[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"page-\u002Fcategories\u002Fbusiness-formation\u002Fshareholder-agreement":3},{"type":4,"data":5},"product",{"product_name":6,"slug":7,"category_slug":8,"order_type":9,"product_version_slug":10,"preview":11,"is_previewable":12,"related_products":13,"related_articles":39,"breadcrumbs":72,"productName":6,"productDescription":-1,"productVersionSlug":10,"localeId":-1,"landerSlug":7,"categorySlug":8,"_cmsSource":78,"hero":79,"quickLinks":84,"page_body":97,"meta_information":233,"sidebar_ad":237,"disclaimer":82,"stateSlug":81},"Shareholder Agreement","shareholder-agreement","business-formation","Document","sa-5426","  &lt;center&gt;&lt;p class=&#39;title center&#39;&gt;&lt;strong&gt;SHAREHOLDERS&#39; AGREEMENT&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;\u002Fcenter&gt;&lt;br \u002F&gt;&lt;br \u002F&gt;  &lt;center&gt;&lt;p class=&#39;title center&#39;&gt;&lt;strong&gt;OF&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;\u002Fcenter&gt;&lt;br \u002F&gt;&lt;br \u002F&gt;  &lt;center&gt;&lt;p class=&#39;title center&#39;&gt;&lt;strong&gt;_____________________&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;\u002Fcenter&gt;&lt;br \u002F&gt;&lt;br \u002F&gt;  &lt;center&gt;&lt;p class=&#39;title center&#39;&gt;&lt;strong&gt;A _____________________ CORPORATION&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;\u002Fcenter&gt;&lt;br \u002F&gt;&lt;br \u002F&gt;&lt;p class=&#39;align-center top-spacing-4&#39;&gt;&lt;strong&gt;Adopted as of &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;div class=&#39;-page-break&#39;&gt;&lt;\u002Fdiv&gt;&lt;p class=&#39;align-center bottom-spacing-2&#39;&gt;&lt;strong&gt;SHAREHOLDERS&#39; AGREEMENT&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;This shareholders&#39; agreement (the &lt;strong&gt;&quot;Agreement&quot;&lt;\u002Fstrong&gt;) dated &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt; is by and among all the shareholders of &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt; (the &lt;strong&gt;&quot;Company&quot;&lt;\u002Fstrong&gt;). The complete schedule of the Company&#39;s shareholders is listed on &lt;strong&gt;Exhibit A&lt;\u002Fstrong&gt;, attached hereto and incorporated herein by reference. Collectively, they are the &lt;strong&gt;&quot;Shareholders&quot;&lt;\u002Fstrong&gt; and individually, a &lt;strong&gt;&quot;Shareholder.&quot;&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p class=&#39;align-center&#39;&gt;&lt;strong&gt;RECITALS&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;ol&gt;  &lt;li&gt;The Shareholders desire to enter into an Agreement to provide for the management, division of profits, division of assets upon liquidation, and other matters, interests, obligations, liabilities, ownerships, and rights in the Company as permissible by law.&lt;\u002Fli&gt;  &lt;li&gt;The Shareholders believe it is important to provide for substantial restrictions on share transfers, to limit the persons permitted to become shareholders, to provide for participation and\u002For employment of Shareholders in the affairs of the Company, and to make provisions with respect to the Company and the relationships between the Shareholders to the Company and among themselves.&lt;\u002Fli&gt;&lt;\u002Fol&gt;&lt;p class=&#39;align-center&#39;&gt;&lt;strong&gt;AGREEMENT&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;The Shareholders therefore agree as follows:&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;ol&gt;  &lt;li&gt;&lt;b&gt;ARTICLES OF INCORPORATION.&lt;\u002Fb&gt; This Agreement augments provisions within the Company&#39;s articles of incorporation. The articles of incorporation is subject to this Agreement. This Agreement will control if there are any inconsistencies between this Agreement and the articles of incorporation. If this Agreement, in whole or in part, terminates or becomes invalid for any reason, the provisions in the articles of incorporation will continue in full force and effect, unless and until amended in accordance with any applicable law.&lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;BYLAWS.&lt;\u002Fb&gt; This Agreement may augment provisions within the Company&#39;s bylaws. The bylaws are subject to this Agreement. This Agreement will control if there are any inconsistencies between this Agreement and the bylaws. If this Agreement, in whole or in part, terminates for any reason, the provisions in the bylaws will continue in full force and effect unless and until amended in accordance with any applicable law.&lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;SHARES AND WARRANTIES.&lt;\u002Fb&gt; The complete schedule of the Company&#39;s Shareholders and all issued and outstanding shares are listed in &lt;strong&gt;Exhibit A&lt;\u002Fstrong&gt;. Each Shareholder warrants that the Shareholder and the Shareholder&#39;s spouse or registered domestic partner, if one exists, are&lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;the sole beneficial owners of the shares identified in &lt;strong&gt;Exhibit A&lt;\u002Fstrong&gt; as being owned by the Shareholder;&lt;\u002Fli&gt;    &lt;li&gt;not prevented by law, other contractual agreements, or any other reason from entering into this Agreement; and&lt;\u002Fli&gt;    &lt;li&gt;in possession of the necessary corporate power and authority to enter into this Agreement and to perform its obligations herein.&lt;\u002Fli&gt;  &lt;\u002Fol&gt;  &lt;li&gt;&lt;b&gt;TRANSFER OF BOARD OF DIRECTORS&#39; POWERS AND LIABILITIES.&lt;\u002Fb&gt; This Agreement restricts the Board of Directors&#39; powers to manage and supervise the Company to the extent necessary to effect the Shareholders&#39; objectives set out in this Agreement. Additionally, certain Board of Directors&#39; powers are transferred to the Shareholders. The Shareholders acknowledge that, to the extent the Board of Directors&#39; powers are restricted and\u002For transferred to the Shareholders, the affiliated obligations and liabilities of the Board of Directors are also transferred to the Shareholders.&lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;MANAGEMENT AND CONTROL&lt;\u002Fb&gt;&lt;\u002Fli&gt;  &lt;ol&gt;        &lt;li&gt;&lt;b&gt;Books, Records, and Reports.&lt;\u002Fb&gt; The Managing Shareholder, if one exists, or the responsible director within the Board of Directors, will maintain the books, records, and other documents as required by applicable law. Notwithstanding any waiver contained in the Company&#39;s bylaws, the Managing Shareholder, if one exists, or the responsible director, will prepare and furnish an annual report for the Shareholders. The annual report need not be audited unless upon written request by any Shareholder.&lt;\u002Fli&gt;        &lt;li&gt;&lt;b&gt;Employment of Shareholders&lt;\u002Fb&gt;&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;Subject to any employment agreements between the Company and any Shareholder that may be amended from time to time upon mutual agreement, the following Shareholders will hold the offices listed herein. The Shareholders will hold these offices so long as they own shares in the Company, are active in the Company&#39;s business, and are able to perform their duties and responsibilities.&lt;\u002Fli&gt;      &lt;ol&gt;                  &lt;li&gt;President or Chief Executive Officer: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fli&gt;                &lt;li&gt;Secretary or Clerk:____________________&lt;\u002Fli&gt;        &lt;li&gt;Treasurer or Chief Financial Officer:____________________&lt;\u002Fli&gt;              &lt;\u002Fol&gt;            &lt;li&gt;The duties and responsibilities of the Company&#39;s officers are set forth in the Company bylaws, the respective employment agreements, or as otherwise approved by two-thirds (2\u002F3rds) supermajority consent of all Shareholders. The duties, offices held, compensation rate, and other prerequisites or conditions of employment of any Shareholder may be modified, amended, or terminated by a two-thirds (2\u002F3rds) supermajority consent of all Shareholders. Each of the aforementioned employment agreements may be similarly modified, amended, or terminated upon mutual agreement between the officers and a two-thirds (2\u002F3rds) supermajority consent of all Shareholders.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;    &lt;li&gt;&lt;b&gt;Termination of an Officer or Director&lt;\u002Fb&gt;&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;Except as otherwise prohibited under applicable law or any employment agreement, any Shareholder may be terminated, by Shareholder action pursuant to the Company bylaws, as an officer, director, or employee of the Company.&lt;\u002Fli&gt;      &lt;li&gt;Termination is effective on the adoption of a written Shareholder resolution, at a meeting duly held pursuant to the Company bylaws, of a written resolution finding that the Shareholder has&lt;\u002Fli&gt;      &lt;ol&gt;        &lt;li&gt;engaged in misconduct or a willful breach of this Agreement to such an extent as to render the Shareholder&#39;s continued presence as an officer, director, or employee personally or professionally obnoxious or detrimental to the other Shareholders;&lt;\u002Fli&gt;        &lt;li&gt;been convicted by final decision of any court of any offense punishable as a felony involving moral turpitude;&lt;\u002Fli&gt;        &lt;li&gt;made an assignment for the benefit of creditors or been declared, or has filed a petition seeking to be declared, bankrupt;&lt;\u002Fli&gt;        &lt;li&gt;been judicially declared insane, incompetent to manage that Shareholder&#39;s non-Company-related affairs, or become physically or mentally disabled or incapacitated as determined by a Company-appointed physician so as to be unable to perform services to the Company in any executive or supervisory capacity, including death;&lt;\u002Fli&gt;        &lt;li&gt;caused the Company to be convicted of a crime or to incur criminal penalties in material amounts; or &lt;\u002Fli&gt;        &lt;li&gt;engaged in other conduct constituting legal cause termination.&lt;\u002Fli&gt;      &lt;\u002Fol&gt;      &lt;li&gt;In the event of any such termination, the terminated Shareholder, including the Shareholder&#39;s estate acting on the Shareholder&#39;s behalf, agrees to sell to the remaining Shareholders, and the remaining Shareholders agree to purchase, all terminated Shareholder&#39;s shares. The remaining Shareholders will make the purchase in proportion to the shares presently owned by them. The purchase price and terms are set forth in the &quot;Valuation&quot; section within this Agreement.&lt;\u002Fli&gt;      &lt;li&gt;The terminated Shareholder is entitled to receive salary from the Company up to the period ending on the termination date.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;    &lt;li&gt;&lt;b&gt;Voting of Shares.&lt;\u002Fb&gt; Each Shareholder must vote, or cause to be voted, the Shareholder&#39;s Company shares in such a manner that will carry out the intents and purposes of, and effectuate and implement all of the covenants and agreements in, this Agreement and any employment agreements. &lt;\u002Fli&gt;  &lt;\u002Fol&gt;  &lt;li&gt;&lt;b&gt;DIVIDEND DISTRIBUTION&lt;\u002Fb&gt;&lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;&lt;b&gt;Determination of Net Income or Loss&lt;\u002Fb&gt;&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;The net income or loss for any accounting period is the Company&#39;s gross income less expenses during that period, determined on an accrual basis.&lt;\u002Fli&gt;      &lt;li&gt;&quot;Gross income&quot; includes, but is not limited to, amounts received from Company investments, gains realized from sale or disposition of any property, and any other Company income.&lt;\u002Fli&gt;      &lt;li&gt;&quot;Expenses&quot; includes, but is not limited to, any business expenses, salaries, interest on loans or advances including any loans or advances to the Company by Shareholders, taxes, assessments, depreciation of and losses on Company property, bad debts and contingencies requiring proper establishment of sufficiently-funded Company reserves, and any and all other expenses related or incidental to the conduct of the Company&#39;s business.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;        &lt;li&gt;&lt;b&gt;Other Distributions.&lt;\u002Fb&gt; By two-thirds (2\u002F3rds) supermajority written consent of the Shareholders, the Company may make further distributions pro rata per share if the Company&#39;s reasonable and foreseeable financial needs permit it.&lt;\u002Fli&gt;  &lt;\u002Fol&gt;  &lt;li&gt;&lt;b&gt;DISSOLUTION&lt;\u002Fb&gt;&lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;&lt;b&gt;Voluntary Dissolution.&lt;\u002Fb&gt; A two-thirds (2\u002F3rds) supermajority consent of the Shareholders is required for the Shareholders to voluntarily dissolve the Company. Each Shareholder waives the right to reduce this Shareholder consent regarding voluntary dissolution to any level below the two-thirds (2\u002F3rds) supermajority threshold. &lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Winding Up.&lt;\u002Fb&gt; Upon commencement of proceedings for dissolution of the Company, either by Shareholders&#39; consent or otherwise, the Company will immediately cease to carry on business except as necessary to wind up the business and distribute its assets. &lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Proceeds Distribution.&lt;\u002Fb&gt; During the winding up process, the Company will collect in and realize all its assets. The asset proceeds will be applied in the following order:&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;To all Company debts and liabilities in accordance with law, specifically including all dissolution and liquidation expenses, but excluding any debts owing to a Shareholder.&lt;\u002Fli&gt;      &lt;li&gt;To the principal and interest on any outstanding debts owing to a Shareholder.&lt;\u002Fli&gt;      &lt;ol&gt;        &lt;li&gt;If the Company&#39;s asset proceeds are inadequate to pay the debts in full, the proceeds should be applied according to the indebtedness terms, if any.&lt;\u002Fli&gt;        &lt;li&gt;If no such terms exist, the remaining asset proceeds will be applied first to all accrued but unpaid interests, followed by the debt principal.&lt;\u002Fli&gt;      &lt;\u002Fol&gt;      &lt;li&gt;To any undistributed dividends subject to provisions regarding dividend distribution herein.&lt;\u002Fli&gt;      &lt;li&gt;To the repayment of the Shareholders&#39; purchase price for the Company&#39;s shares, in full or, if proceeds are inadequate, in proportion to the aggregate purchase price paid to the Company.&lt;\u002Fli&gt;      &lt;li&gt;To the Shareholders in proportion to the number of Company shares held by each Shareholder.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;  &lt;\u002Fol&gt;  &lt;li&gt;&lt;b&gt;MANDATORY SHAREHOLDER ACTION.&lt;\u002Fb&gt; The unanimous consent of all Shareholders is required to approve the following actions by the Company&#39;s Board of Directors: &lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;Amend, repeal, or alter any provisions of the Company&#39;s articles or incorporations or bylaws;&lt;\u002Fli&gt;    &lt;li&gt;Merge or consolidate the Company with another enterprise;&lt;\u002Fli&gt;    &lt;li&gt;Issue shares, options, or other rights to acquire shares of the Company; or&lt;\u002Fli&gt;    &lt;li&gt;Convert the Company into a different entity type.&lt;\u002Fli&gt;  &lt;\u002Fol&gt;  &lt;li&gt;&lt;b&gt;RESTRICTIONS ON TRANSFER&lt;\u002Fb&gt;&lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;Except as otherwise provided within this Agreement, the Company shares may not be sold, pledged, hypothecated, transferred, or otherwise disposed of, whether or not for value, by any Shareholder until after written notice of the intended transaction or offer has been delivered to each Shareholder and final determination of purchase price for the shares have been determined.&lt;\u002Fli&gt;    &lt;li&gt;The following constitutes an &lt;b&gt;&quot;Irrevocable Automatic Offer&quot;&lt;\u002Fb&gt; by the Shareholder, including the Shareholder&#39;s estate acting on the Shareholder&#39;s behalf, to sell all the Shareholder&#39;s Company shares to other Shareholders so long as these conditions exist: &lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;The filing of a voluntary or involuntary petition in bankruptcy by or respecting any Shareholder, unless otherwise dismissed;&lt;\u002Fli&gt;      &lt;li&gt;The occurrence of any insolvency of any Shareholder; &lt;\u002Fli&gt;      &lt;li&gt;The making by a Shareholder of an assignment for the benefit of creditors; &lt;\u002Fli&gt;      &lt;li&gt;The entering into of any composition agreement with creditors by any Shareholders, likely to involve the Shareholder&#39;s shares; &lt;\u002Fli&gt;      &lt;li&gt;The death of any Shareholder; &lt;\u002Fli&gt;      &lt;li&gt;The physical or mental incapacitation of any Shareholder to manage his or her Company-related duties and affairs; or&lt;\u002Fli&gt;      &lt;li&gt;Any other event that requires or causes any Shareholder to transfer or dispose of any Company shares.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;    &lt;li&gt;&lt;b&gt;Offer Notice.&lt;\u002Fb&gt; If any Shareholder, including the Shareholder&#39;s estate acting on the Shareholder&#39;s behalf (collectively the &lt;b&gt;&quot;Selling Shareholder&quot;&lt;\u002Fb&gt;) proposes a disposition of all or any part of the Selling Shareholder&#39;s shares, the Selling Shareholder must sign and deliver to each other Shareholder (the &lt;b&gt;&quot;Non-Selling Shareholder(s)&quot;&lt;\u002Fb&gt;) a written notice stating the Selling Shareholder&#39;s desire to dispose of the designated number of shares. For Irrevocable Automatic Offers, the notice is deemed given when the Non-Selling Shareholders receive actual notice of the bankruptcy or insolvency filing, or other occurrence constituting the automatic offer.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Valuation.&lt;\u002Fb&gt; Upon actual receipt of notice, the Selling Shareholder and the Non-Selling Shareholders will use their best efforts to agree upon a fair market value of the Company shares in the following order:&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;The fair market value of Company shares may be set by the Shareholders on an annual basis and communicated by way of a Shareholder Resolution. .&lt;\u002Fli&gt;      &lt;li&gt;If the Shareholders cannot agree on the fair market value of the shares or fail to set the fair market value of the shares on an annual basis for whatever reason, the fair market value will be computed by determining the fair market value of the Company&#39;s net assets on the date of the notice and dividing the resulting figure by the number of issued and outstanding Company shares as of the date of notice.&lt;\u002Fli&gt;      &lt;li&gt;If the Shareholders cannot or do not agree on the fair market value of the Company&#39;s net assets on the date of notice, the Shareholders must submit the dispute to mandatory arbitration pursuant to the &quot;Dispute Resolution&quot; section within this Agreement. The arbitration expense is borne by all Shareholders paying pro rata based on their proportion of Company share ownership.