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Share For Share Exchange Agreement
"I need a Share For Share Exchange Agreement for a domestic transaction between two Philippine technology companies, where Company A will exchange 10,000 common shares for 5,000 shares in Company B, with closing scheduled for March 15, 2025."
1. Parties: Identification of the exchanging parties, including full legal names and addresses
2. Background: Context of the transaction, including brief description of each company and purpose of the share exchange
3. Definitions: Defined terms used throughout the agreement
4. Exchange of Shares: Core transaction terms, including number and class of shares to be exchanged
5. Consideration: Details of the exchange ratio and any adjustments
6. Closing: Timing, location, and mechanics of the closing process
7. Conditions Precedent: Conditions that must be satisfied before closing
8. Representations and Warranties: Statements of fact and assurances from each party
9. Covenants: Pre-closing and post-closing obligations of the parties
10. Indemnification: Provisions for compensation in case of breach or losses
11. Termination: Circumstances under which the agreement can be terminated
12. Governing Law and Jurisdiction: Philippine law as governing law and jurisdiction details
13. Miscellaneous: Standard provisions including notices, amendments, and severability
1. Earnout Provisions: Used when part of the consideration is contingent on future performance
2. Employee Matters: Include when there are specific arrangements for key employees or management
3. Tax Matters: Detailed tax provisions when specific tax structuring is required
4. Regulatory Compliance: Additional provisions when specific regulatory approvals are needed
5. Multiple Closing Mechanics: When the exchange will occur in multiple tranches
6. Foreign Ownership Provisions: When any party is foreign-owned and subject to ownership restrictions
7. Competition Law Compliance: When the transaction size requires competition law clearance
8. Intellectual Property Rights: When IP assets are significant to the transaction value
1. Schedule A - Share Details: Detailed description of shares being exchanged, including class, rights, and encumbrances
2. Schedule B - Exchange Ratio Calculation: Detailed methodology for calculating the exchange ratio
3. Schedule C - Company Information: Corporate details of both companies including incorporation, directors, and capital structure
4. Schedule D - Disclosure Schedules: Exceptions and disclosures to representations and warranties
5. Schedule E - Required Consents: List of third-party and regulatory consents required
6. Schedule F - Material Contracts: List of important contracts affecting the transaction
7. Schedule G - Closing Deliverables: List of documents and items to be delivered at closing
8. Appendix 1 - Form of Share Certificates: Template of new share certificates to be issued
9. Appendix 2 - Board Resolutions: Form of corporate approvals required
10. Appendix 3 - Closing Documents: Forms of various closing certificates and documents
Authors
Financial Services
Technology
Manufacturing
Real Estate
Healthcare
Energy
Telecommunications
Retail
Mining
Agriculture
Transportation
Construction
Professional Services
Media and Entertainment
Legal
Finance
Corporate Development
Mergers & Acquisitions
Tax
Compliance
Risk Management
Corporate Secretariat
Treasury
Board Secretariat
Executive Management
Internal Audit
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Corporate Secretary
General Counsel
Legal Director
M&A Director
Corporate Development Manager
Finance Director
Investment Manager
Compliance Officer
Board Member
Managing Director
Transaction Lawyer
Financial Controller
Tax Director
Company Secretary
Risk Manager
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