Shareholder Agreement (Page 3 of 4) in pdf

Shareholder Agreement Page 3

Company. As a director of the Company the transferee must also agree in writing to vote as a

Shareholder. The transferee will also agree to all the terms and conditions of this Shareholder

Agreement.

With the exception of Excluded Securities, the Company hereby agrees to not sell any shares

without first offering this stock to all the existing Shareholders. Notice of intent to accept and

purchase Excluded Shares must be presented to the Company within five business days after

the intent to sell the shares is presented to the Shareholders by the Company. The sale must

then take place within five business days after the intent to purchase has been delivered to the

Company. If the Shareholders decline to purchase the offered shares then the shares may be

sold to a buyer at the agreed upon price as presented to the Shareholders.

If a Manager Shareholder end employment with the Company for any reason, then within five

business days of termination the Shareholder must offer to sell all shares to the Company in

writing. If the Company refuses to purchase the shares the offer shall then be made to the

existing Shareholders.

Each Shareholder may self nominate for Directorship or elect a nominee for the position at

every Board of Directors election.

Applicable Law

This contract shall be governed by the laws of the State of __________ in __________

County and any applicable Federal Law.

__________________________________________________________

Date____________

Signature of the First Shareholder

_________________________________________________

Print Name and Title

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Shareholder Agreement Page 3