies Act, and shall not be counted in the quorum or vote on that matter unless the other Directors resolve otherwise.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"7981cf1a-aa00-4afe-ba63-1fb5f9c25206","order":66,"text":"7. SHAREHOLDERS' MEETINGS AND VOTING","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S07"},{"id":"9cf14dcd-4585-4a23-9843-65b952d0da5c","order":67,"text":"General meetings of the Company shall be convened, held and conducted in accordance with the Constitution and the Companies Act. The Shareholders shall procure that the Company holds its annual general meeting (where required) within the period prescribed by the Companies Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5b7793f0-22ea-4feb-aa61-698096632be8","order":68,"text":"The quorum for a general meeting shall be Shareholders together holding not less than a majority of the Shares, present in person or by proxy or (in the case of a corporate Shareholder) by a duly authorised representative. If a quorum is not present within 30 minutes of the time appointed, the meeting shall be adjourned to the same day in the following week at the same time and place, and at the adjourned meeting the Shareholders present shall constitute a quorum.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bc43354a-7d39-47c8-b636-9d741a0e22a8","order":69,"text":"Except for the Reserved Matters and any matter for which the Companies Act or the Constitution requires a greater majority, all resolutions of the Shareholders shall be passed by a simple majority of the votes cast. The Reserved Matters require the approval set out in the Article entitled "Reserved Matters".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"55ac87d7-1fe6-46bc-b625-aed5a1d7ce36","order":70,"text":"8. RESERVED MATTERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S08"},{"id":"e10b954f-5f3d-46b8-b850-9c48b4a7cbb0","order":71,"text":"The Company shall not, and the Shareholders shall procure that the Company does not, take any of the following actions (each a "Reserved Matter") without the prior written consent of Shareholders holding at least 75% of the Shares:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"89163237-3470-45f3-8ace-dbdabdf2921e","order":72,"text":"(a) any amendment to the Constitution or to the rights attaching to any class of Shares;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"b86e1fa0-1ffd-4b4c-a330-0208815b026c","order":73,"text":"(b) any allotment or issue of Shares, or the grant of any option, warrant or other right to subscribe for or convert into Shares, or the creation of any new class of shares;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"4e2a0f9d-5f1d-41bd-9122-594179aadb03","order":74,"text":"(c) any reduction, consolidation, sub-division, redemption or repurchase of share capital, or any variation of class rights;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"a6c64534-b7ff-40a3-919b-5414e47caefb","order":75,"text":"(d) any change in the nature or scope of the Business, or the commencement of any new business, or the cessation of the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"b17b9d01-3db4-4dd7-81de-32890548132c","order":76,"text":"(e) the approval or material amendment of the annual budget or business plan of the Company;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"6c892ed3-89c5-4d54-8f58-068d942eed56","order":77,"text":"(f) the incurring of any borrowing or indebtedness, or the giving of any guarantee or indemnity, exceeding [amount, e.g. S$100,000] in aggregate, otherwise than in the ordinary course of the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"94b5bf0d-495c-4a45-98c4-c9fa5cb33513","order":78,"text":"(g) the acquisition or disposal of any asset, or the entry into any commitment, with a value exceeding [amount, e.g. S$100,000], otherwise than in the ordinary course of the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"ad170f40-4337-42d1-846b-976a0417772b","order":79,"text":"(h) the entry into, material amendment or termination of any contract with a Shareholder or any person connected with a Shareholder (a related-party transaction);","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"886c3e02-154a-4b87-9783-2edf39306906","order":80,"text":"(i) the declaration or payment of any dividend or other distribution otherwise than in accordance with the Article entitled "Dividend Policy";","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"24175324-0f04-41c2-89db-92f140052090","order":81,"text":"(j) the appointment or removal of the auditors, or any change in the accounting policies or the Financial Year, otherwise than as required by law;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"937b1967-828f-47b9-96f8-427bde2691ef","order":82,"text":"(k) the commencement, settlement or abandonment of any litigation or arbitration that is material to the Company;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"c222cd28-403b-475f-a8b9-f52ad5ab6428","order":83,"text":"(l) the winding up, dissolution, or any merger, amalgamation or scheme of arrangement of the Company, or the making of any application for judicial management; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"64a18e9e-dd47-4dbc-a7fa-b62189981d03","order":84,"text":"(m) the adoption or amendment of any employee share option or incentive scheme.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"d1f29f11-db23-4bee-9db7-7ece3031d7fa","order":85,"text":"Any consent required under this Article may be given in writing, including by electronic means, and may be given subject to conditions.