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;    &lt;li&gt;&lt;b&gt;Right of First Refusal&lt;\u002Fb&gt;&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;After all Shareholders agree to the final determination of the price per share, the Non-Selling Shareholders have the prior option and right to purchase all or any part of the shares at the determined price within the time period stated within the offer that is no less than fourteen calendar days. The option and right of the Non-Selling Shareholders is proportionate to the number of shares each Shareholder owns and, if any Non-Selling Shareholder does not exercise their option in full within the aforementioned offer period, each remaining Non-Selling Shareholder will have an option to purchase the shares remaining for sale at the price per share so determined and within the additional time period stated within the offer that is no less than fourteen calendar days.&lt;\u002Fli&gt;      &lt;li&gt;If the Non-Selling Shareholders do not exercise their option to purchase all the shares set forth in the written notice after the expiration of offer periods and at the final determination of price per share, the Selling Shareholder may sell all of those shares to a third party or parties at a price per share and on substantially the same terms as offered to the Non-Selling Shareholders. &lt;\u002Fli&gt;    &lt;\u002Fol&gt;    &lt;li&gt;The Company reserves the right to refuse to transfer any shares of stock if the Shareholder whose shares are presented for transfer is in any way indebted to the Company or any of the Shareholders with respect to a Company-related loan. The Company will have a lien on each share of stock to secure any Company-related indebtedness due by the Shareholder to the Company or another Shareholder.&lt;\u002Fli&gt;    &lt;li&gt;The purchase price for shares purchased from a Selling Shareholder pursuant to this Agreement will be paid by agreement between the Selling Shareholder and the respective buyer. As a condition precedent to the buyer&#39;s obligation to deliver the purchase price, the Selling Shareholder must deliver the stock certificates with appropriate legends, duly endorsed for transfer, together with any other instruments that may be necessary to convey to the buyer full title to the shares, free and clear of all liens and encumbrances other than provisions within this Agreement. Each Selling Shareholder agrees to take all steps necessary in order to convey that title and to deliver all such documents promptly in connection with any such sale.&lt;\u002Fli&gt;    &lt;li&gt;Company shares will not be issued unless the buyer is a party to this Agreement or agrees to be bound by and to become a party to this Agreement. The buyer must give a written and legally binding undertaking to be bound by and become a party to this Agreement. &lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Permitted Transfers.&lt;\u002Fb&gt; The provisions regarding the restrictions on Company share transfer are applicable to all dispositions of Company shares with the exception that the Shareholders may transfer all or any part of their shares to the following persons or entities without being subject to the aforementioned restrictions:&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;A spouse;&lt;\u002Fli&gt;      &lt;li&gt;Any ancestors or lineal descendants or the spouse of any such persons;&lt;\u002Fli&gt;      &lt;li&gt;Any trust solely for the benefit of the Shareholder or any foregoing persons; or&lt;\u002Fli&gt;      &lt;li&gt;If the Company is a C Corporation, a corporation wholly owned by the Shareholder or a foregoing person.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;  &lt;\u002Fol&gt;    &lt;li&gt;&lt;b&gt;DISPUTE RESOLUTION&lt;\u002Fb&gt;&lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;&lt;b&gt;Voluntary Negotiation.&lt;\u002Fb&gt; In recognition that negotiation may offer a faster and less expensive resolution than mediation or arbitration, the Shareholders may resolve any and all disputes, claims, or controversies arising out of or relating to this Agreement through informal negotiation. Any Shareholder may decide to forego or stop negotiation at any time.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Voluntary Mediation.&lt;\u002Fb&gt; In recognition that mediation may offer a faster and less expensive resolution than arbitration, if the Shareholders are unable or unwilling to resolve any and all disputes, claims, or controversies arising out of or relating to this Agreement through voluntary negotiation, the Shareholders may resolve such dispute through mediation. Any Shareholder may decide to forego or stop mediation at any time.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Mandatory Arbitration.&lt;\u002Fb&gt; The Shareholders hereto agree that any and all disputes, claims, or controversies arising out of or relating to this Agreement that are not resolved by their mutual agreement through voluntary negotiation or mediation will be submitted to final and binding arbitration pursuant to the United States Arbitration Act, 9 U.S.C. 1 et seq.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Default Mediation and Arbitration Service.&lt;\u002Fb&gt; Unless the Shareholders agree otherwise, mediation and\u002For arbitration under this Agreement will be administered by Judicial Arbitration and Mediation Service (&quot;JAMS&quot;), or its successor. Any Shareholder may commence the arbitration process pursuant to this Agreement by filing a written demand for arbitration with JAMS, with copies given to the other Shareholders. The arbitration will be conducted in accordance with the provisions of JAMS&#39; Comprehensive Arbitration Rules and Procedures in effect at the time of filing of the demand for arbitration. The Shareholders will cooperate with JAMS and with one another in scheduling the arbitration proceedings and in selecting an arbitrator from JAMS&#39; panel of neutrals. The arbitrator will be a retired or former judge of any appellate or trial court of the State of &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt; and will have substantial professional experience with regard to corporate legal matters.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Arbitration Scope, Terms, and Procedure.&lt;\u002Fb&gt; The arbitrator will consider the dispute, claim, or controversy at issue in the State of &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;, at a mutually agreed upon location and time within one hundred and twenty (120) days (or such longer period of time as may be acceptable to the Shareholders or as directed by the arbitrator) of the selection of the arbitrator. Notwithstanding the foregoing, the Shareholders agree that they will participate in the arbitration in good faith and will use their best efforts to attempt to conclude the arbitration proceeding and have a final decision from the arbitrator within one hundred and twenty (120) days from the date of selection of the arbitrator, provided, however, that the arbitrator will be entitled to extend such one hundred and twenty-day (120) period for up to an additional ninety (90) days. The arbitrator will deliver a written award with respect to such dispute, claim, or controversy to each of the Shareholders to the arbitration, who will promptly act in accordance therewith. Each party to such arbitration agrees that any award of the arbitrator will be final, conclusive, and binding and that it will not contest any action by any other party thereto in accordance with an award of the arbitrator. &lt;\u002Fli&gt;  &lt;\u002Fol&gt;  &lt;li&gt;&lt;b&gt;NON-COMPETITION&lt;\u002Fb&gt;&lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;Each Shareholder agrees that any business opportunity that comes to the attention of the Shareholder while the Shareholder is a Shareholder, director, officer, or employee of the Company and is related to, or directly or indirectly competes with the Company&#39;s business, or arises out of the Shareholder&#39;s connection with the Company, belongs to the Company.&lt;\u002Fli&gt;    &lt;li&gt;Each Shareholder agrees that while serving as Shareholder, director, officer, or employee of the Company and for a period of six (6) months thereafter, the Shareholder will not, solely or jointly with others&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;undertake, plan, organize, or be involved in any way with any business or activity that directly or indirectly competes with the Company&#39;s business in the same geographic areas that the Company usually carries out its business; or&lt;\u002Fli&gt;      &lt;li&gt;divert or attempt to divert from the Company any business the Company enjoyed, solicited, or attempted to solicit from its customer, prior to the Shareholder ceasing to be a Shareholder, director, officer, or employee of the Company.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;    &lt;li&gt;Each Shareholder agrees that, while serving as a Company Shareholder, director, officer, or employee, the Shareholder will not engage or participate in any other business activities that conflicts with the best interest of this Company. &lt;\u002Fli&gt;  &lt;\u002Fol&gt;  &lt;li&gt;&lt;b&gt;NON-SOLICITATION.&lt;\u002Fb&gt; Each Shareholder agree that, while serving as a Shareholder, director, officer, or employee of the Company and for six (6) months thereafter, the Shareholder will not in any way, directly or indirectly, induce any other Company Shareholder, director, officer, or employee to leave their position with the Company or compete with the Company. Each Shareholder agrees to not interfere with the Company&#39;s relationship with its other Shareholders, directors, officers, and employees. &lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;TRADE SECRETS.&lt;\u002Fb&gt; The Shareholders acknowledge that the customer lists, trade secrets, processes, formulae, methods, and technical information of the Company and any other matters that may be designated as confidential by the Managing Shareholder, if one exists, or by two-thirds (2\u002F3rds) supermajority consent of the Shareholders, are valuable and unique assets. While the Shareholder is an officer, director, employee, or Shareholder, and at any time thereafter, each Shareholder agrees never, without the prior written consent of the Company and each of the other Shareholders, to directly or indirectly disclose or use any lists, names, trade secrets, processes, formulae, methods, technical information, or other matters stated herein as confidential information for any purpose whatsoever except as it may relate to authorized Company business.&lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;LEGEND.&lt;\u002Fb&gt; Each certificate representing shares in the Company will bear the following legend:&lt;br&gt;    &lt;br&gt;    THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR JURISDICTION. SUCH SHARES MAY NOT BE SOLD, TRANSFERRED, OR PLEDGED IN THE ABSENCE OF SUCH REGISTRATION UNLESS REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND STATE SECURITIES LAWS OR THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE, TRANSFER, OR PLEDGE IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SAID ACT.    &lt;br&gt;    &lt;br&gt;    THE SALE, TRANSFER, OR PLEDGE OF THE SHARES REPRESENTED BY THIS CERTIFICATE IS RESTRICTED BY THE PROVISIONS OF THE SHAREHOLDERS&#39; AGREEMENT DATED &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;, AS MAY BE AMENDED FROM TIME TO TIME. ALL PROVISIONS OF THE AGREEMENT ARE INCORPORATED BY REFERENCE IN THIS CERTIFICATE. COPIES OF THE AGREEMENT MAY BE OBTAINED AT NO COST BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE COMPANY SECRETARY AT THE COMPANY&#39;S PRINCIPAL OFFICES. THE COMPANY WILL NOT REGISTER OR OTHERWISE RECOGNIZE OR GIVE EFFECT TO ANY PURPORTED TRANSFER OF SHARES OF STOCK THAT DOES NOT COMPLY WITH SUCH AGREEMENT.&lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;TERMINATION AND AMENDMENT&lt;\u002Fb&gt;&lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;This Agreement will remain in effect until the earlier of the Company ceasing to be a corporate entity registered with a particular state according to its corporation code or all Shareholders agree to terminate the Agreement in writing. Notwithstanding any such termination, the provisions in this Agreement regarding restrictions on share transfers, mandatory buy-sell provisions, non-competition, non-solicitation, and protection of trade secrets will remain in effect until all Shareholders agree in writing to a specific termination or until they expire by their terms.&lt;\u002Fli&gt;    &lt;li&gt;This Agreement may be amended only by a written agreement executed and delivered by each Shareholder.&lt;\u002Fli&gt;  &lt;\u002Fol&gt;  &lt;li&gt;&lt;b&gt;GENERAL PROVISIONS&lt;\u002Fb&gt;&lt;\u002Fli&gt;  &lt;ol&gt;    &lt;li&gt;&lt;b&gt;Waiver of Law.&lt;\u002Fb&gt; This Agreement does not alter or waive any provision of any state or federal law except as expressly provided herein, provided, however, each Shareholder hereby expressly waives the provisions of applicable law to the fullest extent permitted in order to uphold the provisions and validity of this Agreement and to cause this Agreement to be valid, binding, and enforceable in accordance with its terms upon each of the Shareholders and their respective transferees, successors, and assigns. &lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Notices.&lt;\u002Fb&gt; Any notice under this Agreement is deemed sufficiently given by one party to another if it is in writing and, if and when delivered or tendered either in person or by registered or certified United States mail, with postage prepaid, addressed to the person to whom notice is being given at that person&#39;s address appearing on the Company records, in Exhibit A, or any other address as may have been given by that person to the Company for the purposes of notice in accordance with this subsection. A notice not given as described herein will be deemed given if and when it is in writing and actually received by the party to whom it is required or permitted to be given.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Governing Law.&lt;\u002Fb&gt; This Agreement is governed by and construed in accordance with the laws of the State of &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Captions.&lt;\u002Fb&gt; Captions to sections, subsections, and paragraphs in this Agreement are inserted for convenience only and do not affect the construction or interpretation of this Agreement.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Counterparts and Duplicate Originals.&lt;\u002Fb&gt; This Agreement and all amendments may be executed in several counterparts. Each counterpart constitutes a duplicate original of the same instrument.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Successors.&lt;\u002Fb&gt; Notwithstanding anything in this Agreement to the contrary, any transferee, successor, holder, or assignee of the Company&#39;s shares is subject to and bound by this Agreement as fully as though a signatory. &lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Severability.&lt;\u002Fb&gt; In the event that any provisions of this Agreement is prohibited by, or unlawful or unenforceable under, any applicable law of any jurisdiction, that provision, to the extent enforceable, will be waived and severed from this Agreement. The remaining terms, conditions, and provisions of this Agreement will continue to be valid to the fullest extent permitted by law.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Recovery of Expenses.&lt;\u002Fb&gt; Except as otherwise provided within this Agreement, if a dispute arises with respect to this Agreement, the prevailing party is entitled to recover all expenses, including, without limitation, reasonable attorneys&#39; fees and expenses incurred in ascertaining that party&#39;s rights, in preparing to enforce, or in enforcing that party&#39;s rights under this Agreement, whether or not it was necessary for that party to institute suit.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Remedies.&lt;\u002Fb&gt; The Shareholders have all remedies for breach of this Agreement available to them provided by law and equity. Without limiting the foregoing, the parties agree that in addition to all other rights and remedies available at law and equity, the Shareholders are entitled to obtain specific performance of the obligations of each party to this Agreement and immediate injunctive relief. &lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Third Parties&lt;\u002Fb&gt;&lt;\u002Fli&gt;    &lt;ol&gt;      &lt;li&gt;Nothing in this Agreement, whether express or implied, is intended to confer any rights or remedies under this Agreement on any persons other than the Shareholders, the Company, and their respective permitted transferees, successors, and assigns.&lt;\u002Fli&gt;      &lt;li&gt;Nothing in this Agreement is intended to relieve or discharge the obligation or liability of any third persons to any party to this Agreement or to the Company.&lt;\u002Fli&gt;      &lt;li&gt;Nothing in this Agreement is intended to give any third persons any right of subrogation or action over or against any party to this Agreement or the Company.&lt;\u002Fli&gt;    &lt;\u002Fol&gt;    &lt;li&gt;&lt;b&gt;Time.&lt;\u002Fb&gt; Time is of the essence for this Agreement.&lt;\u002Fli&gt;    &lt;li&gt;&lt;b&gt;Filing.&lt;\u002Fb&gt; A copy of this Agreement, as amended from time to time, is filed with the Company&#39;s Secretary for inspection by all Shareholders and any prospective purchaser of Company shares.&lt;\u002Fli&gt;      &lt;\u002Fol&gt;&lt;\u002Fol&gt;    &lt;div class=&#39;-page-break&#39;&gt;&lt;\u002Fdiv&gt;&lt;center&gt;&lt;p class=&#39;title center&#39;&gt;&lt;strong&gt;EXHIBIT A: SCHEDULE OF SHAREHOLDERS&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;\u002Fcenter&gt;&lt;br \u002F&gt;&lt;br \u002F&gt;&lt;table cellpadding=&quot;0&quot; cellspacing=&quot;3&quot; border=&quot;1&quot; width=&quot;100%&quot;&gt;  &lt;tr style=&quot;background-color:#D3D3D3&quot;&gt;    &lt;td&gt;      &lt;strong&gt;Shareholders&lt;\u002Fstrong&gt;    &lt;\u002Ftd&gt;    &lt;td colspan=&quot;2&quot;&gt;      &lt;strong&gt;Number and Classes of Shares&lt;\u002Fstrong&gt;    &lt;\u002Ftd&gt;  &lt;\u002Ftr&gt;  &lt;\u002Ftable&gt;&lt;div class=&#39;-page-break&#39;&gt;&lt;\u002Fdiv&gt;&lt;center&gt;&lt;p class=&#39;title center&#39;&gt;&lt;strong&gt;INSTRUCTIONS FOR YOUR SHAREHOLDERS&#39; AGREEMENT&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;\u002Fcenter&gt;&lt;br \u002F&gt;&lt;br \u002F&gt;&lt;p&gt;A shareholders&#39; agreement is essentially an arrangement between all the company&#39;s shareholders on how they will manage the company business. The shareholders can customize their agreement to suit the company&#39;s individual needs. The arrangement could include, for example:&lt;\u002Fp&gt;&lt;ul&gt;  &lt;li&gt;agreeing to appoint one shareholder to make most of the business decisions, &lt;\u002Fli&gt;  &lt;li&gt;agreeing that the company cannot issue dividend distributions unless approved by two-thirds (2\u002F3rds) of all shareholders, or&lt;\u002Fli&gt;  &lt;li&gt;agreeing that certain shareholders will hold particular officer or board of director positions.