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Share Transfer Agreement

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Prepared for:
[Transferee Company]

Prepared by:
[Transferor Company]

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Share Transfer Agreement

This Share Transfer Agreement (hereinafter referred to as the “Agreement”) is entered and shall be effective as on [Effective Date],

By and Between

[Company Name] (hereinafter referred to as the “Transferor”), having its registered place of business at [Address], and;

[Company Name] (hereinafter referred to as the “Transferee”), having its registered place of business at [Address], 

The Trasferor and the Transferee are collectively referred to as the "Parties" and "Party" individually. 

WHEREAS, the Transferor is the registered proprietor of shares and is desirous of transferring the shares to the Transferee

AND WHEREAS, the Transferee has agreed to acquire the shares from the Transferor

NOW, THEREFORE, in consideration with the mutual covenants and promises made by the Parties hereby agree as follows:

Terms and Conditions

1. Transfer of Shares

The Transferor transfers the title of the shares to the Transferee in consideration of the amount 'Specified in the Transfer Price'. The transfer is absolute and includes all the rights to capital, voting rights, dividends of the shares. The Transferor will transfer the shares to the Transferee on the effective date [Date].

2. Transfer Price

The shares shall be transferred on the price [Price] as agreed by the Parties.

3. Cost of Transfer

Any cost incurred during the transfer of shares shall be borne by the Transferee.

4. Warranty and Indemnity

It is agreed that the Transferor is the true and lawful owner of the shares and is entitled to all the benefits. There are no charges or obligations over the shares. The Transferor has the authority to transfer the shares and enter into the Agreement.

5. Shares

The following comprises shares for transfer:

Name & Address of the Company	Number of Shares	Class of Shares	Face Value	% Paid Up
Company 1	100	Ordinary/Preference	1 each	100
Company 2	100	Ordinary/Preference	1 each	100
Company 3	100	Ordinary/Preference	1 each	100

6. Termination

The Agreement will be terminated if any of the following events occur:

Either Party breaches the Agreement
The Company does not provide the necessary internet services to the Client
The Client does not make the payment on time

7. Arbitration

In the event of any dispute arising in and out of this Agreement between the Parties, it shall be resolved by Arbitration. There shall be [Number of Arbitrators] which shall be appointed by [Party(s) Name]. The place of Arbitration shall be [Place of Arbitration] and Seat shall be [State of 'State']. The arbitrators’ decision shall be final and will be binding upon both Parties.

8. Miscellaneous

Severability: In the event, any provision of this Agreement is deemed to be invalid or unenforceable, in whole or part, that part shall be severed from the remainder of this Agreement and all other provisions shall remain in full force and effect as valid and enforceable.
Governing Law: This Agreement and the rights of the Parties hereto shall be governed and interpreted by the laws of the [State] District and Federal courts. Both the Parties hereto agree that any disputes arising regarding this Agreement shall be subject to the exclusive jurisdiction of the court. 
Variation: This Share Transfer Agreement shall be varied and any such variation shall be made in writing by both the Parties. The Transferor hereby agrees to indemnify and hold harmless the Transferee against any damages arising out of this Agreement.
Notices: Any notices required or permitted by this Agreement shall be in writing and delivered by certified mail or courier to the mentioned address.
Entire Agreement: This is the entire Agreement regarding the terms and conditions of the Company’s engagement. It supersedes all other agreements between the Parties whether oral or written. 

Acceptance and Signature

IN WITNESS THEREOF, the Parties hereto have executed this Agreement as on the day and year mentioned above.

Transferor                                                                                                                                   Transferee

Signature

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Name

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Date

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Signature

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Name

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Date

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