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"afc6736c-db55-42ad-9d62-f494d84e692a","order":86,"text":"9. FUTURE FUNDING AND SHAREHOLDER LOANS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"ba1630af-87fd-449f-9022-55ea94457058","value":"1","type":"add","operator":"="}],"sectionNum":"S09"},{"id":"54df49cd-382b-46b3-98be-43a903340331","order":87,"text":"If the Board determines that the Company requires additional funding for the Business, the funding requirement shall first be notified to the Shareholders, who shall consider in good faith whether and how to provide it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ba1630af-87fd-449f-9022-55ea94457058","value":"1","type":"add","operator":"="}]},{"id":"f4046abe-7a9b-4e65-bbb9-20add5412f3d","order":88,"text":"No Shareholder is obliged to provide additional funding. Where the Shareholders agree to provide funding, it shall, unless they otherwise agree, be offered to all Shareholders pro rata to their holdings of Shares, and may be provided by way of subscription for new Shares (subject to the Article entitled "Reserved Matters" and, where applicable, "Anti-Dilution Protection") or by way of shareholder loan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ba1630af-87fd-449f-9022-55ea94457058","value":"1","type":"add","operator":"="}]},{"id":"86addeb6-ea2f-4106-80fc-3ccffe91e26a","order":89,"text":"Any shareholder loan shall, unless otherwise agreed, be unsecured, subordinated to the Company's third-party lenders, and shall carry interest at the rate of [rate, e.g. 5% per annum], and shall be repayable only when the Board reasonably determines that the Company has sufficient funds, and in proportion to the loans made by each lending Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ba1630af-87fd-449f-9022-55ea94457058","value":"1","type":"add","operator":"="}]},{"id":"ea080dfd-bd8e-4d14-b2d2-dd0458f70850","order":90,"text":"If a Shareholder elects not to participate in an agreed pro-rata funding round, the other Shareholders may provide the shortfall, and the non-participating Shareholder's percentage holding may be diluted accordingly, subject to applicable law and to any anti-dilution protection expressly conferred by this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"ba1630af-87fd-449f-9022-55ea94457058","value":"1","type":"add","operator":"="}]},{"id":"e3496c70-028a-4e32-afa9-c7a2752b7080","order":91,"text":"10. DIVIDEND POLICY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S10"},{"id":"988f71b2-7bf2-4aeb-9b34-7877c0aab5f0","order":92,"text":"Subject to the Companies Act (and in particular to dividends being paid only out of profits available for distribution), the Shareholders have agreed the following dividend policy:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"46eddf76-16f8-484c-9a84-07b62b80e1a9","order":93,"text":"The Company shall, in respect of each Financial Year, distribute by way of dividend not less than [percentage]% of its net profits available for distribution, after retaining such amounts as the Board reasonably considers necessary for the working capital, capital expenditure and reasonable reserves of the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6a50fd02-f1ff-4060-889e-b47aed1b7d47","value":"fixed","type":"add","operator":"="}]},{"id":"d0f20e64-7bf0-4d5f-af1a-613c1a45b1ff","order":94,"text":"Dividends shall be declared and paid at such times and in such amounts as the Board may determine from time to time, having regard to the working capital, capital expenditure and reserves of the Company. No Shareholder shall have any right to require the declaration or payment of a dividend save as the Board may resolve.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6a50fd02-f1ff-4060-889e-b47aed1b7d47","value":"board","type":"add","operator":"="}]},{"id":"e6e59ec9-7e23-4743-9498-94c6c09b7033","order":95,"text":"The Shareholders have agreed that, for so long as this Agreement remains in force, the Company shall retain and reinvest its profits to fund the growth of the Business, and that no dividend shall be declared or paid unless and until the Shareholders otherwise agree by Special Resolution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6a50fd02-f1ff-4060-889e-b47aed1b7d47","value":"reinvest","type":"add","operator":"="}]},{"id":"a717c3a2-2c94-46b0-bf0c-8614adff917d","order":96,"text":"All dividends shall be paid to the Shareholders in proportion to the number of Shares held by them, unless otherwise agreed in writing by all Shareholders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"da02f9ee-12fc-4ece-8531-973361d0b06b","order":97,"text":"11. INFORMATION RIGHTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S11"},{"id":"5dd4cf0b-f63f-4568-9b78-91a2a9fb8047","order":98,"text":"The Company shall keep proper accounting records in accordance with the Companies Act and applicable financial reporting standards, and shall prepare audited or (where the Company is exempt from audit) unaudited financial statements in respect of each Financial Year.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0dbdc71f-a2f7-4b7d-8c40-efe3f19a9f1e","order":99,"text":"The Company shall provide to each Shareholder: (a) the annual financial statements within the period prescribed by the Companies Act; (b) management accounts on a [frequency, e.g. quarterly] basis; and (c) such other information relating to the Business and the financial position of the Company as any Shareholder may reasonably request. Each Shareholder shall keep such information confidential in accordance with the Article entitled "Confidentiality and Non-Disparagement".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"d7c2315f-a6d6-4282-8bb6-b2c8135281b0","order":100,"text":"12. INTELLECTUAL PROPERTY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"70ab4927-f52a-45fb-8d51-d4d85c09731c","value":"1","type":"add","operator":"="}],"sectionNum":"S12"},{"id":"ce5f8c7d-08a0-4361-bb7c-c67c444a8dd9","order":101,"text":"Each Shareholder which is, or whose principals or employees are, engaged in the Business shall procure that all intellectual property rights created, developed or acquired by or for that Shareholder in connection with the Business (including software, source code, inventions, designs, know-how, trade marks, domain names and works of authorship) are assigned to, and vest in, the Company, with full title guarantee and free from Encumbrances.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"70ab4927-f52a-45fb-8d51-d4d85c09731c","value":"1","type":"add","operator":"="}]},{"id":"3c7a487c-7ba2-4959-8e54-330c9d0fb866","order":102,"text":"Each relevant Shareholder shall, and shall procure that its principals and employees shall, execute all such documents and do all such acts as the Company may reasonably require to give effect to the foregoing assignment and to perfect the Company's title, including waiving (to the extent permitted by law) any moral rights.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"70ab4927-f52a-45fb-8d51-d4d85c09731c","value":"1","type":"add","operator":"="}]},{"id":"b015cd42-1e3c-4ba2-9a05-1ea935c19447","order":103,"text":"No Shareholder shall use the Company's intellectual property otherwise than for the purposes of the Business, and each Shareholder shall keep confidential and not misuse any such intellectual property in accordance with the Article entitled "Confidentiality and Non-Disparagement".