&lt;\u002Fli&gt;&lt;\u002Ful&gt;&lt;p&gt;The provisions within this shareholder agreement capture issues of major concern to most shareholders, treating them fairly regardless of their ownership percentage, and aiming to clarify and streamline the decision-making process on vital issues. &lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Corporation Information&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Enter the company&#39;s name and address exactly as it appears on your articles of incorporation filed, or to be filed, with the state.&lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Shareholder Information&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Enter each and every shareholder&#39;s name and address, and identify whether the shareholder is an individual or business entity. This shareholders&#39; agreement is only effective when all shareholders agree to its terms and conditions. Therefore, every shareholder is a party to this agreement. Shareholder information is necessary to identify the shareholders and create an official record of where to send shareholder notices on important company issues that require the shareholders&#39; approval or decision. This information will appear on &lt;b&gt;Exhibit A: Schedule of Shareholders&lt;\u002Fb&gt;.&lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Classes of Shares and Number of Shares&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Enter each and every shareholder&#39;s ownership in the company by share classes and the number of shares per class. This creates a record of the company owners&#39; ownership percentage. This information is necessary to establish voting rights and to calculate the company&#39;s value per share. The percentage breakdown will appear on &lt;b&gt;Exhibit A: Schedule of Shareholders&lt;\u002Fb&gt;.&lt;\u002Fp&gt;&lt;p&gt;When completing the classes of shares for the company, it is helpful to double check that your company&#39;s share structure is in line with your corporation status (C Corporation or S Corporation). For example, some particular features of an S Corporation include the following:&lt;\u002Fp&gt;&lt;ul&gt;  &lt;li&gt;The shareholders may not be another business entity&lt;\u002Fli&gt;  &lt;li&gt;The shareholders can report their taxes in personal return&lt;\u002Fli&gt;  &lt;li&gt;There are limits to the number of shareholders an S Corporation may have&lt;\u002Fli&gt;  &lt;li&gt;The S Corporation shares, regardless of class names, must all have the same profit- and loss-sharing terms.&lt;\u002Fli&gt;&lt;\u002Ful&gt;&lt;p&gt;If you have any questions about the structure of classes of shares for your company, consult an attorney for an evaluation of your company&#39;s structure to ensure appropriate compliance.&lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Proxy&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;A proxy, if allowable, is a person or entity who represents a shareholder at a shareholders&#39; meeting. The proxy acts according to the instruction of the shareholder he or she represents. Allowing proxies helps the shareholders reach the requisite number of shareholders required for meetings to proceed, and allows the shareholders the ability to participate when they are unavailable during the time set for shareholder meetings. &lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Board of Directors&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;The shareholders can agree to fill the Board of Director positions through various methods. The most common ones are as follows:&lt;\u002Fp&gt;&lt;ul&gt;  &lt;li&gt;&lt;b&gt;Each Shareholder Appoints One Director.&lt;\u002Fb&gt; Each shareholder can name any competent person to be a director on the company&#39;s Board of Directors. The shareholder may appoint his or herself or a third party.&lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;Each Shareholder Becomes a Director.&lt;\u002Fb&gt; Each shareholder automatically becomes a director within the Board of Directors. This option requires no election of appointment formality. It often enables each shareholder to become more actively involved in the management of the business.&lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;By Shareholder Election.&lt;\u002Fb&gt; Shareholders elect the Board of Directors according to the rules and procedures in the company&#39;s bylaws. There are no special arrangements between shareholders that change the election of the company&#39;s Board of Directors. &lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;Do not specify.&lt;\u002Fb&gt; Select this option if the shareholders do not want to include a section within their shareholders&#39; agreement on how to fill the Board of Directors positions.&lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;Other.&lt;\u002Fb&gt; You also have the option of creating a custom procedure for filling the Board of Directors positions in your company, such as random selection (e.g. drawing names out of a hat) or by various rounds of shareholder election with special rules.&lt;\u002Fli&gt;&lt;\u002Ful&gt;&lt;p&gt;&lt;b&gt;Shareholders as Officers&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;If any shareholders are also officers, insert their name in the box under the appropriate title. These shareholders may hold these officer positions as long as they are shareholders, which eliminates the need for the Board of Directors to reelect the officers at regular intervals during the life of the company. &lt;\u002Fp&gt;&lt;p&gt;However, shareholders may be terminated from their officer positions for violating any rights or obligations towards the company including, but not limited to, the following:&lt;\u002Fp&gt;&lt;ul&gt;  &lt;li&gt;Engaging in misconduct or a willful breach of this agreement that the shareholders collectively find unacceptable or harmful;&lt;\u002Fli&gt;  &lt;li&gt;Being convicted of a felony involving moral turpitude such as, but not limited to, spousal abuse, kidnapping, aggravate assault, and more;&lt;\u002Fli&gt;  &lt;li&gt;Taking certain actions indicating the shareholder is insolvent and unable to pay his or her debts, such as, but not limited to, making an assignment for the benefit of creditors or filing for bankruptcy;&lt;\u002Fli&gt;  &lt;li&gt;Being judicially declared insane, incompetent, or physically or mentally disabled;&lt;\u002Fli&gt;  &lt;li&gt;Causing criminal claims for liabilities for the company; or&lt;\u002Fli&gt;  &lt;li&gt;Engaging in other conduct constituting legal cause termination.&lt;\u002Fli&gt;&lt;\u002Ful&gt;&lt;p&gt;These violations are serious enough that the shareholders may be removed from their officer or employee position at the company and be required to dispose of their shares in the company, forcing the shareholder out of the company ownership position. &lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Dividends&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Shareholders can agree to a general dividend distribution policy for the Managing Shareholder or the Board of Directors to follow. The following are the most common policies used by companies: &lt;\u002Fp&gt;&lt;ul&gt;  &lt;li&gt;If you select &lt;b&gt;Yes&lt;\u002Fb&gt;, the company &lt;b&gt;will&lt;\u002Fb&gt; make regular dividend distributions if during the distribution period (whether monthly, quarterly, every six months, or annually), the company&#39;s net income meets the predetermined amount that satisfies the shareholders. When choosing this option, insert the period or frequency of distribution and the minimum net income threshold during that period.&lt;\u002Fli&gt;  &lt;li&gt;If you select &lt;b&gt;No&lt;\u002Fb&gt;, the company &lt;b&gt;will not&lt;\u002Fb&gt; make regular dividend distributions. The company may still make special dividend distributions with approval from a supermajority (2\u002F3rds) of all shareholders. &lt;\u002Fli&gt;  &lt;li&gt;If you select &lt;b&gt;On occasion&lt;\u002Fb&gt;, the company &lt;b&gt;may&lt;\u002Fb&gt; decide to make dividend distributions when the company&#39;s net income meets the predetermined amount that satisfies the shareholders. This gives the Managing Shareholder or the Board of Directors, a little more room to make their own business judgment on whether to issue dividends or not. When choosing this option, insert the period or frequency of distribution and the minimum net income threshold during that period.&lt;\u002Fli&gt;&lt;\u002Ful&gt;&lt;p&gt;&lt;b&gt;Dissolution&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;The shareholders may agree by supermajority (2\u002F3rds) vote to close down the company. During the winding-up process, the company&#39;s assets will be applied against the company&#39;s liabilities as required by law. This provision describes those debt priorities. &lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Mandatory Shareholder Action&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;This shareholder agreement retains the right and control for shareholders to make the most important business decisions by unanimous vote as listed below: &lt;\u002Fp&gt;&lt;ul&gt;  &lt;li&gt;Amend, repeal, or alter any provisions of the company&#39;s articles or incorporations or bylaws;&lt;\u002Fli&gt;  &lt;li&gt;Merge or consolidate the company with another enterprise;&lt;\u002Fli&gt;  &lt;li&gt;Issue shares, options, or other rights to acquire shares of the company; or&lt;\u002Fli&gt;  &lt;li&gt;Convert the company into a different entity type.&lt;\u002Fli&gt;&lt;\u002Ful&gt;&lt;p&gt;The Managing Shareholder and\u002For Board of Directors may not act alone on these decisions without the approval of all of the company&#39;s owners.&lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Restrictions on Transfer&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;As the shareholders agree they wish to have the first right of refusal when company shares become available for purchase, if and when shares become available for sale, the company or selling shareholder must first establish a fair market value for the shares and then offer the shares to existing shareholders to purchase first. If any or all of the shares available for sale are not purchased by existing, non-selling shareholders, then these remaining shares may be offered to third parties for purchase.&lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Share Valuation&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Share valuation is crucial to both the buyer and seller. The shares must be valued fairly in order for the transfer transaction to be legitimate. As the company share value may change and is hard to predict, this agreement allows the shareholders to predetermine and write in the share value for each share class. This is a starting point for the valuation negotiation between the selling shareholder and non-selling shareholder. If this predetermined value is out of date, the agreement provides that the share valuation will be based on the fair market value of the company&#39;s net assets. The valuation question can also be submitted for arbitration if parties cannot come to an agreement. &lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Special Buy-Sell Provisions&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Select &quot;Yes&quot; if the shareholders want the following protections for minority and majority shareholders upon a sale of company shares to a third party. &lt;\u002Fp&gt;&lt;ul&gt;  &lt;li&gt;&lt;b&gt;Tag-Along Right&lt;\u002Fb&gt;. This is a right exercised most often by minority shareholders to require that, when a shareholder has negotiated sales terms of his or her shares to a third party, the third party must offer those same sales terms to other shareholders not originally in the deal. This right is designed to obligate the selling shareholder to consider and incorporate the minority shareholder&#39;s rights and interest in the negotiation with third parties. &lt;\u002Fli&gt;  &lt;li&gt;&lt;b&gt;Drag-Along Right&lt;\u002Fb&gt;. This right is exercised by majority shareholders to require minority shareholders to join in the 100% sale of the company to a third party, if the third party so desires. This right is designed to protect majority shareholders by making sure they can sell and transfer all their shares to the company if their target buyer is only interested in purchasing a whole company without any minority shareholder or control.&lt;\u002Fli&gt;&lt;\u002Ful&gt;&lt;p&gt;&lt;b&gt;Dispute Resolution&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Shareholders agree that, while there are many options to resolve disputes, often alternative dispute resolutions are much more effective at maintaining shareholder relationships and more cost effective than filing suit or claim in arbitration. Therefore, if and when a dispute arises, the shareholders may, and are highly encouraged to, engage in voluntary negotiation and mediation first, before taking the issue up to mandatory arbitration as the last and final method of resolving any disputes. Unless otherwise dictated by law, the company&#39;s disputes should not be resolved in a court of law. &lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Non-Competition, Non-Solicitation and Trade Secret Protection&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Shareholders agree to place the interest of the company first during their ownership, and for limited periods after their ownership ends. These obligations include not competing with the company for business opportunities that may arise, not poaching talent from the company, and not using or divulging the company&#39;s trade secrets.&lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Legend&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;The legend is mandatory disclosure language that must be included in any company stock certificate to inform any buyers that there are certain transfer restrictions and shareholder limitations to the stock certificate. The buyer should do his or her own due diligence and assess the acceptability of these limitations and restrictions.&lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Termination and Amendment&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;This shareholders&#39; agreement is entered into by all the shareholders. It can only be amended by approval of all the shareholders as well. The agreement may also be terminated by agreement of all the shareholders. However, it could also terminate when the company is no longer an officially registered company capable of operating business within its registered state. &lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Exhibit A: Schedule of Shareholders&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;You will find the complete list of all shareholders to the company here along with their notice information and ownership interest. Ownership interest is broken down into the number of shares each shareholder owns in each class of shares issued by the company. These are all the individuals who must be notified if and when notice is required for any reason according to the company&#39;s shareholders&#39; agreement and bylaws. It is the definitive record of company ownership until this agreement is terminated, replaced or updated.&lt;\u002Fp&gt;&lt;p&gt;&lt;b&gt;Final Steps: Signing the Shareholder Signature Page&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Each shareholder listed in Exhibit A must sign the Shareholder Signature Page to personally agree to the terms of the shareholders&#39; agreement. The shareholders&#39; agreement is not effective until all shareholders agree and execute the agreement.&lt;\u002Fp&gt;&lt;p&gt;Additionally, if a shareholder is an individual and has a spouse or registered domestic partner, the spouse or registered domestic partner also must sign the Shareholder Signature Page to agree to the shareholders&#39; agreement. This is necessary because, in certain states and under particular circumstances, the shares of a company are considered property owned jointly and equally by a shareholder and the shareholder&#39;s spouse or registered domestic partner. The spouse or registered domestic partner in those situations is therefore a company shareholder as well. Since all shareholders must agree to the shareholders&#39; agreement for the agreement to be effective, the spouse or registered domestic partner&#39;s approval and signature is required.&lt;\u002Fp&gt;&lt;p&gt;The signing shareholder and spouse or registered partner, if any, may have the Shareholder Signature sections notarized using the Notary Acknowledgment page to confirm the validity of the signature.