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"70ab4927-f52a-45fb-8d51-d4d85c09731c","value":"1","type":"add","operator":"="}]},{"id":"153b7341-5ea3-406c-b9e3-411d958491d7","order":104,"text":"13. FOUNDER VESTING AND LEAVER PROVISIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"7db400b2-26ca-4dc5-9a2c-a5eacc03ff10","value":"1","type":"add","operator":"="}],"sectionNum":"S13"},{"id":"1ee5f90a-520b-4548-b189-d4f22f0b88c1","order":105,"text":"The Shareholders who are founders actively engaged in the Business (each a "Founder") hold their Shares subject to the vesting and leaver provisions of this Article. The purpose of this Article is to ensure that a Founder's equity reflects that Founder's continued contribution to the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7db400b2-26ca-4dc5-9a2c-a5eacc03ff10","value":"1","type":"add","operator":"="}]},{"id":"5d8f3378-8412-4ce9-913b-0fe3714df447","order":106,"text":"A Founder's Shares shall vest over a period of [number] years from [vesting commencement date], subject to a cliff of [number] months, such that no Shares vest before the end of the cliff period, and thereafter the Shares vest in equal monthly instalments over the remainder of the vesting period. Shares that have vested are "Vested Shares" and Shares that have not vested are "Unvested Shares".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7db400b2-26ca-4dc5-9a2c-a5eacc03ff10","value":"1","type":"add","operator":"="}]},{"id":"5bc1f63b-a670-4f4e-afd8-22dacb74320e","order":107,"text":"If a Founder ceases to be engaged in the Business (a "Leaver"), that Founder shall be treated as a "Good Leaver" or a "Bad Leaver" in accordance with this Article, and the consequences set out below shall apply.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7db400b2-26ca-4dc5-9a2c-a5eacc03ff10","value":"1","type":"add","operator":"="}]},{"id":"62d6765c-21b2-4f36-af85-a6fdf3031b97","order":108,"text":"A "Good Leaver" is a Founder who ceases to be engaged in the Business by reason of death, permanent disability or serious illness, retirement at an agreed age, redundancy, or termination by the Company other than for Cause. A Good Leaver shall be entitled to retain that Founder's Vested Shares (or to require them to be purchased at Fair Market Value), and that Founder's Unvested Shares shall be offered for sale in accordance with the Article entitled "Transfer Restrictions and Pre-emption Rights" at Fair Market Value.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7db400b2-26ca-4dc5-9a2c-a5eacc03ff10","value":"1","type":"add","operator":"="}]},{"id":"dafc85f2-f313-4d02-82a5-6182a53e55a0","order":109,"text":"A "Bad Leaver" is a Founder who ceases to be engaged in the Business in any circumstances other than those of a Good Leaver, including voluntary resignation before the end of the vesting period, or termination by the Company for Cause (meaning fraud, dishonesty, gross misconduct, material and unremedied breach of this Agreement or of that Founder's service arrangements, or conviction of a serious criminal offence). A Bad Leaver's Unvested Shares shall be offered for sale at the lower of the issue price paid for them and their Fair Market Value, and that Founder's Vested Shares shall be offered for sale at [e.g. Fair Market Value].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7db400b2-26ca-4dc5-9a2c-a5eacc03ff10","value":"1","type":"add","operator":"="}]},{"id":"213ede42-f8e0-43e5-815a-9d21db59af9f","order":110,"text":"A Leaver shall be deemed to have served a Transfer Notice in respect of the relevant Shares on the date of cessation, and the provisions of the Article entitled "Transfer Restrictions and Pre-emption Rights" shall apply to the sale of those Shares, save that the price shall be determined in accordance with this Article. The remaining Shareholders shall be entitled to acquire the relevant Shares in proportion to their existing holdings, and the Company may, where lawful and where the remaining Shareholders do not take up all of the relevant Shares, acquire and cancel them in accordance with the Companies Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"7db400b2-26ca-4dc5-9a2c-a5eacc03ff10","value":"1","type":"add","operator":"="}]},{"id":"2bfcb922-4823-4ed4-9e5b-a0a2d811d7aa","order":111,"text":"14. TRANSFER RESTRICTIONS AND PRE-EMPTION RIGHTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S14"},{"id":"5643870b-c76b-420c-b17c-bb5f59c54224","order":112,"text":"No Shareholder shall Transfer any Share, or any legal or beneficial interest in any Share, except in accordance with this Agreement. Any purported Transfer in breach of this Agreement shall be void, and the Company shall not register it. The Shareholders shall procure that the Constitution contains transfer restrictions consistent with this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e5e578f0-cb3d-4954-ba32-98f07ea0accc","order":113,"text":"No Shareholder shall Transfer any Share before [lock-in date or period, e.g. the second anniversary of this Agreement] (the "Lock-In Period"), except with the prior written consent of all other Shareholders or as expressly permitted by this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"89feb718-8966-4764-8146-c621cceece86","value":"1","type":"add","operator":"="}]},{"id":"f511e60b-592b-48e0-9776-e9a4bee6350a","order":114,"text":"A Shareholder may Transfer all (but not some only) of its Shares to a Permitted Transferee, being (in the case of an individual) a member of that Shareholder's immediate family or a trust for their benefit, or (in the case of a body corporate) a wholly-owned subsidiary or holding company, provided that the Permitted Transferee first executes a deed of adherence agreeing to be bound by this Agreement, and provided that the Shares are re-transferred to the original Shareholder before the Permitted Transferee ceases to qualify as such.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8d78fc1d-f284-461c-a40a-5fcd6e9959f6","order":115,"text":"Save for a Transfer to a Permitted Transferee or a Transfer made under the Articles entitled "Tag-Along Rights" or "Drag-Along Rights", a Shareholder wishing to Transfer Shares (the "Transferor") shall first give written notice (a "Transfer Notice") to the Company and the other Shareholders, specifying the number of Shares offered (the "Sale Shares") and the price per Share at which the Transferor is willing to sell.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"05107121-4e02-4b83-8d1d-dda7fdcb70d1","order":116,"text":"The Sale Shares shall be offered to the other Shareholders in proportion to their existing holdings of Shares, at the price specified in the Transfer Notice, for acceptance within [number] days. To the extent that any Shareholder does not take up its entitlement, the unaccepted Sale Shares shall be offered to the Shareholders who have accepted in full, again in proportion to their holdings, until all Sale Shares are taken up or all such Shareholders have declined.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8cf5e894-9b98-4657-b1b9-924e98191fdf","order":117,"text":"If the other Shareholders do not, within the period allowed, agree to purchase all of the Sale Shares, the Transferor may, within [number] days thereafter, Transfer all (but not some only) of the remaining Sale Shares to a bona fide third party at a price not less than, and on terms no more favourable than, those specified in the Transfer Notice, subject to the Articles entitled "Tag-Along Rights" and "Drag-Along Rights" and to the third party executing a deed of adherence.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3367e75c-b948-44bb-b503-e4441a31adcb","order":118,"text":"Where Shares are required by this Agreement to be Transferred at Fair Market Value, the Fair Market Value shall be agreed between the relevant Shareholders or, failing agreement within 14 days, determined by an independent valuer (being a reputable firm of accountants or an authorised valuer) appointed by agreement or, failing agreement, by the President for the time being of the Institute of Singapore Chartered Accountants. The valuer shall act as an expert and not as an arbitrator, shall value the Shares as a rateable proportion of the value of the Company as a whole (without any discount or premium for the size of the holding), and the valuer's determination shall be final and binding save in the case of manifest error. The costs of the valuer shall be borne as the valuer directs or, failing direction, equally by the buyer and the seller.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"3c8aa911-8970-434f-91cb-e2a56adb0c1b","order":119,"text":"15. COMPULSORY TRANSFER EVENTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S15"},{"id":"c868a41f-becf-45c4-bd6a-7b501a9dd978","order":120,"text":"A Shareholder (a "Defaulting Shareholder") shall be deemed to have served a Transfer Notice in respect of all of its Shares (the "Compulsory Shares") on the occurrence of any of the following events:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cf7eb7dc-4d64-4d24-a818-66f0bd2dd243","order":121,"text":"(a) the Shareholder commits a material breach of this Agreement which, if capable of remedy, is not remedied within 30 days of written notice requiring its remedy;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"b6031420-c27a-4b8f-99f6-b643f4c556d3","order":122,"text":"(b) the Shareholder (being an individual) dies or becomes permanently incapacitated, or (being a body corporate) becomes insolvent, has a receiver, judicial manager or liquidator appointed over it or any material part of its assets, passes a resolution or has an order made for its winding up, or enters into any composition or arrangement with its creditors;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"bbd719a0-d1c9-4506-9a8f-c52d58f2cefc","order":123,"text":"(c) the Shareholder (being an individual) is adjudged bankrupt or enters into any arrangement with creditors; or","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"0879b3a2-d190-49cf-b3eb-c53a3eba0746","order":124,"text":"(d) there is a change of control of a Shareholder which is a body corporate (otherwise than to a Permitted Transferee), without the prior written consent of the other Shareholders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b9c13175-89dd-4e81-88ab-6a56e381ed98","order":125,"text":"On the occurrence of a Compulsory Transfer Event, the Compulsory Shares shall be offered to the other Shareholders in proportion to their existing holdings in accordance with the procedure in the Article entitled "Transfer Restrictions and Pre-emption Rights", at Fair Market Value, save that where the event is a material breach within paragraph (a) the price shall be the lower of Fair Market Value and the price paid by the Defaulting Shareholder for the Compulsory Shares.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3a5f42c8-1a32-4384-91e1-199861e67701","order":126,"text":"The personal representatives, trustee in bankruptcy or liquidator of a Defaulting Shareholder shall be bound by this Article. Pending completion of the compulsory transfer, the Defaulting Shareholder shall not be entitled to exercise any voting rights attaching to the Compulsory Shares.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"9122f2d4-b615-450f-9e4f-58b4d0d79a80","order":127,"text":"16. TAG-ALONG RIGHTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S16"},{"id":"4f0c5db5-b109-4784-9966-894edec15f9b","order":128,"text":"If one or more Shareholders (the "Selling Shareholders") propose to Transfer Shares which, together with any Shares previously Transferred to the same purchaser or its connected persons, represent more than 50% of the Shares, to a bona fide third party (the "Buyer"), no such Transfer shall be made unless the Buyer first makes an offer to each other Shareholder (each a "Tag Shareholder") to purchase all of the Shares held by that Tag Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6162d61c-3181-4c82-9f52-d1bb1acab99f","order":129,"text":"The offer to each Tag Shareholder shall be on the same terms and conditions, and at the same price per Share, as those applicable to the Selling Shareholders, and shall be open for acceptance for not less than [number] days. A Tag Shareholder who accepts shall sell its Shares to the Buyer on completion of the Selling Shareholders' sale.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a2eaa1da-84fc-4be0-a769-7467adc18669","order":130,"text":"The Selling Shareholders shall not complete the Transfer to the Buyer unless the Buyer simultaneously completes the purchase of the Shares of each Tag Shareholder who has accepted.