&lt;\u002Fp&gt;&lt;p&gt;The original or a copy of the shareholders&#39; agreement along with the executed Shareholder Signature pages should be stored and maintained by the Secretary at the corporation&#39;s principal executive office or such other place as the Managing Shareholder, if any, or Board of Directors may decide. &lt;\u002Fp&gt;  \n\n",true,[14,18,21,24,27,30,33,36],{"product_name":15,"category":16,"link":17},"Waiver of Notice","Business Formation","\u002Fcategories\u002Fbusiness-formation\u002Fwaiver-of-notice",{"product_name":19,"category":16,"link":20},"LLC Membership Admission Agreement","\u002Fcategories\u002Fbusiness-formation\u002Fllc-membership-admission-agreement",{"product_name":22,"category":16,"link":23},"Stock Certificate","\u002Fcategories\u002Fbusiness-formation\u002Fstock-certificate",{"product_name":25,"category":16,"link":26},"Business Plan","\u002Fcategories\u002Fbusiness-formation\u002Fbusiness-plan",{"product_name":28,"category":16,"link":29},"Notice of Meeting","\u002Fcategories\u002Fbusiness-formation\u002Fnotice-of-meeting",{"product_name":31,"category":16,"link":32},"LLC Operating Agreement Amendment","\u002Fcategories\u002Fbusiness-formation\u002Fllc-operating-agreement-amendment",{"product_name":34,"category":16,"link":35},"Meeting Minutes","\u002Fcategories\u002Fbusiness-formation\u002Fmeeting_minutes",{"product_name":37,"category":16,"link":38},"Articles of Organization","\u002Fcategories\u002Fbusiness-formation\u002Farticles-of-organization",[40,44,48,52,56,60,64,68],{"title":41,"description":42,"link":43},"How does a corporation protect my personal assets?","A corporation is considered to have separate “legal personality” from the people that own it—the shareholders. This means that a corporation has the ability to enter into and enforce contracts. Additionally, a corporation can also accrue debt and own assets. As a separate legal entity, if any creditors attempt to enforce a debt against a corporation","\u002Fguides\u002Fhow-does-a-corporation-protect-my-personal-assets",{"title":45,"description":46,"link":47},"The Basics of Corporate Resolutions","Corporate resolutions are formal declarations of major decisions made by a corporate entity. The resolutions are used to determine which corporate officers are legally able to sign contracts, make transfers or assignments, sell or lease real...","\u002Fguides\u002Fthe-basics-of-corporate-resolutions",{"title":49,"description":50,"link":51},"What Is a Registered Agent and Why Their Address Matters","A registered agent address is a designated location within your state of formation where legal documents and official government notices are formally received on your business's behalf. Your business address is where your company actually operates. Although they may be the same in some cases, these two addresses serve ...","\u002Fguides\u002Fregistered-agent-address-vs-business-address",{"title":53,"description":54,"link":55},"Disaster Could Strike Your LLC without an Operating Agreement","Once you have decided to set up your limited liability company (LLC), it is advisable to create an LLC operating agreement. This enables you to structure your working and financial relationships with any joint owners that are best suited to...","\u002Fguides\u002Fdisaster-could-strike-your-llc-without-an-operating-agreement",{"title":57,"description":58,"link":59},"Texas LLC Start Page","Starting a business is an exciting venture, and forming a limited liability company (LLC) is one of the most popular ways to structure your new enterprise. Texas offers LLC owners valuable benefits, including limited liability protection, tax flexibility, and a straightforward management structure-all within Texas’s business-friendly regulatory environment. Whether you’re ...","\u002Fguides\u002Ftexas-llc-guide",{"title":61,"description":62,"link":63},"How to Start an LLC Online in 2026","Are you ready to start and form an LLC for your new business? We have provided the simple steps that you will need to take below in order to help you get your LLC set up online with ease. Before you start a company, you need to decide on the entity structure. Each entity type is taxed differently. Depending on your company size and structure, those tax","\u002Fguides\u002Fhow-to-start-llc",{"title":65,"description":66,"link":67},"Florida LLC Guide Page","Florida offers LLC owners valuable benefits, including limited liability protection, tax flexibility, and a straightforward management structure, all within Florida’s pro-business regulatory environment. Whether you are launching a new venture or formalizing an existing business, LegalNature will guide you through every step of forming an LLC in Florida, from selecting a unique ...","\u002Fguides\u002Fflorida-llc-guide",{"title":69,"description":70,"link":71},"What are meeting minutes?","Meeting minutes are used to record all items discussed and resolutions passed at board meetings. Maintaining these records is much more than a mundane formality. Minutes play an important function in helping the business show how important decisions were made and which members voted for what. Corporations are required to keep these records in order","\u002Fguides\u002Fwhat-are-meeting-minutes",[73,76],{"label":74,"link":75},"All Documents","\u002Flegal-documents",{"label":16,"link":77},"\u002Fcategories\u002Fbusiness-formation","payload",{"landerVariant":80,"headline":6,"headlineAccent":81,"subtitle":82,"legacySubtitleHtml":83,"checkmarkText":81,"desktopImage":81,"mobileImage":81,"desktopImageUrl":81,"mobileImageUrl":81,"ctaType":80,"ctaText":81,"ctaLink":81},"standard",null,"","A shareholder agreement describes how the company should be operated and outlines shareholders' rights and obligations. It includes provisions to safeguard the company owners and their interests.\n\nUse our shareholder agreement to create an arrangement between a company's shareholders that clearly defines their ownership rights and obligations. \n",[85,89,93],{"id":86,"name":87,"link":88},"6a15a1ebf13133005943e412","How to ","#illustrated_steps",{"id":90,"name":91,"link":92},"6a15a1ebf13133005943e413","Help Guide","#help_guide",{"id":94,"name":95,"link":96},"6a15a1ebf13133005943e414","FAQS","#faqs",[98,117,134,140,175,181,187,213,216],{"id":99,"headline":100,"blockName":81,"items":101,"blockType":114,"visibility":115},"6a15a1ebf13133005943e419","When should I use a shareholder agreement?",[102,105,108,111],{"id":103,"text":104},"6a15a1ebf13133005943e415","When a company is formed",{"id":106,"text":107},"6a15a1ebf13133005943e416","When shares are issued to a new shareholder",{"id":109,"text":110},"6a15a1ebf13133005943e417","When a shareholder sells or intends to sell their shares",{"id":112,"text":113},"6a15a1ebf13133005943e418","When the company business model changes","checkmarks",{"hideOnMobile":116,"hideOnDesktop":116},false,{"id":118,"headline":119,"description":120,"extraButton":81,"extraButtonUrl":81,"blockName":81,"columns":121,"blockType":132,"visibility":133},"6a15a1ebf13133005943e41c","Step-by-step guidance to help you determine the options you need","Throughout the form, we explain all the terms and guide you on making the best choices for your shareholder agreement. ",[122,126],{"id":123,"title":6,"legacyHtml":124,"illustrationHtml":125,"buttonText":81,"buttonLink":81,"hideButton":116},"6a15a1ebf13133005943e41a","Outlines shareholders' rights and obligations and describes how the company should be operated.","\u003Cp>Create other documents\u003C\u002Fp>\u003Csvg width=\"341\" height=\"206\" viewBox=\"0 0 341 206\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M5.2766 138.267C6.88277 161.961 25.0119 182.288 61.3838 190.286C90.2478 196.632 109.528 199.214 160.326 194.779C275.136 184.756 339.319 162.377 336.438 119.881C333.557 77.3851 233.749 111.831 133.826 68.8639C33.9024 25.8972 2.39579 95.7715 5.2766 138.267Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Cg filter=\"url(#filter0_d)\">\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M77.821 36.1402C77.3668 34.4358 78.3775 32.6853 80.0806 32.2264L181.165 4.99099C182.874 4.53031 184.633 5.54578 185.089 7.25683L219.496 136.374C219.95 138.079 218.939 139.829 217.236 140.288L116.152 167.524C114.443 167.984 112.684 166.969 112.228 165.258L77.821 36.1402Z\" fill=\"#46BFBF\"\u002F>\r\n\u003C\u002Fg>\r\n\u003Cg filter=\"url(#filter1_d)\">\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M154.863 21.5269C155.319 19.8159 157.078 18.8004 158.788 19.2611L259.871 46.4963C261.575 46.9552 262.585 48.7057 262.131 50.4101L227.724 179.528C227.268 181.239 225.51 182.254 223.8 181.794L122.716 154.558C121.013 154.099 120.002 152.349 120.457 150.645L154.863 21.5269Z\" fill=\"#94BE46\"\u002F>\r\n\u003C\u002Fg>\r\n\u003Cg filter=\"url(#filter2_d)\">\r\n\u003Crect x=\"113.114\" y=\"1.55994\" width=\"111.111\" height=\"140.105\" rx=\"3.2\" fill=\"white\"\u002F>\r\n\u003C\u002Fg>\r\n\u003Cpath d=\"M120.866 9.34351H129.91V16.4969C129.91 18.9943 127.886 21.0189 125.388 21.0189V21.0189C122.891 21.0189 120.866 18.9943 120.866 16.4969V9.34351Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M121.366 9.84351H129.41V16.4969C129.41 18.7182 127.609 20.5189 125.388 20.5189C123.167 20.5189 121.366 18.7182 121.366 16.4969V9.84351Z\" stroke=\"#00203F\" stroke-opacity=\"0.08\"\u002F>\r\n\u003Crect x=\"123.45\" y=\"28.8025\" width=\"82.6871\" height=\"5.18906\" rx=\"2.59453\" fill=\"#E1E9F1\"\u002F>\r\n\u003Crect x=\"123.45\" y=\"40.4779\" width=\"74.9352\" height=\"5.18906\" rx=\"2.59453\" fill=\"#E1E9F1\"\u002F>\r\n\u003Crect x=\"123.45\" y=\"52.1533\" width=\"31.0077\" height=\"5.18906\" rx=\"2.59453\" fill=\"#E1E9F1\"\u002F>\r\n\u003Crect x=\"163.502\" y=\"52.1533\" width=\"9.04391\" height=\"5.18906\" rx=\"2.59453\" fill=\"#E1E9F1\"\u002F>\r\n\u003Crect x=\"202.261\" y=\"10.6407\" width=\"11.6279\" height=\"5.18906\" rx=\"2.59453\" fill=\"#E1E9F1\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M120.866 100.152C120.866 98.7192 122.028 97.5576 123.461 97.5576H204.835C206.268 97.5576 207.429 98.7192 207.429 100.152V100.152C207.429 101.585 206.268 102.747 204.835 102.747H123.461C122.028 102.747 120.866 101.585 120.866 100.152V100.152Z\" fill=\"#E1E9F1\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M120.866 111.827C120.866 110.395 122.028 109.233 123.461 109.233H163.491C164.924 109.233 166.086 110.395 166.086 111.827V111.827C166.086 113.26 164.924 114.422 163.491 114.422H123.461C122.028 114.422 120.866 113.26 120.866 111.827V111.827Z\" fill=\"#E1E9F1\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M179.006 131.286C179.006 129.854 180.167 128.692 181.6 128.692H212.587C214.02 128.692 215.181 129.854 215.181 131.286V131.286C215.181 132.719 214.02 133.881 212.587 133.881H181.6C180.167 133.881 179.006 132.719 179.006 131.286V131.286Z\" fill=\"#DCE1E3\"\u002F>\r\n\u003Cdefs>\r\n\u003Cfilter id=\"filter0_d\" x=\"74.7123\" y=\"3.88\" width=\"147.892\" height=\"168.755\" filterUnits=\"userSpaceOnUse\" color-interpolation-filters=\"sRGB\">\r\n\u003CfeFlood flood-opacity=\"0\" result=\"BackgroundImageFix\"\u002F>\r\n\u003CfeColorMatrix in=\"SourceAlpha\" type=\"matrix\" values=\"0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 0\"\u002F>\r\n\u003CfeOffset dy=\"2\"\u002F>\r\n\u003CfeGaussianBlur stdDeviation=\"1.5\"\u002F>\r\n\u003CfeColorMatrix type=\"matrix\" values=\"0 0 0 0 0.282353 0 0 0 0 0.282353 0 0 0 0 0.282353 0 0 0 0.08 0\"\u002F>\r\n\u003CfeBlend mode=\"normal\" in2=\"BackgroundImageFix\" result=\"effect1_dropShadow\"\u002F>\r\n\u003CfeBlend mode=\"normal\" in=\"SourceGraphic\" in2=\"effect1_dropShadow\" result=\"shape\"\u002F>\r\n\u003C\u002Ffilter>\r\n\u003Cfilter id=\"filter1_d\" x=\"117.348\" y=\"18.15\" width=\"147.892\" height=\"168.755\" filterUnits=\"userSpaceOnUse\" color-interpolation-filters=\"sRGB\">\r\n\u003CfeFlood flood-opacity=\"0\" result=\"BackgroundImageFix\"\u002F>\r\n\u003CfeColorMatrix in=\"SourceAlpha\" type=\"matrix\" values=\"0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 0\"\u002F>\r\n\u003CfeOffset dy=\"2\"\u002F>\r\n\u003CfeGaussianBlur stdDeviation=\"1.5\"\u002F>\r\n\u003CfeColorMatrix type=\"matrix\" values=\"0 0 0 0 0.282353 0 0 0 0 0.282353 0 0 0 0 0.282353 0 0 0 0.08 0\"\u002F>\r\n\u003CfeBlend mode=\"normal\" in2=\"BackgroundImageFix\" result=\"effect1_dropShadow\"\u002F>\r\n\u003CfeBlend mode=\"normal\" in=\"SourceGraphic\" in2=\"effect1_dropShadow\" result=\"shape\"\u002F>\r\n\u003C\u002Ffilter>\r\n\u003Cfilter id=\"filter2_d\" x=\"110.114\" y=\"0.559937\" width=\"117.111\" height=\"146.105\" filterUnits=\"userSpaceOnUse\" color-interpolation-filters=\"sRGB\">\r\n\u003CfeFlood flood-opacity=\"0\" result=\"BackgroundImageFix\"\u002F>\r\n\u003CfeColorMatrix in=\"SourceAlpha\" type=\"matrix\" values=\"0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 0\"\u002F>\r\n\u003CfeOffset dy=\"2\"\u002F>\r\n\u003CfeGaussianBlur stdDeviation=\"1.5\"\u002F>\r\n\u003CfeColorMatrix type=\"matrix\" values=\"0 0 0 0 0.282353 0 0 0 0 0.282353 0 0 0 0 0.282353 0 0 0 0.08 0\"\u002F>\r\n\u003CfeBlend mode=\"normal\" in2=\"BackgroundImageFix\" result=\"effect1_dropShadow\"\u002F>\r\n\u003CfeBlend mode=\"normal\" in=\"SourceGraphic\" in2=\"effect1_dropShadow\" result=\"shape\"\u002F>\r\n\u003C\u002Ffilter>\r\n\u003C\u002Fdefs>\r\n\u003C\u002Fsvg>\r\n",{"id":127,"title":128,"legacyHtml":129,"illustrationHtml":130,"buttonText":81,"buttonLink":131,"hideButton":116},"6a15a1ebf13133005943e41b","LLC Operating Agreement","Specifies the regulations for a company's operations and defines the company's purpose.","\u003Cp>Review and Sign\u003C\u002Fp>\u003C\u002Fp>\u003Csvg width=\"281\" height=\"191\" viewBox=\"0 0 281 191\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M275 113C275 138.158 261.142 160.941 231.5 172C207.977 180.776 192.171 184.887 149.897 183.839C54.3536 181.471 0 162.416 0 117.294C0 72.1724 84.5029 101.428 164.759 48.8553C245.016 -3.71725 275 67.878 275 113Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Cpath d=\"M39.3887 5.00001C39.3887 2.23858 41.6272 0 44.3887 0H161.673C164.434 0 166.673 2.23858 166.673 5V153.309C166.673 156.071 164.434 158.309 161.673 158.309H44.3887C41.6272 158.309 39.3887 156.071 39.3887 153.309V5.00001Z\" fill=\"white\"\u002F>\r\n\u003Crect opacity=\"0.8\" x=\"19.4277\" y=\"17.793\" width=\"127.101\" height=\"158.276\" rx=\"5\" transform=\"rotate(-7.93862 19.4277 17.793)\" fill=\"white\"\u002F>\r\n\u003Crect opacity=\"0.39\" x=\"2\" y=\"37.8726\" width=\"127.1\" height=\"158.276\" rx=\"5\" transform=\"rotate(-15.6119 2 37.8726)\" fill=\"white\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M161.673 1H44.3887C42.1795 1 40.3887 2.79087 40.3887 5.00001V153.309C40.3887 155.518 42.1795 157.309 44.3887 157.309H161.673C163.882 157.309 165.673 155.518 165.673 153.309V5C165.673 2.79086 163.882 1 161.673 1ZM44.3887 0C41.6272 0 39.3887 2.23858 39.3887 5.00001V153.309C39.3887 156.071 41.6272 158.309 44.3887 158.309H161.673C164.434 158.309 166.673 156.071 166.673 153.309V5C166.673 2.23858 164.434 0 161.673 0H44.3887Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M116 133.883C116 133.883 118.063 122.795 120.716 128.766C123.368 134.736 124.842 136.239 126.021 133.782C127.2 131.325 134.274 137.58 135.011 133.69C135.747 129.801 137.75 133.663 139.505 133.645C141.261 133.627 144 133.599 144 133.599\" stroke=\"#009EFF\"\u002F>\r\n\u003Crect x=\"59.2773\" y=\"46.1404\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"59.2773\" y=\"62.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"59.2773\" y=\"77.9614\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"59.1484\" y=\"99.5703\" width=\"49.8723\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M248.452 45.1212C244.417 45.1212 241.014 48.1255 240.514 52.1289L239.076 63.6279C238.852 65.4185 240.249 67 242.053 67H276.037C277.842 67 279.238 65.4185 279.014 63.6279L277.577 52.1289C277.076 48.1255 273.673 45.1212 269.638 45.1212H248.452Z\" fill=\"#009EFF\" stroke=\"#E9F0FA\" stroke-width=\"2\"\u002F>\r\n\u003Ccircle cx=\"259.045\" cy=\"38.0455\" r=\"11.5455\" fill=\"#009EFF\" stroke=\"#E9F0FA\" stroke-width=\"3\"\u002F>\r\n\u003Cpath d=\"M213.664 44.6212C209.378 44.6212 205.762 47.8133 205.23 52.0669L203.793 63.5659C203.531 65.6549 205.16 67.5 207.266 67.5H241.25C243.355 67.5 244.984 65.6549 244.723 63.5659L243.285 52.0669C242.753 47.8133 239.138 44.6212 234.851 44.6212H213.664Z\" fill=\"#009EFF\" stroke=\"#E9F0FA\" stroke-width=\"3\"\u002F>\r\n\u003Ccircle cx=\"224.258\" cy=\"38.0455\" r=\"11.5455\" fill=\"#009EFF\" stroke=\"#E9F0FA\" stroke-width=\"3\"\u002F>\r\n\u003Ccircle cx=\"179\" cy=\"104\" r=\"22\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M176.672 104.815L186.872 96.6806C187.848 95.7547 189.682 95.7917 190.698 96.6806C191.714 97.5695 191.673 99.2408 190.698 100.167L177.949 112.841C177.26 113.526 176.134 113.48 175.503 112.741L167.747 103.653C166.771 102.727 166.731 101.056 167.747 100.167C168.763 99.2778 170.597 99.2408 171.572 100.167L176.672 104.815Z\" fill=\"white\"\u002F>\r\n\u003Cpath d=\"M60.96 31H62.2V28.21L64.98 24H63.57L61.59 27.1L59.63 24H58.18L60.96 28.24V31Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M67.3247 31.12C68.9547 31.12 70.1547 29.87 70.1547 28.37V28.35C70.1547 26.84 68.9647 25.61 67.3447 25.61C65.7247 25.61 64.5247 26.86 64.5247 28.37V28.39C64.5247 29.89 65.7147 31.12 67.3247 31.12ZM67.3447 30.07C66.4047 30.07 65.7347 29.29 65.7347 28.37V28.35C65.7347 27.43 66.3547 26.67 67.3247 26.67C68.2747 26.67 68.9447 27.44 68.9447 28.37V28.39C68.9447 29.3 68.3247 30.07 67.3447 30.07Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M73.2069 31.11C74.0269 31.11 74.5169 30.68 74.8569 30.18V31H76.0669V25.72H74.8569V28.7C74.8569 29.52 74.3669 30.01 73.6669 30.01C72.9469 30.01 72.5369 29.54 72.5369 28.72V25.72H71.3269V29.08C71.3269 30.31 72.0169 31.11 73.2069 31.11Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M77.5881 31H78.7981V28.99C78.7981 27.59 79.5381 26.9 80.5981 26.9H80.6681V25.62C79.7381 25.58 79.1281 26.12 78.7981 26.91V25.72H77.5881V31Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M86.897 31.11C87.757 31.11 88.307 30.67 88.697 30.12V31H89.907V23.7H88.697V26.54C88.317 26.05 87.767 25.61 86.897 25.61C85.637 25.61 84.447 26.6 84.447 28.35V28.37C84.447 30.12 85.657 31.11 86.897 31.11ZM87.187 30.06C86.367 30.06 85.667 29.39 85.667 28.37V28.35C85.667 27.3 86.357 26.66 87.187 26.66C87.997 26.66 88.717 27.33 88.717 28.35V28.37C88.717 29.38 87.997 30.06 87.187 30.06Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M93.9262 31.12C95.5562 31.12 96.7562 29.87 96.7562 28.37V28.35C96.7562 26.84 95.5662 25.61 93.9462 25.61C92.3262 25.61 91.1262 26.86 91.1262 28.37V28.39C91.1262 29.89 92.3162 31.12 93.9262 31.12ZM93.9462 30.07C93.0062 30.07 92.3362 29.29 92.3362 28.37V28.35C92.3362 27.43 92.9562 26.67 93.9262 26.67C94.8762 26.67 95.5462 27.44 95.5462 28.37V28.39C95.5462 29.3 94.9262 30.07 93.9462 30.07Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M100.429 31.12C101.459 31.12 102.069 30.71 102.589 30.13L101.859 29.41C101.479 29.8 101.059 30.07 100.489 30.07C99.5585 30.07 98.9085 29.31 98.9085 28.37V28.35C98.9085 27.43 99.5485 26.67 100.429 26.67C101.039 26.67 101.429 26.94 101.799 27.33L102.549 26.52C102.059 25.98 101.439 25.61 100.439 25.61C98.8585 25.61 97.6985 26.87 97.6985 28.37V28.39C97.6985 29.89 98.8585 31.12 100.429 31.12Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M105.521 31.11C106.341 31.11 106.831 30.68 107.171 30.18V31H108.381V25.72H107.171V28.7C107.171 29.52 106.681 30.01 105.981 30.01C105.261 30.01 104.851 29.54 104.851 28.72V25.72H103.641V29.08C103.641 30.31 104.331 31.11 105.521 31.11Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M109.903 31H111.113V28.03C111.113 27.21 111.573 26.71 112.243 26.71C112.913 26.71 113.313 27.17 113.313 27.99V31H114.523V28.02C114.523 27.17 114.993 26.71 115.653 26.71C116.333 26.71 116.723 27.16 116.723 28V31H117.933V27.63C117.933 26.34 117.233 25.61 116.083 25.61C115.283 25.61 114.723 25.98 114.293 26.54C114.013 25.98 113.483 25.61 112.723 25.61C111.913 25.61 111.453 26.05 111.113 26.52V25.72H109.903V31Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M121.825 31.12C122.795 31.12 123.485 30.73 123.985 30.13L123.275 29.5C122.855 29.91 122.435 30.13 121.845 30.13C121.065 30.13 120.455 29.65 120.325 28.79H124.205C124.215 28.67 124.225 28.56 124.225 28.45C124.225 26.93 123.375 25.61 121.695 25.61C120.185 25.61 119.115 26.85 119.115 28.36V28.38C119.115 30.01 120.295 31.12 121.825 31.12ZM120.315 27.99C120.425 27.17 120.945 26.6 121.685 26.6C122.485 26.6 122.945 27.21 123.025 27.99H120.315Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M125.44 31H126.65V28.02C126.65 27.2 127.14 26.71 127.84 26.71C128.56 26.71 128.97 27.18 128.97 28V31H130.18V27.64C130.18 26.41 129.49 25.61 128.3 25.61C127.48 25.61 126.99 26.04 126.65 26.54V25.72H125.44V31Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M133.411 31.09C133.861 31.09 134.201 30.99 134.501 30.82V29.83C134.261 29.95 134.021 30.01 133.751 30.01C133.341 30.01 133.101 29.82 133.101 29.35V26.76H134.521V25.72H133.101V24.27H131.891V25.72H131.221V26.76H131.891V29.54C131.891 30.7 132.521 31.09 133.411 31.09Z\" fill=\"#009EFF\"\u002F>\r\n\u003C\u002Fsvg>\r\n","\u002Fdocuments\u002Fcreate\u002Fllc-operating-agreement","illustrated-columns",{"hideOnMobile":116,"hideOnDesktop":116},{"id":135,"heading":136,"variant":137,"businessOnly":116,"blockName":81,"blockType":138,"visibility":139},"6a15a1ebf13133005943e41d","What our customers are saying","block","reviews",{"hideOnMobile":116,"hideOnDesktop":116},{"id":141,"headline":142,"blockName":81,"steps":143,"blockType":173,"visibility":174},"6a15a1ebf13133005943e424","Complete your shareholder agreement in 6 steps",[144,149,154,158,163,168],{"id":145,"headline":146,"legacyHtml":147,"illustrationHtml":148},"6a15a1ebf13133005943e41e","Gather Information","\u003Cp>\u003Cspan>Gather all the relevant information to complete your document. This may include \u003C\u002Fspan>shareholder names, addresses, and stock ownership. You will also need dividend distribution preferences and company officer details.