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"9a570bef-163b-45ef-99d3-307e663569f8","order":131,"text":"17. DRAG-ALONG RIGHTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S17"},{"id":"efa8f1c2-8fb9-4a8f-8d45-31cd48f8acd6","order":132,"text":"If Shareholders holding not less than [percentage, e.g. 75]% of the Shares (the "Dragging Shareholders") wish to Transfer all of their Shares to a bona fide third party (the "Proposed Buyer"), the Dragging Shareholders may require all other Shareholders (the "Dragged Shareholders") to Transfer all of their Shares to the Proposed Buyer (or as the Proposed Buyer directs) by giving written notice (a "Drag Notice").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"97adcd8b-6394-4c19-a0a4-cc7678b26c85","order":133,"text":"Each Dragged Shareholder shall sell its Shares on the same terms and conditions, and at the same price per Share, as those agreed between the Dragging Shareholders and the Proposed Buyer, free from Encumbrances and with full title guarantee, and shall give only such warranties as to its own title and capacity as the Dragging Shareholders give in respect of their own Shares.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a049ed53-e235-4d38-9f8a-e776f76b4e7a","order":134,"text":"Completion of the sale of the Dragged Shareholders' Shares shall take place at the same time as completion of the sale of the Dragging Shareholders' Shares. If a Dragged Shareholder fails to complete, any Director (or other person nominated by the Dragging Shareholders) shall be irrevocably authorised, as that Dragged Shareholder's attorney, to execute the necessary instruments of Transfer on its behalf, and the Company shall register the Transfer.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"a4500f94-55a2-4ce2-ad54-85d8537ce78e","order":135,"text":"18. ANTI-DILUTION PROTECTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"297787db-8879-4107-9f00-385a4baffd8b","value":"1","type":"add","operator":"="}],"sectionNum":"S18"},{"id":"37ef607a-0cb0-4ca2-aabe-e44354d7cb29","order":136,"text":"If the Company proposes to allot or issue any new Shares (other than Shares issued under an employee share option or incentive scheme approved as a Reserved Matter, or Shares issued on a bonus or capitalisation issue), each Shareholder shall have a pre-emptive right to subscribe for such proportion of the new Shares as is equal to that Shareholder's proportion of the existing issued Shares, at the same price and on the same terms, before the new Shares are offered to any other person.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"297787db-8879-4107-9f00-385a4baffd8b","value":"1","type":"add","operator":"="}]},{"id":"2333e68e-32e2-412a-806a-3faa23d6f609","order":137,"text":"The Company shall give each Shareholder written notice of the proposed issue, specifying the number of new Shares, the subscription price and the terms, and each Shareholder shall have not less than [number] days to accept its entitlement. New Shares not taken up may be offered to the other Shareholders in proportion to their holdings and thereafter, with the approval of the Reserved Matter, to a third party on terms no more favourable.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"297787db-8879-4107-9f00-385a4baffd8b","value":"1","type":"add","operator":"="}]},{"id":"92b4dbda-a7e4-4af2-8284-3de66d89a9f8","order":138,"text":"If the Company issues new Shares at a price per Share lower than the price per Share paid by an existing Shareholder on its most recent subscription (a "Down Round"), that existing Shareholder shall, to the extent permitted by the Companies Act, be entitled to such adjustment (whether by the issue of additional Shares for nominal consideration or otherwise) as is necessary to give effect to a broad-based weighted-average anti-dilution adjustment in respect of its affected Shares.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"297787db-8879-4107-9f00-385a4baffd8b","value":"1","type":"add","operator":"="}]},{"id":"7cd5049e-b7e1-48ec-a332-21ec32023367","order":139,"text":"19. DEADLOCK RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S19"},{"id":"1e0568a3-20de-453d-8c39-0441b3199e85","order":140,"text":"A "Deadlock" arises if a Reserved Matter or any other matter requiring the approval of the Shareholders or the Board is proposed at two consecutive duly convened meetings and is not approved (or no quorum is present at both meetings), with the result that the matter cannot be resolved and the conduct of the Business is materially impaired.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"73981933-6817-4ba2-86be-81d5047feb02","order":141,"text":"On the occurrence of a Deadlock, any Shareholder may refer the matter, by written notice, to the most senior officer or principal representative of each Shareholder, who shall meet within 14 days and use their reasonable endeavours, in good faith, to resolve the Deadlock. If the Deadlock is not resolved within 30 days of such referral, the following mechanism shall apply.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fc0857a0-34ce-488a-99cd-585d8231855b","order":142,"text":"Pending resolution of a Deadlock, the Shareholders shall procure, so far as they are able, that the Company continues to carry on the Business in the ordinary course and in a manner consistent with its past practice and current budget, and that no Reserved Matter is implemented and no material or irreversible step is taken in relation to the matter in dispute without the agreement of all Shareholders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"43141dc0-8bec-42b3-8f34-d3df26925a8b","order":143,"text":"The Shareholders shall refer the Deadlock to mediation administered by the Singapore International Mediation Centre (SIMC) in accordance with its Mediation Rules. If the Deadlock is not resolved by mediation within 60 days, the Shareholders shall be free to pursue the dispute-resolution procedure in the Article entitled "Dispute Resolution and Governing Law".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"622da0a6-c5fe-4bc7-a087-91b416bcea71","value":"mediation","type":"add","operator":"="}]},{"id":"78278b11-3cd4-4bef-ab67-b7c9bb8b0084","order":144,"text":"Any Shareholder (the "Offeror") may, by written notice (an "Offer Notice") to the other Shareholder(s) (the "Offeree"), specify a price per Share at which the Offeror is willing either to sell all of its Shares to the Offeree, or to buy all of the Offeree's Shares. The Offeree shall, within 30 days, elect either to buy all of the Offeror's Shares, or to sell all of the Offeree's Shares, in each case at the specified price (a "Russian Roulette" mechanism). Completion shall take place within 30 days of the election. This mechanism is available only where there are two Shareholders or two voting blocs.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"622da0a6-c5fe-4bc7-a087-91b416bcea71","value":"buysell","type":"add","operator":"="}]},{"id":"baf9a613-355a-4dfa-bd3c-104e2d3337da","order":145,"text":"If the Deadlock remains unresolved after the escalation procedure above, any Shareholder may, by written notice, require the Shareholders to procure the orderly winding up of the Company in accordance with the Companies Act, the assets being realised and the net proceeds distributed to the Shareholders in proportion to their holdings, after payment of the Company's liabilities.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"622da0a6-c5fe-4bc7-a087-91b416bcea71","value":"winding","type":"add","operator":"="}]},{"id":"1de1b8e7-b926-4e80-a738-e4b7e8f32a70","order":146,"text":"20. CONFIDENTIALITY AND NON-DISPARAGEMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S20"},{"id":"06a4ee11-bb5b-4b0c-9f81-8f1b66025d29","order":147,"text":"Each Party shall keep confidential, and shall not use or disclose to any person, any confidential information relating to the Company, the Business or any other Party (including the existence and contents of this Agreement, the cap table, financial information and business plans), except: (a) with the prior written consent of the disclosing Party; (b) to the extent required by law, regulation, or any court or regulatory authority; (c) to its professional advisers under a duty of confidentiality; or (d) where the information is or becomes publicly available otherwise than through breach of this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a685abe7-7eef-4da8-ae11-8477aa596cb5","order":148,"text":"This Article shall continue to bind each Party notwithstanding that it ceases to be a Shareholder or that this Agreement is terminated, for so long as the relevant information remains confidential.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a7da433b-b0e4-444b-8de1-82d6bb0cfb6a","order":149,"text":"No Party shall make, publish or communicate any statement (including on social media) which disparages or is intended or likely to harm the reputation of the Company, the Business or any other Party. This does not prevent any Party from making a truthful statement required by law, regulation or a court or regulatory authority, or from exercising any legal right.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"91dd6dd8-9f0f-4b0a-b235-aa685c553cf5","order":150,"text":"21. RESTRICTIVE COVENANTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"32eec9fa-93cc-4e62-8a35-8ac17d966bc3","value":"1","type":"add","operator":"="}],"sectionNum":"S21"},{"id":"9418044c-dbe5-430a-8bef-a3d66ad94bbf","order":151,"text":"Each Shareholder which is actively engaged in the Business undertakes to each other Shareholder and to the Company that, for so long as it is a Shareholder and for a period of [number] months after it ceases to be a Shareholder, it shall not, without the prior written consent of the other Shareholders, whether directly or indirectly and whether on its own account or with or on behalf of any other person:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"32eec9fa-93cc-4e62-8a35-8ac17d966bc3","value":"1","type":"add","operator":"="}]},{"id":"741077e3-9765-4dcc-93a9-34ff7a53e503","order":152,"text":"(a) carry on or be engaged, concerned or interested in any business which competes with the Business within [territory, e.g. Singapore];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"32eec9fa-93cc-4e62-8a35-8ac17d966bc3","value":"1","type":"add","operator":"="}]},{"id":"a0a00a3e-1d59-4afd-bbb3-be843914b6f1","order":153,"text":"(b) solicit or entice away from the Company any person who is, or was within the preceding 12 months, an employee, director, consultant, customer or supplier of the Company; or","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"32eec9fa-93cc-4e62-8a35-8ac17d966bc3","value":"1","type":"add","operator":"="}]},{"id":"29ea9bdd-be76-45ee-a435-9edf27ca6476","order":154,"text":"(c) use or seek to register any trade name, mark or get-up used by the Company, or anything confusingly similar.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"32eec9fa-93cc-4e62-8a35-8ac17d966bc3","value":"1","type":"add","operator":"="}]},{"id":"098cd74c-b3a0-40a7-b716-940d71a5e87d","order":155,"text":"Each Shareholder agrees that these restrictions are reasonable and necessary to protect the legitimate interests of the Company and the other Shareholders, and that each restriction is a separate and severable undertaking. If any restriction is held to be unenforceable but would be enforceable if part of its wording were deleted or its scope reduced, it shall apply with such modification as is necessary to make it enforceable.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"32eec9fa-93cc-4e62-8a35-8ac17d966bc3","value":"1","type":"add","operator":"="}]},{"id":"541d9909-a66d-4cc2-8180-4a9c913a22eb","order":156,"text":"22. DEFAULT AND DEFAULT INTEREST","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S22"},{"id":"468b3019-9e5c-47a6-ba28-92798f76c369","order":157,"text":"Without prejudice to the Article entitled "Compulsory Transfer Events", if a Party fails to pay any sum due under this Agreement on its due date, that sum shall carry interest from the due date until actual payment (both before and after any judgment or award) at the rate of [rate, e.g. 8% per annum], calculated on a daily basis.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9b2018b4-3c33-4ab1-afec-3c84d3ac6528","order":158,"text":"The rights and remedies provided by this Agreement are cumulative and not exclusive of any rights or remedies provided by law. The Shareholders acknowledge that damages may not be an adequate remedy for breach of certain provisions of this Agreement (in particular the Articles relating to transfer of Shares, confidentiality and restrictive covenants), and that the Company and the Shareholders shall be entitled to seek specific performance, injunctive and other equitable relief.