\u003C\u002Fp>","\u003Cp>Complete Obligations\u003C\u002Fp>\u003Csvg width=\"275\" height=\"154\" viewBox=\"0 0 275 154\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M0 82.6465C0 107.804 13.8581 130.588 43.5 141.647C67.0231 150.423 82.8292 154.533 125.103 153.485C220.646 151.117 275 132.063 275 86.9409C275 41.8189 190.497 71.0744 110.241 18.5018C29.984 -34.0708 0 37.5245 0 82.6465Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Crect x=\"10\" y=\"28\" width=\"107\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"12\" cy=\"47\" r=\"11\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M10.8361 47.4074L15.9362 43.3403C16.4239 42.8774 17.3408 42.8959 17.8488 43.3403C18.3568 43.7848 18.3365 44.6204 17.8488 45.0833L12.1133 50.7856C11.4242 51.4707 10.2977 51.4246 9.66686 50.6854L6.37341 46.8264C5.88574 46.3634 5.86542 45.5278 6.37341 45.0833C6.8814 44.6389 7.79831 44.6204 8.28598 45.0833L10.8361 47.4074Z\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"34.5\" y1=\"51.5\" x2=\"101.5\" y2=\"51.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"34.5\" y1=\"41.5\" x2=\"66.5\" y2=\"41.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Crect x=\"147\" y=\"28\" width=\"107\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"149\" cy=\"47\" r=\"11\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M147.836 47.4074L152.936 43.3403C153.424 42.8774 154.341 42.8959 154.849 43.3403C155.357 43.7848 155.336 44.6204 154.849 45.0833L149.113 50.7856C148.424 51.4707 147.298 51.4246 146.667 50.6854L143.373 46.8264C142.886 46.3634 142.865 45.5278 143.373 45.0833C143.881 44.6389 144.798 44.6204 145.286 45.0833L147.836 47.4074Z\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"171.5\" y1=\"51.5\" x2=\"238.5\" y2=\"51.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"171.5\" y1=\"41.5\" x2=\"203.5\" y2=\"41.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Crect x=\"147\" y=\"91\" width=\"107\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"149\" cy=\"110\" r=\"11\" fill=\"#009EFF\"\u002F>\r\n\u003Cg clip-path=\"url(#clip0)\">\r\n\u003Cpath d=\"M145.694 105.793H152.03C152.28 105.793 152.483 105.991 152.483 106.234V106.529C152.483 106.772 152.28 106.97 152.03 106.97C152.03 108.642 151.068 110.054 149.751 110.5C151.068 110.946 152.03 112.358 152.03 114.03C152.28 114.03 152.483 114.228 152.483 114.471V114.766C152.483 115.009 152.28 115.207 152.03 115.207H145.694C145.444 115.207 145.241 115.009 145.241 114.766V114.471C145.241 114.228 145.444 114.03 145.694 114.03C145.694 112.358 146.656 110.946 147.973 110.5C146.656 110.054 145.694 108.642 145.694 106.97C145.444 106.97 145.241 106.772 145.241 106.529V106.234C145.241 105.991 145.444 105.793 145.694 105.793ZM146.901 114.03H150.823C150.823 112.606 149.952 111.383 148.862 111.383C147.772 111.383 146.901 112.606 146.901 114.03Z\" fill=\"white\"\u002F>\r\n\u003C\u002Fg>\r\n\u003Cline x1=\"171.5\" y1=\"114.5\" x2=\"238.5\" y2=\"114.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"171.5\" y1=\"104.5\" x2=\"203.5\" y2=\"104.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Crect x=\"10\" y=\"91\" width=\"107\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"12\" cy=\"110\" r=\"11\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M10.8361 110.407L15.9362 106.34C16.4239 105.877 17.3408 105.896 17.8488 106.34C18.3568 106.785 18.3365 107.62 17.8488 108.083L12.1133 113.786C11.4242 114.471 10.2977 114.425 9.66686 113.685L6.37341 109.826C5.88574 109.363 5.86542 108.528 6.37341 108.083C6.8814 107.639 7.79831 107.62 8.28598 108.083L10.8361 110.407Z\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"34.5\" y1=\"114.5\" x2=\"101.5\" y2=\"114.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"34.5\" y1=\"104.5\" x2=\"66.5\" y2=\"104.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cdefs>\r\n\u003CclipPath id=\"clip0\">\r\n\u003Crect width=\"7.24138\" height=\"9.41379\" fill=\"white\" transform=\"matrix(-1 0 0 1 152.483 105.793)\"\u002F>\r\n\u003C\u002FclipPath>\r\n\u003C\u002Fdefs>\r\n\u003C\u002Fsvg>\r\n",{"id":150,"headline":151,"legacyHtml":152,"illustrationHtml":153},"6a15a1ebf13133005943e41f","Answer Key Questions","\u003Cp>Use the information you collected to complete the agreement. We make this easy by guiding you each step of the way and helping you to customize your document to match your specific needs. The questions and information we present to you dynamically change depending on your answers.\u003C\u002Fp>","\u003Cp>Man Laptop Questions\u003C\u002Fp>\u003Csvg width=\"292\" height=\"174\" viewBox=\"0 0 292 174\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M292 102.647C292 127.804 278.142 150.588 248.5 161.647C224.977 170.423 209.171 174.533 166.897 173.485C71.3536 171.117 9.5 183.122 9.5 138C9.5 92.8781 124 156.5 181.759 38.5019C236.5 -59 292 57.5246 292 102.647Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Cpath d=\"M15.4529 164H21V106H15.4529C12.3802 106.03 9.44949 106.944 7.30286 108.542C5.15623 110.139 3.96877 112.289 4.00062 114.521V155.479C3.96877 157.711 5.15623 159.861 7.30286 161.458C9.44949 163.056 12.3802 163.97 15.4529 164V164Z\" fill=\"#4A7CE2\"\u002F>\r\n\u003Cpath d=\"M116.188 145.088C117.156 145.632 118.047 146.195 118.821 146.739C119.538 147.244 120.157 147.748 120.719 148.214C118.462 154.082 115.264 147.457 111.793 143.147C111.511 143.052 111.227 142.961 110.942 142.875L109.645 142.526C105.434 150.291 109.644 155.264 103.238 143.995C97.1954 151.759 91.6919 151.679 84.373 146.436C82.1079 141.326 75.8791 133.943 74.1803 129.968C71.6244 123.988 69.7967 114.26 67.4587 112.863C66.3165 135.617 66.9553 148.703 68.2524 156.625C68.5816 158.741 69.6077 159.332 66.5295 162.4C64.1869 164.73 60.9149 164.167 54.3905 163.817C37.8762 162.963 29.6094 162.536 21.1102 163.468C18.7676 163.72 14.8762 164.031 12.5917 161.992C10.3072 159.954 10.3072 161.265 10.3072 159.517C10.4148 155.752 10.8811 148.904 11.673 139.671L0 112.863C0 107.254 0 98.1682 8.79713 94.1858C18.2256 86.1868 20.1421 83.2745 25.2726 81.1195C28.8756 79.6537 32.7535 78.9912 36.6372 79.178L50.0925 80.0516C53.7449 80.4805 57.2989 81.5242 60.6051 83.1386C66.0453 85.7791 68.2524 87.3789 74.1803 92.4896C77.5779 98.1682 81.5417 120.883 84.373 126.561C87.2043 134.511 97.9146 146.291 101.361 140.758C102.071 141.96 102.693 143.036 103.238 143.995C103.741 143.349 104.247 142.649 104.758 141.893C107.094 138.468 109.503 140.304 111.793 143.147C113.312 143.662 114.783 144.311 116.188 145.088Z\" fill=\"#F8FAFF\"\u002F>\r\n\u003Cpath d=\"M37.2177 73.2771C37.0435 75.2186 36.8499 77.1601 36.637 79.1016C36.9627 80.5364 37.7452 81.8258 38.8664 82.7751C39.9876 83.7243 41.3864 84.2817 42.8515 84.3631C43.7863 84.3345 44.704 84.1047 45.5424 83.6893C46.3808 83.2739 47.1204 82.6827 47.711 81.9556C47.4563 81.9292 47.2039 81.8838 46.9559 81.8197C44.9456 81.615 43.0598 80.7479 41.5932 79.354C40.5875 77.8577 39.987 76.1248 39.8507 74.3255C39.5797 72.6946 39.5991 71.4132 39.1538 71.3162C38.7085 71.2191 38.3794 72.5393 37.2177 73.2771Z\" fill=\"#EFCDB9\"\u002F>\r\n\u003Cpath d=\"M45.8138 92.322C46.0655 92.0696 46.3365 91.759 46.6656 91.3707C48.2144 89.5457 49.0082 88.6331 48.9114 87.7595C48.8146 86.8858 48.3887 86.6528 46.6656 84.9443C45.4459 83.7211 44.4779 82.7116 43.8777 82.0709C43.1033 82.8863 42.2127 83.9153 41.264 85.1384C39.8701 86.9634 39.754 87.4294 39.754 87.8565C39.754 88.2837 39.9476 88.7302 41.8256 91.1183L42.4063 91.8366C40.8317 109.427 39.27 127.023 37.7212 144.626L43.142 152.392L48.9501 144.626C47.8918 127.243 46.8463 109.808 45.8138 92.322Z\" fill=\"#2B55A3\"\u002F>\r\n\u003Cpath d=\"M43.723 81.9933C44.6988 83.6044 45.7721 85.154 46.9368 86.6335C48.0403 88.0508 48.5824 88.575 49.2794 88.575C49.5117 88.575 50.2668 88.575 51.8544 86.4199C52.8588 85.0869 53.6793 83.624 54.2938 82.071C53.6213 81.2438 52.8397 80.5123 51.9705 79.8965C51.1082 79.2918 50.171 78.8023 49.1826 78.4404C48.502 79.6138 47.5101 80.5748 46.3174 81.2167C45.5108 81.6413 44.6297 81.905 43.723 81.9933V81.9933Z\" fill=\"#BECCE8\"\u002F>\r\n\u003Cpath d=\"M43.7233 81.9947C43.411 83.6072 42.7501 85.1314 41.7872 86.4602C40.916 87.6445 39.8512 89.023 38.4379 89.1006C37.0246 89.1783 35.8436 87.9746 34.7207 86.7126C32.8681 84.6685 31.5392 82.2031 30.8486 79.529C31.4129 78.9748 32.0677 78.5217 32.7847 78.1894C34.0117 77.6881 35.3602 77.5664 36.6567 77.8399C36.9214 78.6303 37.3402 79.3599 37.8886 79.9866C38.437 80.6132 39.1041 81.1242 39.8512 81.49C41.0501 82.0849 42.4125 82.2625 43.7233 81.9947V81.9947Z\" fill=\"#BECCE8\"\u002F>\r\n\u003Cpath d=\"M38.0702 62.4807C38.9027 63.2185 39.7932 62.7719 40.6644 62.9661C42.0002 62.5972 42.6004 65.7618 45.9691 66.5967C48.7182 67.2956 49.4539 65.4124 52.6484 66.0336C55.475 66.5967 56.5204 68.3634 58.4565 67.8392C59.4516 67.5079 60.2872 66.8154 60.7991 65.8977C61.3613 62.5506 61.5883 59.1555 61.4767 55.7631C61.3802 53.4594 61.141 51.164 60.7603 48.8902C59.475 49.1663 58.1398 49.0994 56.8883 48.696C54.1779 48.2883 53.8488 49.4726 51.3707 49.0649C50.5806 48.8328 49.7702 48.6768 48.9506 48.5989C47.8689 48.6706 46.7944 48.8263 45.7368 49.0649C43.5297 49.3755 43.3167 49.0649 42.9683 49.5114C42.1938 50.3269 43.2006 51.6083 42.9683 54.4623C42.9683 55.1806 42.6585 57.8599 41.4969 58.1705C40.9548 58.3259 40.7032 57.8017 39.7739 57.8211C39.3953 57.8197 39.0201 57.8946 38.6709 58.0413C38.3217 58.1881 38.0055 58.4037 37.741 58.6753C37.3333 59.2444 37.1425 59.9411 37.2028 60.6391C37.2632 61.3372 37.5709 61.9905 38.0702 62.4807Z\" fill=\"#EFCDB9\"\u002F>\r\n\u003Cpath d=\"M30.5193 54.1528C30.3114 55.3597 30.0071 56.5478 29.6094 57.7058C29.0851 59.7039 29.0851 61.804 29.6094 63.8021C30.287 65.9572 31.2163 65.7436 31.6616 67.8598C31.9907 69.5295 31.5453 70.112 32.2036 71.4516C32.4193 71.9635 32.7391 72.4247 33.1424 72.8058C33.5458 73.1868 34.0238 73.4795 34.5462 73.6649C35.3136 73.8682 36.1273 73.7996 36.8501 73.4708C36.972 73.4296 37.0841 73.3635 37.1792 73.2766C38.3408 72.5389 38.5925 71.3351 39.1152 71.3351C39.6379 71.3351 39.5411 72.7136 39.8122 74.3445C39.9582 76.1779 40.5861 77.9397 41.632 79.4506C43.091 80.8297 44.9619 81.6893 46.9561 81.8969C47.2041 81.961 47.4565 82.0064 47.7112 82.0328C50.5184 82.6541 53.2095 83.0424 55.3198 81.6251C56.0748 81.1009 57.0041 80.2078 58.824 73.8591C59.7726 70.5779 60.4115 67.821 60.76 65.8018C60.2481 66.7195 59.4126 67.412 58.4175 67.7433C56.4814 68.2675 55.4166 66.5008 52.6094 65.9377C49.4149 65.3165 48.7373 67.1997 45.9301 66.5008C42.6195 65.6659 42.058 62.5013 40.6254 62.8702C39.7542 62.676 38.8635 63.1226 38.031 62.3848C37.5426 61.8909 37.2453 61.2389 37.1921 60.5453C37.1389 59.8518 37.3333 59.1619 37.7406 58.5989C38.0051 58.3272 38.3214 58.1116 38.6706 57.9648C39.0198 57.8181 39.3949 57.7432 39.7735 57.7446C40.7028 57.7446 40.9544 58.2494 41.4965 58.0941C42.6581 57.7834 42.9098 55.1042 42.9679 54.3858C43.1809 51.5318 42.1741 50.2504 42.9679 49.435C43.3164 49.0661 43.5293 49.2991 45.7364 48.9884C46.794 48.7499 47.8686 48.5941 48.9503 48.5225C49.7699 48.6003 50.5802 48.7563 51.3703 48.9884C53.8484 49.3961 54.1775 48.2118 56.8879 48.6195C58.1394 49.0229 59.4746 49.0898 60.76 48.8137C61.4857 48.56 62.1468 48.149 62.696 47.6099C63.3808 46.9033 63.8887 46.044 64.1782 45.1024C64.4676 44.1608 64.5302 43.1638 64.361 42.1932C64.2116 41.3062 63.8596 40.4661 63.3322 39.7385C62.8049 39.0109 62.1166 38.4157 61.3215 37.9995C60.218 37.4947 59.8888 37.9995 57.4495 37.4559C55.4166 37.0482 55.3972 36.6599 54.1 36.524C51.9123 36.2716 51.3702 37.2812 49.1244 37.4559C46.8787 37.6306 46.6464 36.5434 43.6068 36.2716C41.1955 35.874 38.7245 36.4309 36.7146 37.8248C35.5917 38.7955 36.0175 39.2809 34.3719 41.1059C32.7263 42.9309 31.8745 42.9309 30.9839 44.2706C30.0291 46.1088 29.7417 48.2229 30.1708 50.2504C30.4079 51.5375 30.5246 52.844 30.5193 54.1528Z\" fill=\"#414346\"\u002F>\r\n\u003Cpath d=\"M55.4934 70.9109C52.3223 72.2738 48.132 71.6681 46.4332 70.9109L48.3772 72.6655C50.5304 74.6088 53.8369 74.7719 55.6769 72.5297C56.7963 71.1656 57.2 70.1774 55.4934 70.9109Z\" fill=\"white\"\u002F>\r\n\u003Cpath d=\"M56.9653 58.2887C56.9653 59.3954 57.4106 60.2302 58.1657 60.3856C58.9207 60.5409 59.5789 59.609 59.6563 58.4441C59.7338 57.2792 59.2111 56.4055 58.4754 56.3472C57.7397 56.289 57.0621 57.1821 56.9653 58.2887Z\" fill=\"#352F31\"\u002F>\r\n\u003Cpath d=\"M46.6267 57.7458C46.6267 58.8524 47.2656 59.6873 48.0013 59.6873C48.737 59.6873 49.3372 58.7748 49.3178 57.7458C49.2984 56.7168 48.6982 55.8043 47.9432 55.8043C47.1881 55.8043 46.6073 56.6585 46.6267 57.7458Z\" fill=\"#352F31\"\u002F>\r\n\u003Cpath d=\"M45.5241 52.2704C46.1049 51.5909 48.0602 52.5034 48.641 52.7558C49.2218 53.0082 50.4415 53.5518 50.4415 54.2508C50.4431 54.347 50.4231 54.4424 50.3829 54.5298C50.3427 54.6171 50.2833 54.6943 50.2092 54.7556C49.9382 54.9497 49.5123 54.7556 49.3187 54.7556C46.86 53.7654 45.4467 53.6295 45.4467 52.8141C45.4018 52.6296 45.4295 52.4349 45.5241 52.2704V52.2704Z\" fill=\"#414346\"\u002F>\r\n\u003Cpath d=\"M52.2615 64.85C52.2045 64.8483 52.1495 64.8286 52.1043 64.7938C52.0591 64.7589 52.0262 64.7106 52.0099 64.6559C51.9922 64.5864 52.0026 64.5127 52.0388 64.4508C52.0751 64.389 52.1343 64.3441 52.2035 64.3258C52.9198 64.1511 54.1394 63.7434 54.3137 62.9085C54.3137 62.6173 54.3137 62.3649 53.9846 61.4524V61.2582C53.5974 60.1516 53.3069 59.3167 53.1327 58.676C53.1096 58.6065 53.115 58.5306 53.1477 58.4651C53.1804 58.3996 53.2377 58.3497 53.307 58.3266C53.3763 58.3034 53.452 58.3088 53.5173 58.3415C53.5827 58.3743 53.6324 58.4318 53.6555 58.5013C53.8297 59.0837 54.1201 59.9768 54.5073 61.0835V61.2776C54.7901 61.8138 54.9112 62.421 54.8558 63.025C54.5848 64.1511 53.1715 64.6559 52.339 64.85H52.2615Z\" fill=\"#B49E99\"\u002F>\r\n\u003Cpath d=\"M60.3733 52.8724C59.8893 52.1734 57.9533 52.8724 57.3919 53.1053C56.8304 53.3383 55.6107 53.746 55.572 54.4061C55.5628 54.4996 55.5755 54.5939 55.6091 54.6816C55.6427 54.7692 55.6963 54.8478 55.7656 54.9109C55.9979 55.1051 56.4239 54.9109 56.5982 54.9109C59.0182 54.1537 60.4702 54.1149 60.4702 53.3383C60.4988 53.1763 60.4641 53.0094 60.3733 52.8724V52.8724Z\" fill=\"#414346\"\u002F>\r\n\u003Cpath d=\"M164.782 160.633C164.782 158.437 163.002 156.658 160.807 156.658H3.96436V164.608H14.082L8.03407 164.578H11.077L20.0309 164.608H148.563L151.302 164.578H154.421L154.664 164.608H160.807C163.002 164.608 164.782 162.828 164.782 160.633V160.633Z\" fill=\"#4A7CE2\"\u002F>\r\n\u003Cpath d=\"M159.381 117.932C159.073 117.443 158.648 117.039 158.144 116.758C157.64 116.476 157.074 116.326 156.497 116.321H109.432C108.8 116.328 108.183 116.514 107.652 116.857C107.121 117.201 106.698 117.688 106.431 118.262L89.5101 151.753C89.3822 152.018 89.291 152.299 89.2391 152.588H64.0707C63.6086 152.588 63.1654 152.772 62.8386 153.1C62.5118 153.428 62.3282 153.872 62.3282 154.336V154.937C62.3333 155.399 62.5185 155.841 62.8442 156.167C63.1698 156.494 63.6102 156.68 64.0707 156.685H139.576C140.208 156.678 140.825 156.492 141.356 156.149C141.887 155.805 142.31 155.318 142.577 154.743L159.497 121.252C159.756 120.733 159.881 120.157 159.861 119.578C159.84 118.998 159.675 118.432 159.381 117.932V117.932Z\" fill=\"#2B55A3\"\u002F>\r\n\u003Crect x=\"87\" y=\"11\" width=\"67\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Crect x=\"172\" y=\"23\" width=\"67\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"195.5\" y1=\"37.5\" x2=\"215.5\" y2=\"37.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"189.5\" y1=\"46.5\" x2=\"221.5\" y2=\"46.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Crect x=\"183\" y=\"80\" width=\"67\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"206.5\" y1=\"95.5\" x2=\"226.5\" y2=\"95.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Ccircle cx=\"92\" cy=\"43\" r=\"11\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M90.8361 43.4074L95.9362 39.3403C96.4239 38.8774 97.3408 38.8959 97.8488 39.3403C98.3568 39.7848 98.3365 40.6204 97.8488 41.0833L92.1133 46.7856C91.4242 47.4707 90.2977 47.4246 89.6669 46.6854L86.3734 42.8264C85.8857 42.3634 85.8654 41.5278 86.3734 41.0833C86.8814 40.6389 87.7983 40.6204 88.286 41.0833L90.8361 43.4074Z\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"114.5\" y1=\"34.5\" x2=\"126.5\" y2=\"34.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"104.5\" y1=\"24.5\" x2=\"136.5\" y2=\"24.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Ccircle cx=\"173.5\" cy=\"42.5\" r=\"9.5\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M172.542 44.7261C172.542 44.0425 172.625 43.498 172.791 43.0928C172.957 42.6875 173.259 42.2896 173.699 41.8989C174.143 41.5034 174.438 41.1836 174.585 40.9395C174.731 40.6904 174.805 40.4292 174.805 40.1558C174.805 39.3306 174.424 38.918 173.662 38.918C173.301 38.918 173.01 39.0303 172.791 39.2549C172.576 39.4746 172.463 39.7798 172.454 40.1704H170.33C170.339 39.2378 170.64 38.5078 171.23 37.9805C171.826 37.4531 172.637 37.1895 173.662 37.1895C174.697 37.1895 175.5 37.4409 176.072 37.9438C176.643 38.4419 176.929 39.1475 176.929 40.0605C176.929 40.4756 176.836 40.8687 176.65 41.2397C176.465 41.606 176.14 42.0137 175.676 42.4629L175.083 43.0269C174.712 43.3833 174.5 43.8008 174.446 44.2793L174.417 44.7261H172.542ZM172.329 46.9746C172.329 46.6475 172.439 46.3789 172.659 46.1689C172.883 45.9541 173.169 45.8467 173.516 45.8467C173.862 45.8467 174.146 45.9541 174.365 46.1689C174.59 46.3789 174.702 46.6475 174.702 46.9746C174.702 47.2969 174.592 47.563 174.373 47.7729C174.158 47.9829 173.872 48.0879 173.516 48.0879C173.159 48.0879 172.871 47.9829 172.651 47.7729C172.437 47.563 172.329 47.2969 172.329 46.9746Z\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"184.5\" cy=\"99.5\" r=\"9.5\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M183.542 101.726C183.542 101.042 183.625 100.498 183.791 100.093C183.957 99.6875 184.259 99.2896 184.699 98.8989C185.143 98.5034 185.438 98.1836 185.585 97.9395C185.731 97.6904 185.805 97.4292 185.805 97.1558C185.805 96.3306 185.424 95.918 184.662 95.918C184.301 95.918 184.01 96.0303 183.791 96.2549C183.576 96.4746 183.463 96.7798 183.454 97.1704H181.33C181.339 96.2378 181.64 95.5078 182.23 94.9805C182.826 94.4531 183.637 94.1895 184.662 94.1895C185.697 94.1895 186.5 94.4409 187.072 94.9438C187.643 95.4419 187.929 96.1475 187.929 97.0605C187.929 97.4756 187.836 97.8687 187.65 98.2397C187.465 98.606 187.14 99.0137 186.676 99.4629L186.083 100.027C185.712 100.383 185.5 100.801 185.446 101.279L185.417 101.726H183.542ZM183.329 103.975C183.329 103.647 183.439 103.379 183.659 103.169C183.883 102.954 184.169 102.847 184.516 102.847C184.862 102.847 185.146 102.954 185.365 103.169C185.59 103.379 185.702 103.647 185.702 103.975C185.702 104.297 185.592 104.563 185.373 104.773C185.158 104.983 184.872 105.088 184.516 105.088C184.159 105.088 183.871 104.983 183.651 104.773C183.437 104.563 183.329 104.297 183.329 103.975Z\" fill=\"white\"\u002F>\r\n\u003C\u002Fsvg>\r\n",{"id":155,"headline":156,"legacyHtml":157,"illustrationHtml":130},"6a15a1ebf13133005943e420","Review and Sign","\u003Cp>It is always important to read your document thoroughly to ensure it matches your needs and is free of errors and omissions.&nbsp;\u003C\u002Fp>\n\u003Cp>When signing the document, be sure to follow any additional instructions related to signing and witnessing the document. Any such instructions will either be located next to the signature line or in the instructions attached at the end of the document.\u003C\u002Fp>\n\u003Cp>If a notary or other witness is required, you must wait to sign the document until they are present.\u003C\u002Fp>",{"id":159,"headline":160,"legacyHtml":161,"illustrationHtml":162},"6a15a1ebf13133005943e421","Distribute and Store Copies","\u003Cp>At a minimum, all parties that sign the document should receive a copy once it is fully executed (everyone has signed). Other interested parties may need or want copies as well. Be sure that you store your copy in your corporate records. It is a good idea to keep both a physical and electronic copy.