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"c326d0bc-abdf-449d-b481-32f464b09c36","order":159,"text":"23. TERM AND TERMINATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S23"},{"id":"191846c9-3401-423c-bed7-1ad2ecd073bc","order":160,"text":"This Agreement takes effect on the date of this Agreement and continues in force until terminated in accordance with this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e12e3acf-3755-4607-8bb2-90709811656a","order":161,"text":"This Agreement shall terminate: (a) on the written agreement of all Shareholders; (b) in respect of any Shareholder, when that Shareholder ceases to hold any Shares (having Transferred them in accordance with this Agreement), save for those provisions which are expressed to survive; or (c) on the commencement of the winding up or dissolution of the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1f2ef9c7-0a5d-40d6-b766-6a61adc29676","order":162,"text":"Termination shall not affect any rights, obligations or liabilities of any Party which have accrued before termination, nor the continued operation of the Articles entitled "Confidentiality and Non-Disparagement", "Dispute Resolution and Governing Law" and "General", and any other provision expressed or intended to survive termination.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"3d9abc9d-add3-465a-b59b-487d24137623","order":163,"text":"24. DISPUTE RESOLUTION AND GOVERNING LAW","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S24"},{"id":"1bba98a3-72a1-4beb-93c0-96b9dabd9f82","order":164,"text":"This Agreement, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it, its subject matter or formation, are governed by and construed in accordance with the laws of the Republic of Singapore.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"12c917f0-c993-432a-b3a3-d5dd056ef33d","order":165,"text":"The Parties shall use their reasonable endeavours to resolve any dispute amicably. Any dispute not so resolved shall first be referred to mediation administered by the Singapore International Mediation Centre (SIMC) in accordance with its Mediation Rules.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0c0f440d-0ebb-46fb-882e-570fdca7b4bd","order":166,"text":"Any dispute which is not resolved by mediation within 60 days of the reference shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) in accordance with the Arbitration Rules of the SIAC then in force, which Rules are deemed to be incorporated by reference into this Article. The seat of the arbitration shall be Singapore, the language of the arbitration shall be English, and the tribunal shall consist of a sole arbitrator. This Article does not prevent any Party from seeking interim or injunctive relief from a court of competent jurisdiction.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"85ebfd65-c712-450e-8d99-8e76068d07b3","value":"one","type":"add","operator":"="}]},{"id":"d3c9710f-eac2-40d7-a75b-c56f49221e49","order":167,"text":"Any dispute which is not resolved by mediation within 60 days of the reference shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) in accordance with the Arbitration Rules of the SIAC then in force, which Rules are deemed to be incorporated by reference into this Article. The seat of the arbitration shall be Singapore, the language of the arbitration shall be English, and the tribunal shall consist of three arbitrators. This Article does not prevent any Party from seeking interim or injunctive relief from a court of competent jurisdiction.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"85ebfd65-c712-450e-8d99-8e76068d07b3","value":"three","type":"add","operator":"="}]},{"id":"14164043-99cc-44c5-a581-ccf02612a075","order":168,"text":"25. COSTS AND STAMP DUTY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S25"},{"id":"901082d9-4015-437e-a57d-84d7d85cb576","order":169,"text":"Except as otherwise provided in this Agreement, each Party shall bear its own legal and other costs and expenses incurred in connection with the negotiation, preparation and execution of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2e8dc746-5b21-45fb-ad72-1c05300881be","order":170,"text":"Any stamp duty, registration or similar duty or tax payable on or in connection with this Agreement, or on any transfer of Shares made under it, shall be borne by the transferee (or, in the case of this Agreement itself, by the Company), and shall be paid within the time prescribed by law so as to avoid any penalty.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"a9368c6c-7ae8-45b6-99d4-fd6ce59c9d57","order":171,"text":"26. GENERAL","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S26"},{"id":"e6b02d74-05c4-4c81-9552-a7f5ab87cfd8","order":172,"text":"This Agreement, together with the Constitution and any documents referred to in it, constitutes the entire agreement between the Parties relating to its subject matter and supersedes all prior agreements, arrangements and understandings, whether written or oral. Each Party acknowledges that it has not 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":"b36a12ad-d9ba-47ef-b3a2-6801ed395757","order":173,"text":"No amendment or variation of this Agreement is effective unless it is in writing and signed by or on behalf of each Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"eaddd0c5-b84e-43df-b648-02b7cae9cb06","order":174,"text":"No person shall be registered as a holder of Shares, and no Transfer shall be registered, unless the proposed transferee (if not already a Party) has executed a deed of adherence agreeing to be bound by this Agreement as a Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1fbf1da9-fdea-47d8-94ad-976ffb48691b","order":175,"text":"No Party may assign, transfer or otherwise deal with any of its rights or obligations under this Agreement except as expressly permitted by this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e78870ec-0ca8-437d-812e-db25b534612c","order":176,"text":"No failure or delay by a Party in exercising any right or remedy is a waiver of it, and no single or partial exercise of any right or remedy precludes any further exercise of it or of any other right or remedy.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fb85781c-4ead-4c54-bd11-e78d6c797b81","order":177,"text":"If any provision of this Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable; if no such modification is possible, the provision shall be deemed deleted, and the validity of the remaining provisions shall not be affected.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b2a4590f-312e-449f-a96e-f8324d2cba57","order":178,"text":"Any notice under this Agreement shall be in writing and delivered by hand, by pre-paid post or by email to the address or email address of the relevant Party last notified in writing, and shall be deemed received: if delivered by hand, on delivery; if by post, on the second Business Day after posting; and if by email, on transmission, provided no automated delivery-failure notice is received.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f5b8568a-6352-45c8-9118-70b8dc484ebf","order":179,"text":"This Agreement may be executed in any number of counterparts, each of which when executed and delivered (including by electronic signature or by scanned copy) constitutes an original, and all of which together constitute one and the same agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"89097d4d-2428-49dd-9dcd-0c5e3f550722","order":180,"text":"Save as expressly provided, a person who is not a Party has no right under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce any term of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6586ca4e-97c5-4991-9f87-bf80600879f4","order":181,"text":"Nothing in this Agreement creates, or is to be construed as creating, a partnership or joint venture between the Parties, or constitutes any Party the agent of another, and no Party has authority to bind any other Party or to incur any obligation on its behalf.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c51ab0c8-c441-4409-b47a-6e704ccb8ce2","order":182,"text":"No Party is liable for any failure or delay in performing its obligations under this Agreement (other than an obligation to pay money) to the extent that the failure or delay is caused by an event beyond its reasonable control, provided that it notifies the other Parties promptly and uses reasonable endeavours to mitigate the effect of the event.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f8015943-7561-474e-9b70-005922a81122","order":183,"text":"This Agreement is binding on, and enures for the benefit of, the Parties and their respective successors, permitted assigns, personal representatives and estates.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1d485cd7-0527-458a-bbfe-769163b39c12","order":184,"text":"Save where expressly stated, time is not of the essence in relation to any obligation under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ca9980c8-767c-4412-9721-6035616133c4","order":185,"text":"Save as expressly provided, all sums payable under this Agreement shall be paid in full without any set-off, counterclaim or deduction, except as required by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"64177cd8-7f17-4125-8376-9aad22016f2a","order":186,"text":"Each Shareholder irrevocably appoints the Company (acting by any Director) as its attorney, with authority to execute and deliver on its behalf any instrument of transfer and any other document required to give effect to a transfer of Shares which that Shareholder is obliged to make under this Agreement but fails to complete, and the Company may receive and hold the consideration on trust for that Shareholder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"2079de71-6aab-4765-b42b-404b7734f801","order":187,"text":"EXECUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20"},{"id":"04becf7a-f057-4212-9025-b330114d568f","order":188,"text":"IN WITNESS WHEREOF the Parties have executed this Agreement on the date first stated above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"0349e376-c1fe-4d0e-ae3e-c41682f91900","order":189,"text":"SIGNED by the First Shareholder:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"marginTop":"10"},{"id":"dc301699-664b-4f45-aab6-6971f8bf82b7","order":190,"text":"_______________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"035b6064-730c-4411-8b1c-83cd11ea8600","order":191,"text":"Name: [Shareholder 1 full name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"5e44a557-988f-4a91-8e5e-0cdc10dc17a5","value":"corporate","type":"remove","operator":"="}]},{"id":"8bb1ecf3-b584-41b5-9458-710b716e7254","order":192,"text":"For and on behalf of [Shareholder 1 company name]
Name of signatory: [representative name]
Position: [position]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"5e44a557-988f-4a91-8e5e-0cdc10dc17a5","value":"individual","type":"remove","operator":"="}]},{"id":"8116ac44-269c-4cfb-b82c-a6bcda12da9e","order":193,"text":"SIGNED by the Second Shareholder:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"marginTop":"10"},{"id":"8860d826-e464-4042-aa32-6f58a8046914","order":194,"text":"_______________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"9a2ef231-26c3-4957-99e7-3fea1bdb33d0","order":195,"text":"Name: [Shareholder 2 full name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"cf3bd0d1-9449-4021-87a0-0242e9ac919f","value":"corporate","type":"remove","operator":"="}]},{"id":"44e22681-62c3-430e-bad1-b8e7f8e61ddc","order":196,"text":"For and on behalf of [Shareholder 2 company name]
Name of signatory: [representative name]
Position: [position]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"cf3bd0d1-9449-4021-87a0-0242e9ac919f","value":"individual","type":"remove","operator":"="}]},{"id":"e8fc18bc-f6e4-481b-8343-4d5262528b29","order":197,"text":"SIGNED by the Third Shareholder:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"marginTop":"10","displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"2","type":"remove","operator":"="}]},{"id":"01143c49-e1bb-45e4-959c-76d1c51dbc6a","order":198,"text":"_______________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true,"displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"2","type":"remove","operator":"="}]},{"id":"336bdc14-d1cf-4299-a061-b05fd80ab00d","order":199,"text":"Name: [Shareholder 3 full name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"2","type":"remove","operator":"="},{"field":"9efdd78e-9a83-4fed-b74f-b24c63c5eaaa","value":"corporate","type":"remove","operator":"="}]},{"id":"eba07e10-e996-4cf7-8152-c90a8f8689ba","order":200,"text":"For and on behalf of [Shareholder 3 company name]
Name of signatory: [representative name]
Position: [position]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"91979f13-0772-4dd8-bf8d-79a681b1ab79","value":"2","type":"remove","operator":"="},{"field":"9efdd78e-9a83-4fed-b74f-b24c63c5eaaa","value":"individual","type":"remove","operator":"="}]},{"id":"b349b23e-52dd-4a78-ade0-c233dd4ee817","order":201,"text":"SIGNED by [Company name]:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"marginTop":"10"},{"id":"d31191ae-070d-427a-8102-98e65d727b7f","order":202,"text":"_______________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"fd55c2a5-41a9-4327-b60a-595fd6007dc9","order":203,"text":"Name of signatory: [director name]
Position: Director","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"0","cflou":false,"active":true}]