\u003C\u002Fp>","\u003Cp>Distribute and Store Questions\u003C\u002Fp>\u003Csvg width=\"279\" height=\"155\" viewBox=\"0 0 279 155\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M279 83C279 108.158 265.142 130.941 235.5 142C211.977 150.776 196.171 154.887 153.897 153.839C58.3536 151.471 4 132.416 4 87.2944C4 42.1724 88.5029 71.4279 168.759 18.8553C249.016 -33.7172 279 37.878 279 83Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Cpath d=\"M82.8806 53.7031C82.3942 51.888 83.4714 50.0224 85.2864 49.5361L162.374 28.8806C164.189 28.3943 166.054 29.4714 166.541 31.2864L192.66 128.766C193.147 130.581 192.069 132.447 190.254 132.933L113.167 153.588C111.352 154.075 109.486 152.998 109 151.183L82.8806 53.7031Z\" fill=\"white\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M162.55 29.5379L85.4625 50.1934C84.0105 50.5824 83.1488 52.0749 83.5379 53.5269L109.657 151.006C110.046 152.458 111.539 153.32 112.991 152.931L190.078 132.276C191.53 131.887 192.392 130.394 192.003 128.942L165.883 31.4625C165.494 30.0105 164.002 29.1488 162.55 29.5379ZM85.2864 49.5361C83.4714 50.0224 82.3942 51.888 82.8806 53.7031L109 151.183C109.486 152.998 111.352 154.075 113.167 153.588L190.254 132.933C192.069 132.447 193.147 130.581 192.66 128.766L166.541 31.2864C166.054 29.4714 164.189 28.3943 162.374 28.8806L85.2864 49.5361Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M155.933 124.922C155.933 124.922 155.337 117.27 158.132 120.728C160.927 124.185 162.16 124.913 162.502 123.09C162.844 121.268 168.595 124.133 168.395 121.447C168.194 118.761 170.19 120.946 171.341 120.626C172.491 120.305 174.287 119.804 174.287 119.804\" stroke=\"#009EFF\"\u002F>\r\n\u003Crect x=\"103.198\" y=\"77.2408\" width=\"58.4627\" height=\"0.541321\" rx=\"0.27066\" transform=\"rotate(-15 103.198 77.2408)\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M101.767 64.8452L102.582 64.6268L102.09 62.793L103.176 59.5363L102.249 59.7846L101.494 62.1709L99.6597 60.4785L98.7067 60.7339L101.281 63.0311L101.767 64.8452Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M105.971 63.8031C107.043 63.5161 107.611 62.4831 107.347 61.4972L107.343 61.4841C107.077 60.4916 106.079 59.8927 105.014 60.178C103.949 60.4633 103.381 61.4963 103.647 62.4887L103.65 62.5019C103.914 63.4878 104.913 64.0867 105.971 63.8031ZM105.799 63.1095C105.182 63.275 104.604 62.8803 104.442 62.2756L104.438 62.2625C104.276 61.6578 104.55 61.0491 105.187 60.8783C105.812 60.7109 106.388 61.0991 106.552 61.7103L106.555 61.7235C106.715 62.3216 106.444 62.9369 105.799 63.1095Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M109.836 62.7606C110.375 62.6162 110.621 62.2473 110.756 61.8587L110.901 62.3977L111.696 62.1846L110.766 58.7142L109.971 58.9273L110.496 60.886C110.64 61.4249 110.404 61.8333 109.944 61.9566C109.471 62.0834 109.119 61.8467 108.974 61.3077L108.446 59.3359L107.651 59.549L108.242 61.7574C108.459 62.5659 109.054 62.9702 109.836 62.7606Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M112.696 61.9167L113.491 61.7036L113.137 60.3825C112.891 59.4623 113.256 58.8785 113.952 58.6918L113.998 58.6794L113.773 57.8381C113.155 57.9756 112.849 58.438 112.771 59.0154L112.561 58.2332L111.766 58.4463L112.696 61.9167Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M118.834 60.3496C119.399 60.1981 119.683 59.812 119.843 59.3818L119.998 59.9602L120.793 59.7471L119.507 54.9491L118.712 55.1622L119.212 57.0288C118.876 56.7737 118.437 56.5813 117.865 56.7346C117.037 56.9565 116.429 57.8167 116.737 58.967L116.741 58.9801C117.049 60.1303 118.019 60.5679 118.834 60.3496ZM118.839 59.6083C118.301 59.7528 117.722 59.4357 117.543 58.7653L117.539 58.7521C117.354 58.062 117.695 57.5198 118.241 57.3736C118.773 57.231 119.364 57.5445 119.544 58.215L119.547 58.2281C119.725 58.8919 119.372 59.4657 118.839 59.6083Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M123.456 59.1182C124.527 58.8311 125.096 57.7982 124.831 56.8123L124.828 56.7991C124.562 55.8066 123.563 55.2078 122.498 55.4931C121.434 55.7784 120.865 56.8113 121.131 57.8038L121.135 57.8169C121.399 58.8029 122.397 59.4017 123.456 59.1182ZM123.284 58.4245C122.666 58.5901 122.088 58.1954 121.926 57.5907L121.923 57.5776C121.761 56.9729 122.034 56.3641 122.672 56.1933C123.296 56.026 123.872 56.4141 124.036 57.0254L124.04 57.0385C124.2 57.6366 123.928 58.2519 123.284 58.4245Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M127.729 57.973C128.406 57.7916 128.735 57.4147 128.975 56.9419L128.368 56.5972C128.187 56.9205 127.959 57.1719 127.584 57.2723C126.973 57.4361 126.412 57.0511 126.246 56.4332L126.243 56.4201C126.08 55.8154 126.367 55.2031 126.946 55.0482C127.347 54.9407 127.651 55.0495 127.962 55.2407L128.313 54.5762C127.896 54.3076 127.423 54.1736 126.766 54.3497C125.727 54.628 125.187 55.6604 125.451 56.6463L125.454 56.6595C125.718 57.6454 126.697 58.2495 127.729 57.973Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M131.075 57.0695C131.614 56.9251 131.86 56.5562 131.996 56.1677L132.14 56.7066L132.935 56.4935L132.006 53.0231L131.21 53.2362L131.735 55.1949C131.88 55.7339 131.644 56.1422 131.184 56.2655C130.71 56.3923 130.358 56.1556 130.214 55.6166L129.685 53.6448L128.89 53.8579L129.482 56.0663C129.699 56.8748 130.293 57.2791 131.075 57.0695Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M133.935 56.2256L134.731 56.0125L134.208 54.0604C134.063 53.5215 134.277 53.1118 134.718 52.9938C135.158 52.8758 135.502 53.1077 135.647 53.6467L136.177 55.6251L136.972 55.412L136.447 53.4533C136.297 52.8946 136.525 52.5095 136.959 52.3933C137.406 52.2735 137.742 52.5006 137.89 53.0527L138.418 55.0245L139.213 54.8114L138.62 52.5964C138.393 51.7485 137.804 51.392 137.048 51.5945C136.522 51.7354 136.219 52.0772 136.035 52.521C135.753 52.2023 135.339 52.0524 134.84 52.1863C134.307 52.3289 134.082 52.6991 133.942 53.0679L133.801 52.5421L133.005 52.7552L133.935 56.2256Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M141.792 54.2049C142.43 54.034 142.815 53.6562 143.038 53.1737L142.46 52.8847C142.256 53.2282 142.019 53.4467 141.631 53.5506C141.119 53.688 140.633 53.4799 140.396 52.9376L142.946 52.2543C142.932 52.1736 142.919 52.0996 142.9 52.0273C142.632 51.0282 141.841 50.3103 140.737 50.6062C139.744 50.8721 139.259 51.8756 139.525 52.8681L139.529 52.8812C139.816 53.9526 140.787 54.4743 141.792 54.2049ZM140.249 52.4135C140.177 51.8552 140.418 51.389 140.904 51.2586C141.43 51.1177 141.84 51.4377 142.03 51.9363L140.249 52.4135Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M144.147 53.4893L144.943 53.2762L144.418 51.3175C144.273 50.7786 144.509 50.3702 144.969 50.2469C145.443 50.1201 145.795 50.3568 145.939 50.8958L146.468 52.8676L147.263 52.6545L146.671 50.4461C146.455 49.6376 145.86 49.2333 145.078 49.4429C144.539 49.5873 144.293 49.9562 144.157 50.3448L144.013 49.8058L143.218 50.0189L144.147 53.4893Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M149.403 52.1446C149.698 52.0654 149.904 51.9397 150.071 51.7752L149.897 51.1245C149.76 51.2456 149.613 51.3273 149.436 51.3749C149.166 51.4471 148.975 51.3645 148.892 51.0555L148.436 49.3532L149.369 49.1031L149.186 48.4196L148.253 48.6696L147.998 47.7166L147.202 47.9297L147.458 48.8827L147.017 49.0007L147.2 49.6843L147.641 49.5663L148.13 51.3935C148.335 52.156 148.818 52.3013 149.403 52.1446Z\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"106\" y=\"87.6982\" width=\"58.4627\" height=\"0.541321\" rx=\"0.27066\" transform=\"rotate(-15 106 87.6982)\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"109.17\" y=\"99.5292\" width=\"58.4627\" height=\"0.541321\" rx=\"0.27066\" transform=\"rotate(-15 109.17 99.5292)\" fill=\"#E9F0FA\"\u002F>\r\n\u003Crect x=\"112.325\" y=\"111.301\" width=\"58.4627\" height=\"0.541321\" rx=\"0.27066\" transform=\"rotate(-15 112.325 111.301)\" fill=\"#FF4E4B\"\u002F>\r\n\u003Crect x=\"116.046\" y=\"125.527\" width=\"33.936\" height=\"0.541321\" rx=\"0.27066\" transform=\"rotate(-15 116.046 125.527)\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M0.529076 61.4431C0.236876 60.3526 0.88403 59.2317 1.97454 58.9395L48.2908 46.5291C49.3813 46.2369 50.5022 46.8841 50.7944 47.9746L66.4877 106.543C66.7799 107.633 66.1328 108.754 65.0423 109.047L18.726 121.457C17.6355 121.749 16.5146 121.102 16.2224 120.011L0.529076 61.4431Z\" fill=\"white\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M48.3966 46.924L2.08035 59.3344C1.20795 59.5682 0.690223 60.4649 0.923983 61.3373L16.6173 119.906C16.8511 120.778 17.7478 121.296 18.6202 121.062L64.9364 108.652C65.8089 108.418 66.3266 107.521 66.0928 106.649L50.3995 48.0804C50.1657 47.208 49.269 46.6902 48.3966 46.924ZM1.97454 58.9395C0.88403 59.2317 0.236876 60.3526 0.529076 61.4431L16.2224 120.011C16.5146 121.102 17.6355 121.749 18.726 121.457L65.0423 109.047C66.1328 108.754 66.7799 107.633 66.4877 106.543L50.7944 47.9746C50.5022 46.8841 49.3813 46.2369 48.2908 46.5291L1.97454 58.9395Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M44.4212 104.233C44.4212 104.233 44.0626 99.6361 45.742 101.713C47.4213 103.791 48.1623 104.228 48.3679 103.133C48.5734 102.038 52.0288 103.76 51.9082 102.146C51.7876 100.532 52.9871 101.845 53.6784 101.652C54.3697 101.459 55.4486 101.158 55.4486 101.158\" stroke=\"#009EFF\"\u002F>\r\n\u003Crect x=\"12.7365\" y=\"75.5852\" width=\"35.126\" height=\"0.32524\" rx=\"0.16262\" transform=\"rotate(-15 12.7365 75.5852)\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M11.8764 68.1376L12.3661 68.0064L12.0709 66.9046L12.7232 64.9479L12.1664 65.0971L11.7125 66.5308L10.6105 65.514L10.0378 65.6674L11.5843 67.0477L11.8764 68.1376Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M14.4026 67.5115C15.0463 67.339 15.3879 66.7184 15.2291 66.1261L15.227 66.1182C15.0673 65.5219 14.4672 65.162 13.8274 65.3335C13.1877 65.5049 12.846 66.1255 13.0058 66.7218L13.0079 66.7297C13.1667 67.3221 13.7668 67.6819 14.4026 67.5115ZM14.2993 67.0947C13.9281 67.1942 13.581 66.9571 13.4837 66.5938L13.4815 66.5859C13.3842 66.2226 13.5486 65.8568 13.9317 65.7542C14.3068 65.6537 14.6529 65.8868 14.7513 66.2541L14.7534 66.262C14.8497 66.6214 14.6864 66.991 14.2993 67.0947Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M16.7244 66.8851C17.0483 66.7984 17.1963 66.5767 17.2776 66.3433L17.3644 66.6671L17.8422 66.5391L17.2835 64.454L16.8057 64.582L17.121 65.7588C17.2078 66.0826 17.0661 66.328 16.7897 66.4021C16.5054 66.4782 16.2937 66.336 16.207 66.0122L15.8895 64.8275L15.4117 64.9555L15.7672 66.2824C15.8974 66.7681 16.2545 67.0111 16.7244 66.8851Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M18.443 66.3781L18.9208 66.2501L18.7081 65.4563C18.56 64.9034 18.7792 64.5526 19.1978 64.4405L19.2254 64.4331L19.09 63.9276C18.7185 64.0102 18.5347 64.288 18.488 64.6349L18.3621 64.165L17.8843 64.293L18.443 66.3781Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M22.1308 65.4365C22.4704 65.3455 22.641 65.1136 22.7368 64.8551L22.8299 65.2026L23.3078 65.0746L22.5353 62.1918L22.0575 62.3198L22.358 63.4413C22.1561 63.288 21.8923 63.1725 21.5488 63.2645C21.0512 63.3979 20.686 63.9147 20.8712 64.6058L20.8733 64.6137C21.0585 65.3048 21.6411 65.5677 22.1308 65.4365ZM22.1342 64.9912C21.8103 65.0779 21.463 64.8874 21.3551 64.4846L21.353 64.4767C21.2419 64.0621 21.4466 63.7363 21.7744 63.6485C22.0943 63.5628 22.4495 63.7512 22.5574 64.154L22.5596 64.1619C22.6664 64.5607 22.454 64.9055 22.1342 64.9912Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M24.9077 64.6967C25.5514 64.5242 25.893 63.9036 25.7343 63.3112L25.7322 63.3033C25.5724 62.707 24.9723 62.3472 24.3326 62.5186C23.6928 62.69 23.3512 63.3106 23.511 63.907L23.5131 63.9149C23.6718 64.5072 24.2719 64.867 24.9077 64.6967ZM24.8045 64.2799C24.4333 64.3794 24.0862 64.1422 23.9888 63.7789L23.9867 63.771C23.8893 63.4077 24.0538 63.042 24.4368 62.9393C24.812 62.8388 25.158 63.072 25.2565 63.4393L25.2586 63.4472C25.3549 63.8065 25.1915 64.1762 24.8045 64.2799Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M27.4755 64.0086C27.8822 63.8996 28.0798 63.6732 28.2237 63.3891L27.8593 63.182C27.7505 63.3762 27.6132 63.5273 27.3881 63.5876C27.0208 63.686 26.6837 63.4547 26.5842 63.0835L26.5821 63.0756C26.4848 62.7123 26.6571 62.3444 27.0046 62.2513C27.2455 62.1867 27.4281 62.2521 27.6155 62.367L27.8259 61.9677C27.5753 61.8063 27.2913 61.7258 26.8964 61.8316C26.2724 61.9988 25.9477 62.6192 26.1064 63.2115L26.1085 63.2194C26.2672 63.8118 26.8555 64.1748 27.4755 64.0086Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M29.4857 63.4658C29.8095 63.379 29.9575 63.1574 30.0388 62.9239L30.1256 63.2477L30.6034 63.1197L30.0447 61.0346L29.5669 61.1626L29.8822 62.3395C29.969 62.6633 29.8273 62.9086 29.5509 62.9827C29.2666 63.0589 29.0549 62.9167 28.9682 62.5928L28.6507 61.4081L28.1729 61.5362L28.5284 62.863C28.6586 63.3488 29.0157 63.5917 29.4857 63.4658Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M31.2042 62.9587L31.682 62.8307L31.3677 61.6578C31.281 61.334 31.4097 61.0879 31.6743 61.017C31.9389 60.9461 32.1455 61.0854 32.2323 61.4092L32.5508 62.5979L33.0286 62.4699L32.7133 61.2931C32.6234 60.9574 32.7603 60.726 33.0209 60.6562C33.2895 60.5842 33.4911 60.7206 33.58 61.0524L33.8974 62.2371L34.3753 62.1091L34.0187 60.7782C33.8822 60.2688 33.5285 60.0546 33.0743 60.1763C32.7584 60.2609 32.5764 60.4663 32.4659 60.7329C32.296 60.5414 32.0476 60.4514 31.7475 60.5318C31.4276 60.6175 31.2925 60.8399 31.208 61.0615L31.1233 60.7456L30.6455 60.8736L31.2042 62.9587Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M35.9249 61.7446C36.308 61.642 36.5392 61.4149 36.6732 61.1251L36.3261 60.9514C36.2036 61.1578 36.0611 61.2891 35.8281 61.3515C35.52 61.4341 35.2284 61.3091 35.086 60.9832L36.6183 60.5726C36.6095 60.5242 36.6018 60.4797 36.5902 60.4363C36.4293 59.836 35.954 59.4047 35.2905 59.5824C34.6942 59.7422 34.4029 60.3451 34.5627 60.9414L34.5648 60.9493C34.7373 61.593 35.3207 61.9065 35.9249 61.7446ZM34.9974 60.6683C34.9541 60.3329 35.0991 60.0527 35.3914 59.9744C35.7073 59.8898 35.9535 60.082 36.0676 60.3816L34.9974 60.6683Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M37.3399 61.3147L37.8177 61.1866L37.5024 60.0098C37.4156 59.686 37.5573 59.4406 37.8337 59.3666C38.118 59.2904 38.3297 59.4326 38.4165 59.7564L38.7339 60.9412L39.2117 60.8131L38.8562 59.4862C38.726 59.0005 38.3689 58.7576 37.899 58.8835C37.5751 58.9703 37.4271 59.1919 37.3458 59.4254L37.259 59.1015L36.7812 59.2296L37.3399 61.3147Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M40.4973 60.5068C40.675 60.4591 40.7987 60.3837 40.8992 60.2848L40.7944 59.8938C40.7123 59.9666 40.6239 60.0157 40.5173 60.0443C40.3554 60.0877 40.2405 60.038 40.1907 59.8524L39.9167 58.8296L40.4774 58.6794L40.3674 58.2687L39.8066 58.4189L39.6532 57.8463L39.1754 57.9743L39.3288 58.5469L39.0642 58.6178L39.1742 59.0285L39.4388 58.9576L39.733 60.0555C39.8558 60.5136 40.1458 60.6009 40.4973 60.5068Z\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"14.4201\" y=\"81.8683\" width=\"35.126\" height=\"0.32524\" rx=\"0.16262\" transform=\"rotate(-15 14.4201 81.8683)\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"16.3248\" y=\"88.9767\" width=\"35.126\" height=\"0.32524\" rx=\"0.16262\" transform=\"rotate(-15 16.3248 88.9767)\" fill=\"#E9F0FA\"\u002F>\r\n\u003Crect x=\"18.22\" y=\"96.0497\" width=\"35.126\" height=\"0.32524\" rx=\"0.16262\" transform=\"rotate(-15 18.22 96.0497)\" fill=\"#FF4E4B\"\u002F>\r\n\u003Crect x=\"20.4556\" y=\"104.597\" width=\"20.3897\" height=\"0.32524\" rx=\"0.16262\" transform=\"rotate(-15 20.4556 104.597)\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M189.709 35.7065C189.318 34.2443 190.185 32.7414 191.648 32.3496L253.749 15.7094C255.212 15.3176 256.715 16.1853 257.106 17.6475L278.148 96.1775C278.54 97.6397 277.672 99.1426 276.21 99.5344L214.108 116.175C212.646 116.566 211.143 115.699 210.751 114.236L189.709 35.7065Z\" fill=\"white\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M253.891 16.2389L191.789 32.8791C190.62 33.1925 189.925 34.3948 190.239 35.5646L211.281 114.095C211.594 115.264 212.797 115.958 213.966 115.645L276.068 99.0049C277.238 98.6914 277.932 97.4891 277.619 96.3194L256.577 17.7894C256.263 16.6196 255.061 15.9255 253.891 16.2389ZM191.648 32.3496C190.185 32.7414 189.318 34.2443 189.709 35.7065L210.751 114.236C211.143 115.699 212.646 116.566 214.108 116.175L276.21 99.5344C277.672 99.1426 278.54 97.6396 278.148 96.1775L257.106 17.6475C256.715 16.1853 255.212 15.3176 253.749 15.7094L191.648 32.3496Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M248.561 93.0808C248.561 93.0808 248.08 86.9165 250.332 89.7018C252.584 92.4871 253.577 93.0735 253.853 91.6052C254.129 90.1368 258.762 92.4454 258.6 90.2814C258.438 88.1174 260.046 89.878 260.973 89.6195C261.9 89.3611 263.347 88.9577 263.347 88.9577\" stroke=\"#009EFF\"\u002F>\r\n\u003Crect x=\"206.077\" y=\"54.6685\" width=\"47.0978\" height=\"0.436091\" rx=\"0.218045\" transform=\"rotate(-15 206.077 54.6685)\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M204.924 44.6826L205.581 44.5067L205.185 43.0294L206.06 40.4057L205.313 40.6058L204.704 42.5282L203.227 41.1648L202.459 41.3705L204.533 43.2212L204.924 44.6826Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M208.311 43.8431C209.174 43.6119 209.632 42.7797 209.42 41.9855L209.417 41.9749C209.203 41.1753 208.398 40.6929 207.54 40.9227C206.682 41.1526 206.224 41.9847 206.439 42.7843L206.441 42.7949C206.654 43.5891 207.459 44.0716 208.311 43.8431ZM208.173 43.2843C207.675 43.4177 207.21 43.0997 207.079 42.6126L207.076 42.602C206.946 42.1149 207.166 41.6245 207.68 41.4868C208.183 41.3521 208.647 41.6647 208.779 42.1572L208.782 42.1677C208.911 42.6496 208.692 43.1453 208.173 43.2843Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M211.425 43.0033C211.859 42.8869 212.057 42.5897 212.166 42.2767L212.283 42.7109L212.923 42.5392L212.174 39.7435L211.534 39.9151L211.956 41.4931C212.073 41.9273 211.883 42.2562 211.512 42.3555C211.131 42.4577 210.847 42.267 210.731 41.8328L210.305 40.2443L209.664 40.416L210.141 42.1951C210.316 42.8464 210.794 43.1721 211.425 43.0033Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M213.729 42.3234L214.369 42.1517L214.084 41.0874C213.886 40.3461 214.18 39.8758 214.741 39.7254L214.778 39.7155L214.596 39.0377C214.098 39.1485 213.852 39.521 213.789 39.9861L213.62 39.356L212.98 39.5276L213.729 42.3234Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M218.673 41.0609C219.129 40.9389 219.358 40.6279 219.486 40.2813L219.611 40.7473L220.252 40.5756L219.216 36.7103L218.575 36.8819L218.978 38.3857C218.707 38.1802 218.354 38.0252 217.893 38.1487C217.226 38.3274 216.736 39.0205 216.985 39.9471L216.987 39.9577C217.236 40.8843 218.017 41.2368 218.673 41.0609ZM218.678 40.4638C218.244 40.5801 217.778 40.3247 217.633 39.7846L217.631 39.774C217.482 39.218 217.756 38.7813 218.196 38.6635C218.625 38.5486 219.101 38.8012 219.246 39.3413L219.248 39.3519C219.392 39.8867 219.107 40.3489 218.678 40.4638Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M222.397 40.0689C223.26 39.8376 223.718 39.0055 223.505 38.2113L223.502 38.2007C223.288 37.4011 222.484 36.9187 221.626 37.1485C220.768 37.3784 220.31 38.2105 220.524 39.01L220.527 39.0206C220.74 39.8149 221.544 40.2973 222.397 40.0689ZM222.258 39.5101C221.761 39.6435 221.295 39.3255 221.165 38.8384L221.162 38.8278C221.031 38.3406 221.252 37.8503 221.766 37.7126C222.269 37.5778 222.733 37.8905 222.865 38.3829L222.867 38.3935C222.996 38.8754 222.777 39.3711 222.258 39.5101Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M225.84 39.1464C226.385 39.0002 226.65 38.6966 226.843 38.3157L226.354 38.038C226.209 38.2985 226.024 38.501 225.723 38.5819C225.23 38.7138 224.778 38.4036 224.645 37.9059L224.642 37.8953C224.511 37.4082 224.743 36.9149 225.208 36.7901C225.531 36.7035 225.776 36.7912 226.028 36.9452L226.31 36.4099C225.974 36.1935 225.593 36.0855 225.063 36.2274C224.227 36.4516 223.791 37.2833 224.004 38.0776L224.007 38.0882C224.22 38.8824 225.009 39.3691 225.84 39.1464Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M228.535 38.4185C228.969 38.3022 229.168 38.005 229.277 37.692L229.393 38.1262L230.034 37.9545L229.285 35.1587L228.644 35.3304L229.067 36.9083C229.183 37.3425 228.993 37.6715 228.623 37.7708C228.241 37.8729 227.958 37.6822 227.841 37.2481L227.416 35.6595L226.775 35.8312L227.252 37.6103C227.426 38.2616 227.905 38.5873 228.535 38.4185Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M230.839 37.7387L231.48 37.567L231.059 35.9944C230.942 35.5602 231.115 35.2302 231.47 35.1351C231.824 35.04 232.102 35.2269 232.218 35.661L232.645 37.2548L233.286 37.0832L232.863 35.5053C232.742 35.0552 232.926 34.7449 233.275 34.6513C233.635 34.5548 233.906 34.7378 234.025 35.1825L234.451 36.771L235.091 36.5994L234.613 34.8149C234.43 34.1319 233.956 33.8447 233.347 34.0078C232.923 34.1213 232.679 34.3967 232.531 34.7542C232.303 34.4974 231.97 34.3767 231.568 34.4845C231.139 34.5995 230.958 34.8977 230.844 35.1948L230.731 34.7712L230.09 34.9429L230.839 37.7387Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M237.169 36.1107C237.683 35.9731 237.993 35.6687 238.172 35.2801L237.707 35.0472C237.543 35.3239 237.352 35.5 237.039 35.5837C236.626 35.6943 236.235 35.5267 236.044 35.0898L238.099 34.5393C238.087 34.4743 238.077 34.4147 238.061 34.3564C237.845 33.5516 237.208 32.9733 236.318 33.2116C235.519 33.4258 235.128 34.2342 235.343 35.0338L235.345 35.0444C235.577 35.9075 236.359 36.3278 237.169 36.1107ZM235.925 34.6676C235.867 34.2178 236.062 33.8422 236.454 33.7372C236.877 33.6237 237.207 33.8815 237.36 34.2831L235.925 34.6676Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M239.066 35.5343L239.707 35.3626L239.284 33.7847C239.168 33.3505 239.358 33.0215 239.728 32.9222C240.11 32.82 240.393 33.0107 240.51 33.4449L240.935 35.0334L241.576 34.8618L241.099 33.0826C240.925 32.4313 240.446 32.1056 239.816 32.2745C239.382 32.3908 239.183 32.688 239.074 33.001L238.958 32.5668L238.317 32.7385L239.066 35.5343Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M243.3 34.451C243.538 34.3871 243.704 34.2859 243.839 34.1534L243.698 33.6292C243.588 33.7267 243.47 33.7926 243.327 33.8309C243.109 33.889 242.955 33.8225 242.889 33.5736L242.521 32.2022L243.273 32.0007L243.126 31.4501L242.374 31.6515L242.168 30.8838L241.527 31.0554L241.733 31.8232L241.378 31.9183L241.526 32.4689L241.881 32.3739L242.275 33.8459C242.44 34.4601 242.829 34.5772 243.3 34.451Z\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"208.335\" y=\"63.0931\" width=\"47.0978\" height=\"0.436091\" rx=\"0.218045\" transform=\"rotate(-15 208.335 63.0931)\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"210.889\" y=\"72.6241\" width=\"47.0978\" height=\"0.436091\" rx=\"0.218045\" transform=\"rotate(-15 210.889 72.6241)\" fill=\"#E9F0FA\"\u002F>\r\n\u003Crect x=\"213.43\" y=\"82.1079\" width=\"47.0978\" height=\"0.436091\" rx=\"0.218045\" transform=\"rotate(-15 213.43 82.1079)\" fill=\"#FF4E4B\"\u002F>\r\n\u003Crect x=\"216.427\" y=\"93.568\" width=\"27.339\" height=\"0.436091\" rx=\"0.218045\" transform=\"rotate(-15 216.427 93.568)\" fill=\"#009EFF\"\u002F>\r\n\u003Ccircle cx=\"64\" cy=\"108\" r=\"9\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M69.1649 106.938H68.3333V106.094C68.3333 105.628 67.9601 105.25 67.5 105.25H64.7222L63.6111 104.125H60.8333C60.3733 104.125 60 104.503 60 104.969V110.031C60 110.497 60.3733 110.875 60.8333 110.875H67.7778C68.0642 110.875 68.3316 110.726 68.4844 110.478L69.8715 108.228C70.2188 107.667 69.8194 106.938 69.1649 106.938V106.938ZM60.8333 105.074C60.8333 105.016 60.8802 104.969 60.9375 104.969H63.2656L64.3767 106.094H67.3958C67.4531 106.094 67.5 106.141 67.5 106.199V106.938H62.6389C62.3472 106.938 62.0764 107.092 61.9253 107.345L60.8333 109.177V105.074ZM67.7778 110.031H61.25L62.5903 107.781H69.1667L67.7778 110.031Z\" fill=\"white\"\u002F>\r\n\u003C\u002Fsvg>\r\n",{"id":164,"headline":165,"legacyHtml":166,"illustrationHtml":167},"6a15a1ebf13133005943e422","Periodically Review and Update","\u003Cp>It is easy to forget the ins and outs of your shareholder agreement. Periodically reviewing it will help you stay familiar with any responsibilities or requirements so that you can determine when it needs changes or additions. As your policies change or new laws pass, you will need to update your agreement.\u003C\u002Fp>","\u003Cp>Review and Update\u003C\u002Fp>\u003Csvg width=\"326\" height=\"191\" viewBox=\"0 0 326 191\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M275 101C275 126.158 261.142 148.941 231.5 160C207.977 168.776 192.171 172.887 149.897 171.839C54.3536 169.471 0 150.416 0 105.294C0 60.1724 84.5029 89.4279 164.759 36.8553C245.016 -15.7172 275 55.878 275 101Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Crect opacity=\"0.8\" x=\"48.4277\" y=\"17.793\" width=\"127.101\" height=\"158.276\" rx=\"5\" transform=\"rotate(-7.93862 48.4277 17.793)\" fill=\"white\"\u002F>\r\n\u003Crect opacity=\"0.39\" x=\"31\" y=\"37.8726\" width=\"127.1\" height=\"158.276\" rx=\"5\" transform=\"rotate(-15.6119 31 37.8726)\" fill=\"white\"\u002F>\r\n\u003Cpath d=\"M68.3887 5.00001C68.3887 2.23858 70.6272 0 73.3887 0H190.673C193.434 0 195.673 2.23858 195.673 5V153.309C195.673 156.071 193.434 158.309 190.673 158.309H73.3887C70.6272 158.309 68.3887 156.071 68.3887 153.309V5.00001Z\" fill=\"white\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M190.673 1H73.3887C71.1795 1 69.3887 2.79087 69.3887 5.00001V153.309C69.3887 155.518 71.1795 157.309 73.3887 157.309H190.673C192.882 157.309 194.673 155.518 194.673 153.309V5C194.673 2.79086 192.882 1 190.673 1ZM73.3887 0C70.6272 0 68.3887 2.23858 68.3887 5.00001V153.309C68.3887 156.071 70.6272 158.309 73.3887 158.309H190.673C193.434 158.309 195.673 156.071 195.673 153.309V5C195.673 2.23858 193.434 0 190.673 0H73.3887Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M185.5 77.5C187 72.3333 193.3 62 206.5 62\" stroke=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M145 133.883C145 133.883 147.063 122.795 149.716 128.766C152.368 134.736 153.842 136.239 155.021 133.782C156.2 131.325 163.274 137.58 164.011 133.69C164.747 129.801 166.75 133.663 168.505 133.645C170.261 133.627 173 133.599 173 133.599\" stroke=\"#009EFF\"\u002F>\r\n\u003Crect x=\"88.2773\" y=\"46.1404\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M90.96 28H92.2V25.21L94.98 21H93.57L91.59 24.1L89.63 21H88.18L90.96 25.24V28Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M97.3247 28.12C98.9547 28.12 100.155 26.87 100.155 25.37V25.35C100.155 23.84 98.9647 22.61 97.3447 22.61C95.7247 22.61 94.5247 23.86 94.5247 25.37V25.39C94.5247 26.89 95.7147 28.12 97.3247 28.12ZM97.3447 27.07C96.4047 27.07 95.7347 26.29 95.7347 25.37V25.35C95.7347 24.43 96.3547 23.67 97.3247 23.67C98.2747 23.67 98.9447 24.44 98.9447 25.37V25.39C98.9447 26.3 98.3247 27.07 97.3447 27.07Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M103.207 28.11C104.027 28.11 104.517 27.68 104.857 27.18V28H106.067V22.72H104.857V25.7C104.857 26.52 104.367 27.01 103.667 27.01C102.947 27.01 102.537 26.54 102.537 25.72V22.72H101.327V26.08C101.327 27.31 102.017 28.11 103.207 28.11Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M107.588 28H108.798V25.99C108.798 24.59 109.538 23.9 110.598 23.9H110.668V22.62C109.738 22.58 109.128 23.12 108.798 23.91V22.72H107.588V28Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M116.897 28.11C117.757 28.11 118.307 27.67 118.697 27.12V28H119.907V20.7H118.697V23.54C118.317 23.05 117.767 22.61 116.897 22.61C115.637 22.61 114.447 23.6 114.447 25.35V25.37C114.447 27.12 115.657 28.11 116.897 28.11ZM117.187 27.06C116.367 27.06 115.667 26.39 115.667 25.37V25.35C115.667 24.3 116.357 23.66 117.187 23.66C117.997 23.66 118.717 24.33 118.717 25.35V25.37C118.717 26.38 117.997 27.06 117.187 27.06Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M123.926 28.12C125.556 28.12 126.756 26.87 126.756 25.37V25.35C126.756 23.84 125.566 22.61 123.946 22.61C122.326 22.61 121.126 23.86 121.126 25.37V25.39C121.126 26.89 122.316 28.12 123.926 28.12ZM123.946 27.07C123.006 27.07 122.336 26.29 122.336 25.37V25.35C122.336 24.43 122.956 23.67 123.926 23.67C124.876 23.67 125.546 24.44 125.546 25.37V25.39C125.546 26.3 124.926 27.07 123.946 27.07Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M130.429 28.12C131.459 28.12 132.069 27.71 132.589 27.13L131.859 26.41C131.479 26.8 131.059 27.07 130.489 27.07C129.559 27.07 128.909 26.31 128.909 25.37V25.35C128.909 24.43 129.549 23.67 130.429 23.67C131.039 23.67 131.429 23.94 131.799 24.33L132.549 23.52C132.059 22.98 131.439 22.61 130.439 22.61C128.859 22.61 127.699 23.87 127.699 25.37V25.39C127.699 26.89 128.859 28.12 130.429 28.12Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M135.521 28.11C136.341 28.11 136.831 27.68 137.171 27.18V28H138.381V22.72H137.171V25.7C137.171 26.52 136.681 27.01 135.981 27.01C135.261 27.01 134.851 26.54 134.851 25.72V22.72H133.641V26.08C133.641 27.31 134.331 28.11 135.521 28.11Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M139.903 28H141.113V25.03C141.113 24.21 141.573 23.71 142.243 23.71C142.913 23.71 143.313 24.17 143.313 24.99V28H144.523V25.02C144.523 24.17 144.993 23.71 145.653 23.71C146.333 23.71 146.723 24.16 146.723 25V28H147.933V24.63C147.933 23.34 147.233 22.61 146.083 22.61C145.283 22.61 144.723 22.98 144.293 23.54C144.013 22.98 143.483 22.61 142.723 22.61C141.913 22.61 141.453 23.05 141.113 23.52V22.72H139.903V28Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M151.825 28.12C152.795 28.12 153.485 27.73 153.985 27.13L153.275 26.5C152.855 26.91 152.435 27.13 151.845 27.13C151.065 27.13 150.455 26.65 150.325 25.79H154.205C154.215 25.67 154.225 25.56 154.225 25.45C154.225 23.93 153.375 22.61 151.695 22.61C150.185 22.61 149.115 23.85 149.115 25.36V25.38C149.115 27.01 150.295 28.12 151.825 28.12ZM150.315 24.99C150.425 24.17 150.945 23.6 151.685 23.6C152.485 23.6 152.945 24.21 153.025 24.99H150.315Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M155.44 28H156.65V25.02C156.65 24.2 157.14 23.71 157.84 23.71C158.56 23.71 158.97 24.18 158.97 25V28H160.18V24.64C160.18 23.41 159.49 22.61 158.3 22.61C157.48 22.61 156.99 23.04 156.65 23.54V22.72H155.44V28Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M163.411 28.09C163.861 28.09 164.201 27.99 164.501 27.82V26.83C164.261 26.95 164.021 27.01 163.751 27.01C163.341 27.01 163.101 26.82 163.101 26.35V23.76H164.521V22.72H163.101V21.27H161.891V22.72H161.221V23.76H161.891V26.54C161.891 27.7 162.521 28.09 163.411 28.09Z\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"88.2773\" y=\"62.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"88.2773\" y=\"80.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#E9F0FA\"\u002F>\r\n\u003Crect x=\"88.2773\" y=\"97.9614\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#FF4E4B\"\u002F>\r\n\u003Crect x=\"88.1484\" y=\"119.57\" width=\"49.8723\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M240.808 107.109L243.066 104L243.225 107.727L224.13 180.314C223.954 180.98 223.272 181.378 222.606 181.203C221.94 181.027 221.542 180.345 221.717 179.679L240.808 107.109Z\" fill=\"#009EFF\" stroke=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M228.329 163.874L228.782 163.993C229.316 164.134 229.635 164.681 229.494 165.215L225.958 178.635C225.818 179.169 225.271 179.488 224.737 179.347L224.283 179.228L228.329 163.874Z\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"215\" y=\"41\" width=\"111\" height=\"35\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Crect x=\"227.277\" y=\"53.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"227.277\" y=\"63.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M184.747 74.1382C184.697 73.905 184.467 73.7542 184.234 73.8014C184 73.8486 183.851 74.0759 183.9 74.3091L184.709 78.1096L188.518 77.3404C188.751 77.2932 188.901 77.0659 188.851 76.8327C188.801 76.5995 188.572 76.4487 188.338 76.4959L185.376 77.0941L184.747 74.1382Z\" fill=\"#009EFF\"\u002F>\r\n\u003C\u002Fsvg>\r\n",{"id":169,"headline":170,"legacyHtml":171,"illustrationHtml":172},"6a15a1ebf13133005943e423","Complete Related Documents","\u003Cp>Completing documents such as\u003Cspan>&nbsp;\u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fcategories\u002Fbusiness-formation\u002Fcorporate-bylaws\" target=\"_blank\" rel=\"noopener\">corporate bylaws\u003C\u002Fa>\u003Cspan>&nbsp;\u003C\u002Fspan>and\u003Cspan>&nbsp;\u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fcategories\u002Fbusiness-formation\u002Fmeeting_minutes\" target=\"_blank\" rel=\"noopener\">meeting minutes\u003C\u002Fa>\u003Cspan>&nbsp;\u003C\u002Fspan>will offer additional protection, as both are required for corporations in most states.\u003C\u002Fp>","\u003Cp>Approved\u003C\u002Fp>\r\n\u003Csvg width=\"281\" height=\"191\" viewBox=\"0 0 281 191\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M275 113C275 138.158 261.142 160.941 231.5 172C207.977 180.776 192.171 184.887 149.897 183.839C54.3536 181.471 0 162.416 0 117.294C0 72.1724 84.5029 101.428 164.759 48.8553C245.016 -3.71725 275 67.878 275 113Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Cpath d=\"M69.3887 5.00001C69.3887 2.23858 71.6272 0 74.3887 0H191.673C194.434 0 196.673 2.23858 196.673 5V153.309C196.673 156.071 194.434 158.309 191.673 158.309H74.3887C71.6272 158.309 69.3887 156.071 69.3887 153.309V5.00001Z\" fill=\"white\"\u002F>\r\n\u003Crect opacity=\"0.8\" x=\"49.4277\" y=\"17.793\" width=\"127.101\" height=\"158.276\" rx=\"5\" transform=\"rotate(-7.93862 49.4277 17.793)\" fill=\"white\"\u002F>\r\n\u003Crect opacity=\"0.39\" x=\"32\" y=\"37.8726\" width=\"127.1\" height=\"158.276\" rx=\"5\" transform=\"rotate(-15.6119 32 37.8726)\" fill=\"white\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M191.673 1H74.3887C72.1795 1 70.3887 2.79087 70.3887 5.00001V153.309C70.3887 155.518 72.1795 157.309 74.3887 157.309H191.673C193.882 157.309 195.673 155.518 195.673 153.309V5C195.673 2.79086 193.882 1 191.673 1ZM74.3887 0C71.6272 0 69.3887 2.23858 69.3887 5.00001V153.309C69.3887 156.071 71.6272 158.309 74.3887 158.309H191.673C194.434 158.309 196.673 156.071 196.673 153.309V5C196.673 2.23858 194.434 0 191.673 0H74.3887Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M146 125.883C146 125.883 148.063 114.795 150.716 120.766C153.368 126.736 154.842 128.239 156.021 125.782C157.2 123.325 164.274 129.58 165.011 125.69C165.747 121.801 167.75 125.663 169.505 125.645C171.261 125.627 174 125.599 174 125.599\" stroke=\"#009EFF\"\u002F>\r\n\u003Crect x=\"89.2773\" y=\"46.1404\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"89.2773\" y=\"62.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"89.2773\" y=\"77.9614\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"89.1484\" y=\"99.5703\" width=\"49.8723\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"89\" y=\"27\" width=\"50\" height=\"3\" rx=\"1.5\" fill=\"#009EFF\"\u002F>\r\n\u003Ccircle cx=\"216\" cy=\"136\" r=\"39\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M211.873 137.444L229.956 123.025C231.685 121.383 234.936 121.449 236.737 123.025C238.538 124.6 238.466 127.563 236.737 129.205L213.151 152.654C212.461 153.339 211.335 153.293 210.704 152.554L196.051 135.384C194.322 133.743 194.25 130.78 196.051 129.205C197.852 127.629 201.103 127.563 202.832 129.205L211.873 137.444Z\" fill=\"white\"\u002F>\r\n\u003C\u002Fsvg>","illustrated-steps",{"hideOnMobile":116,"hideOnDesktop":116},{"id":176,"headline":91,"description":177,"body":178,"buttonText":81,"buttonLink":81,"blockName":81,"blockType":179,"visibility":180},"6a15a1ebf13133005943e425","Use our shareholder agreement to create an arrangement between a company's shareholders that clearly defines their ownership rights and obligations.","\u003Cp>A shareholder agreement is essentially an arrangement between all the company's shareholders on how they will manage the company business. The shareholders can customize their agreement to suit the company's individual needs. The arrangement could include, for example:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>agreeing to appoint one shareholder to make most of the business decisions;\u003C\u002Fli>\n\u003Cli>agreeing that the company cannot issue dividend distributions unless approved by two-thirds of all shareholders; or\u003C\u002Fli>\n\u003Cli>agreeing that certain shareholders will hold particular officer or board of director positions.\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>The provisions within this shareholder agreement capture all issues of major concern to most shareholders, treating them fairly regardless of their ownership percentage, and aims to clarify and streamline the decision-making process.\u003C\u002Fp>\n\u003Ch4>Corporation Information\u003C\u002Fh4>\n\u003Cp>When adding the company name and address, enter them exactly as they appear on your \u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fcategories\u002Fbusiness-formation\u002Farticles-of-incorporation\" target=\"_blank\" rel=\"noopener\">articles of incorporation\u003C\u002Fa> filed, or to be filed, with the state.\u003C\u002Fp>\n\u003Ch4>Shareholder Information\u003C\u002Fh4>\n\u003Cp>Enter each shareholder's name and address, and identify whether the shareholder is an individual or business entity. Shareholder information is necessary to identify the shareholders and create an official record of where to send shareholder notices on important company issues that require the shareholders' approval or decision. This information will appear in Exhibit A: Schedule of Shareholders.\u003C\u002Fp>\n\u003Ch4>Classes of Shares and Number of Shares\u003C\u002Fh4>\n\u003Cp>Enter each shareholder's ownership in the company by identifying the types of share classes and the number of shares per class owned. This information is necessary to establish voting rights and to calculate the company's value per share. The percentage breakdown will appear in Exhibit A: Schedule of Shareholders.\u003C\u002Fp>\n\u003Cp>When completing the classes of shares for the company, it is helpful to double check that your company's share structure is in line with your corporation status (C corporation or S corporation). For example, some particular features of an S corporation include the following:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>No shareholder may be a business entity\u003C\u002Fli>\n\u003Cli>The shareholders can report their taxes on a personal tax return\u003C\u002Fli>\n\u003Cli>There are limits to the number of shareholders an S corporation may have\u003C\u002Fli>\n\u003Cli>The S corporation shares, regardless of class types, must all have the same profit-sharing and loss-sharing terms\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>If you have any questions about the structure of classes of shares for your company, consult an attorney for an evaluation of your company's structure to ensure appropriate compliance.\u003C\u002Fp>\n\u003Ch4>Proxy\u003C\u002Fh4>\n\u003Cp>A proxy, if allowed, is a person or entity who represents a shareholder at a shareholders' meeting. The proxy acts according to the instruction of the shareholder he or she represents. Allowing proxies helps the shareholders reach the requisite number of shareholders required for meetings to proceed (called \"meeting quorum\") and allows the shareholders the ability to participate when they are unavailable during the time set for shareholders' meetings.\u003C\u002Fp>\n\u003Ch4>Board of Directors\u003C\u002Fh4>\n\u003Cp>The shareholders can agree to fill the board of director positions through various methods. The most common ones are as follows:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Each Shareholder Appoints One Director.\u003C\u002Fstrong> Each shareholder can name any competent person to be a director on the company's board of directors. The shareholder may also appoint his or herself or a third party.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Each Shareholder Becomes a Director.\u003C\u002Fstrong> Each shareholder automatically becomes a director within the board of directors. This option requires no election of appointment formality. It often enables each shareholder to become more actively involved in the management of the business.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>By Shareholder Election.\u003C\u002Fstrong> Shareholders elect the board of directors according to the rules and procedures in the company's bylaws. There are no special arrangements between shareholders that change the election of the company's board of directors.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Do Not Specify.\u003C\u002Fstrong> This is an option if the shareholders do not want to include a section within their shareholder agreement on how to fill the board of directors' positions.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Other.\u003C\u002Fstrong> You also have the option of creating a custom procedure for filling the board of directors' positions in your company, such as random selection (e.g. drawing names out of a hat) or by various rounds of shareholder election with special rules.\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch4>Managing Shareholder and Limits to Authority\u003C\u002Fh4>\n\u003Cp>A \"managing shareholder,\" if appointed, is a shareholder who takes primary control over the company as the president or chief executive officer. When shareholders agree that a shareholder should be a \"managing shareholder,\" they are approving a corporate structure that gives the managing shareholder the right and obligation to make most of the decisions of running the company without the need to continuously consult and obtain approval from the shareholders.\u003C\u002Fp>\n\u003Cp>Your company may wish to designate a managing shareholder if the shareholders trust the managing shareholder's ability to operate the business or want to make decision-making happen more quickly so the company can be more agile.\u003C\u002Fp>\n\u003Cp>Although the managing shareholder has a lot of leeway in controlling and managing the company, the following decisions require further approval by a supermajority (two-thirds) of shareholders to:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>enter into any significant or extraordinary contracts out of the ordinary course of the company's business;\u003C\u002Fli>\n\u003Cli>enter into any contracts or commitments lasting longer than one year in duration;\u003C\u002Fli>\n\u003Cli>issue shares or sell any additional company shares;\u003C\u002Fli>\n\u003Cli>sell all or substantially all of the company's assets;\u003C\u002Fli>\n\u003Cli>approve any fringe benefit arrangements that do not treat each shareholder proportionally and fairly;\u003C\u002Fli>\n\u003Cli>guarantee the company will repay a third party's debt; and\u003C\u002Fli>\n\u003Cli>take any action the shareholders agree need additional approval.\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>The shareholders can remove any of these actions from the list of decisions requiring additional shareholder approval by adding in Exhibit B: Additional Terms that \"Notwithstanding any provision regarding decisions by the Managing Shareholder requiring further approval by a supermajority of Shareholders, the Shareholders hereby remove these decisions from those provisions herein: [for example, 'to cause the company to enter into any guarantee].'\"\u003C\u002Fp>\n\u003Ch4>Shareholders as Officers\u003C\u002Fh4>\n\u003Cp>If any shareholders are also officers, insert their name in the box under the appropriate title. These shareholders may hold these officer positions as long as they are shareholders, which eliminates the need for the board of directors to reelect the officers at regular intervals during the life of the company.\u003C\u002Fp>\n\u003Cp>However, shareholders may be terminated from their officer positions for violating any rights or obligations towards the company including, but not limited to, the following:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Engaging in misconduct or a willful breach of this agreement that the shareholders collectively find unacceptable or harmful\u003C\u002Fli>\n\u003Cli>Being convicted of a felony involving moral turpitude such as, but not limited to, spousal abuse, kidnapping, aggravated assault, and more\u003C\u002Fli>\n\u003Cli>Taking certain actions indicating the shareholder is insolvent and unable to pay his or her debts, such as, but not limited to, making an assignment for the benefit of creditors or filing for bankruptcy\u003C\u002Fli>\n\u003Cli>Being judicially declared insane, incompetent, or physically or mentally disabled\u003C\u002Fli>\n\u003Cli>Causing criminal claims for liabilities for the company\u003C\u002Fli>\n\u003Cli>Engaging in other conduct constituting legal cause termination\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>These violations are serious enough that the shareholders may be removed from their officer or employee position at the company and be required to dispose of their shares in the company, forcing the shareholder out of the company ownership position.\u003C\u002Fp>\n\u003Ch4>Dividends\u003C\u002Fh4>\n\u003Cp>Shareholders can agree to a general dividend distribution policy for the managing shareholder or the board of directors to follow. The following are the most common policies used by companies:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>If you choose to make \u003Cstrong>regular distributions\u003C\u002Fstrong>, the company will distribute dividends if, during the distribution period (whether monthly, quarterly, every six months, or annually), the company's net income meets a predetermined amount that satisfies the shareholders. When choosing this option, insert the period or frequency of distribution and the minimum net income threshold during that period.\u003C\u002Fli>\n\u003Cli>If you choose not to make regular distributions, then the company may still make \u003Cstrong>special dividend distributions\u003C\u002Fstrong> whenever it so chooses with approval from a supermajority (two-thirds) of all shareholders.\u003C\u002Fli>\n\u003Cli>If you select \"\u003Cstrong>On occasion\u003C\u002Fstrong>,\" the company \u003Cem>may\u003C\u002Fem> decide to make dividend distributions when the company's net income meets a predetermined amount that satisfies the shareholders. This gives the managing shareholder or the board of directors a little more room to make their own business judgment on whether to issue dividends or not. When choosing this option, insert the period or frequency of distribution and the minimum net income threshold during that period.\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch4>Dissolution\u003C\u002Fh4>\n\u003Cp>The shareholders may agree by supermajority vote to close down the company. During the winding-up process, the company's assets will be applied against the company's liabilities as required by law. This provision describes those debt priorities.\u003C\u002Fp>\n\u003Ch4>Mandatory Shareholder Action\u003C\u002Fh4>\n\u003Cp>This shareholder agreement retains for shareholders the right to make the most important business decisions by unanimous vote as listed below:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Amend, repeal, or alter any provisions of the company's articles or incorporation or bylaws\u003C\u002Fli>\n\u003Cli>Merge or consolidate the company with another enterprise\u003C\u002Fli>\n\u003Cli>Issue shares, options, or other rights to acquire shares of the company\u003C\u002Fli>\n\u003Cli>Convert the company into a different entity type\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>The managing shareholder and\u002For board of directors may not act alone on these decisions without the approval of all of the company's owners.\u003C\u002Fp>\n\u003Ch4>Restrictions on Transfer\u003C\u002Fh4>\n\u003Cp>If the shareholders so agree, they may receive the first right of refusal when company shares become available for purchase. If and when shares become available for sale, the company or selling shareholder must first establish a fair market value for the shares. If any or all of the shares available for sale are not purchased by the shareholders having the right of refusal, then the remaining shares may be offered to third parties for purchase.\u003C\u002Fp>\n\u003Ch4>Share Valuation\u003C\u002Fh4>\n\u003Cp>Share valuation is crucial to both the buyer and seller. The shares must be valued fairly in order for the transfer transaction to be legitimate. As the company share value may change and is hard to predict, this agreement allows the shareholders to predetermine and write in the share value for each share class.\u003C\u002Fp>\n\u003Cp>This is only a starting point for the valuation negotiation between the selling shareholder and the buyer. If this predetermined value is out of date, the agreement provides that the share valuation will be based on the fair market value of the company's net assets. The valuation question can also be submitted for arbitration if parties cannot come to an agreement.\u003C\u002Fp>\n\u003Ch4>Special Buy-Sell Provisions\u003C\u002Fh4>\n\u003Cp>You may choose to include the following protections for minority and majority shareholders upon a sale of company shares to a third party:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Tag-Along Right\u003C\u002Fstrong>. This is a right exercised most often by minority shareholders to require that, when a shareholder has negotiated sales terms of his or her shares to a third party, the third party must offer those same sales terms to other shareholders not originally in the deal. This right is designed to obligate the selling shareholder to consider and incorporate the minority shareholder's rights and interest in the negotiation with third parties.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Drag-Along Right\u003C\u002Fstrong>. This right is exercised by majority shareholders to require minority shareholders to join in the 100% sale of the company to a third party, if the third party so desires. This right is designed to protect majority shareholders by making sure they can sell and transfer all their shares to the company if their target buyer is only interested in purchasing a whole company without any minority shareholder or control.\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch4>Dispute Resolution\u003C\u002Fh4>\n\u003Cp>Shareholders agree that, while there are many options to resolve disputes, often alternative dispute resolution (ADR) is much more effective at maintaining shareholder relationships and is more cost-effective than filing suit or claim in \u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fcategories\u002Fbusiness\u002Farbitration-agreement\" target=\"_blank\" rel=\"noopener\">arbitration\u003C\u002Fa>.\u003C\u002Fp>\n\u003Cp>Therefore, if and when a dispute arises, the shareholders may&mdash;and are highly encouraged to&mdash;engage in voluntary negotiation and mediation first before taking the issue up to mandatory arbitration as the last and final method of resolving any disputes. Unless otherwise dictated by law, the company's disputes should not be resolved in a court of law.\u003C\u002Fp>\n\u003Ch4>Non-Competition, Non-Solicitation, and Trade Secret Protection\u003C\u002Fh4>\n\u003Cp>Shareholders agree to place the interest of the company first during their ownership and for limited periods after their ownership ends. These obligations include not competing with the company for business opportunities that may arise, not poaching talent from the company, and not using or divulging the company's trade secrets.\u003C\u002Fp>\n\u003Ch4>Legend\u003C\u002Fh4>\n\u003Cp>The legend is mandatory disclosure language that must be included in any company \u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fcategories\u002Fbusiness-formation\u002Fstock-certificate\" target=\"_blank\" rel=\"noopener\">stock certificate\u003C\u002Fa> to inform any buyers that there are certain transfer restrictions and shareholder limitations to the stock certificate. The buyer should do his or her own due diligence and assess the acceptability of these limitations and restrictions.\u003C\u002Fp>\n\u003Ch4>Termination and Amendment\u003C\u002Fh4>\n\u003Cp>This shareholder agreement may only be amended or terminated by approval of all the shareholders. However, it could also terminate when the company is no longer an officially registered company capable of operating business within its registered state.\u003C\u002Fp>\n\u003Ch4>Exhibit A: Schedule of Shareholders\u003C\u002Fh4>\n\u003Cp>You will find the complete list of all shareholders to the company here along with their notice information and ownership interest. Ownership interest is broken down into the number of shares each shareholder owns in each class of shares issued by the company. These are all the individuals who must be notified whenever notice is required for any reason according to the company's shareholder agreement or \u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fcategories\u002Fbusiness-formation\u002Fcorporate-bylaws\" target=\"_blank\" rel=\"noopener\">corporate bylaws\u003C\u002Fa>. It is the definitive record of company ownership until this agreement is terminated, replaced, or updated.\u003C\u002Fp>\n\u003Ch4>Final Steps: Signing the Shareholder Signature Page\u003C\u002Fh4>\n\u003Cp>Each shareholder listed in Exhibit A must sign the Shareholder Signature Page. The shareholder agreement is not effective until all shareholders agree and execute the agreement.\u003C\u002Fp>\n\u003Cp>Additionally, if a shareholder is an individual and has a spouse or registered domestic partner, the spouse or registered domestic partner also must sign the Shareholder Signature Page to agree to the shareholder agreement. This is necessary because, in certain states and under particular circumstances, the shares of a company may be considered property owned jointly and equally by a shareholder and the shareholder's spouse or registered domestic partner. By signing the agreement, the spouse agrees that the shareholder may act alone on behalf of the company. However, the shareholder must give prior written notice to his or her spouse of any sale or other disposition of any company interests belonging to the shareholder and spouse.\u003C\u002Fp>\n\u003Cp>The signing shareholder and spouse or registered partner, if any, may have the shareholder signature sections notarized using the Notary Acknowledgment page to confirm the validity of the signature.\u003C\u002Fp>\n\u003Cp>The original or a copy of the shareholder agreement along with the executed Shareholder Signature Pages should be stored and maintained by the secretary at the corporation's principal executive office or such other place as the managing shareholder, if any, or board of directors may decide.\u003C\u002Fp>","help-guide",{"hideOnMobile":116,"hideOnDesktop":116},{"id":182,"style":183,"size":184,"blockName":81,"blockType":185,"visibility":186},"6a15a1ebf13133005943e426","line","md","separator",{"hideOnMobile":116,"hideOnDesktop":116},{"id":188,"heading":189,"background":190,"blockName":81,"items":191,"blockType":211,"visibility":212},"6a15a1ebf13133005943e42c","Frequently Asked Questions","white",[192,196,200,204,207],{"id":193,"question":194,"answer":81,"legacyHtml":195},"6a15a1ebf13133005943e427","What is a shareholder?","\u003Cp>A&nbsp;shareholder, also referred to as a&nbsp;stockholder, is a person, company, or institution that owns stock(s) in a company, known as equity. A shareholder must own a minimum of one share in a company&rsquo;s stock to make them a partial owner.\u003C\u002Fp>",{"id":197,"question":198,"answer":81,"legacyHtml":199},"6a15a1ebf13133005943e428","What is a shareholder agreement?","\u003Cp>A shareholder agreement is \u003Cspan>an arrangement between all the company's shareholders on how they will own and manage the company business. It outlines the rights, obligations, and responsibilities of the shareholders and is intended to ensure that shareholders rights are protected. A shareholder agreement also ensures that the shareholders are treated fairly.\u003C\u002Fspan>\u003C\u002Fp>",{"id":201,"question":202,"answer":81,"legacyHtml":203},"6a15a1ebf13133005943e429","What are shareholder rights?","\u003Cp>Shareholder rights refer to the rights that shareholders possess as a result of owning shares in a company. The most common shareholder rights include voting power, ownership, the right to transfer ownership, dividends, the right to inspect corporate documents, and the right to sue for wrongful acts\u003Cspan>.\u003C\u002Fspan>\u003C\u002Fp>",{"id":205,"question":100,"answer":81,"legacyHtml":206},"6a15a1ebf13133005943e42a","\u003Cp>A shareholder agreement may be used at any time and any shareholder can suggest its implementation. Typical scenarios in which a shareholder agreement may be used include when a company is formed, shares are issued to a new shareholder, the company business model changes, or the appointment or resignation of a director.\u003C\u002Fp>",{"id":208,"question":209,"answer":81,"legacyHtml":210},"6a15a1ebf13133005943e42b","What should a shareholder agreement include?","\u003Cp>\u003Cspan>A shareholder agreement generally includes provisions governing issuing and transferring shares, running the company including the appointment and removal of directors, voting rights, dividend distribution, and dispute resolution procedures.\u003C\u002Fspan>\u003Cspan>\u003C\u002Fspan>\u003C\u002Fp>","faqs",{"hideOnMobile":116,"hideOnDesktop":116},{"id":214,"style":183,"size":184,"blockName":81,"blockType":185,"visibility":215},"6a15a1ebf13133005943e42d",{"hideOnMobile":116,"hideOnDesktop":116},{"id":217,"headline":218,"text":219,"image":220,"ctaText":81,"blockName":81,"blockType":231,"visibility":232},"6a15a1ebf13133005943e42e","Start Your Shareholder Agreement","Complete your shareholder agreement in minutes with LegalNature's intuitive, step-by-step guidance.",{"id":221,"alt":81,"updatedAt":222,"createdAt":223,"url":224,"thumbnailURL":81,"filename":225,"mimeType":226,"filesize":227,"width":228,"height":229,"focalX":230,"focalY":230},210,"2026-07-24T10:46:14.235Z","2026-07-24T10:46:14.133Z","https:\u002F\u002Fs3.us-east-2.amazonaws.com\u002Fshared-cms-main-media.legalnature.com\u002Fgeneral-doc-image.jpg","general-doc-image.jpg","image\u002Fjpeg",369412,894,594,50,"get-started",{"hideOnMobile":116,"hideOnDesktop":116},{"title":234,"description":235,"keyword":236,"og_image":82},"Shareholders Agreement Template | Create & Print | LegalNature","Use our shareholders agreement to create an arrangement between a company's shareholders that clearly defines their ownership rights and obligations.","Shareholders Agreement",{"headline":81,"image":81,"imageUrl":81,"steps":238},[]]