Shareholders Agreement

THIS SHAREHOLDERS AGREEMENT is made this [DATE] BETWEEN [SHAREHOLDER_1_NAME] of [SHAREHOLDER_1_ADDRESS] (hereinafter referred to as the "First Shareholder") of the ONE PART. AND [SHAREHOLDER_2_NAME] of [SHAREHOLDER_2_ADDRESS] (hereinafter referred to as the "Second Shareholder") of the OTHER PART. WHEREAS: 1. The parties are the shareholders of [COMPANY_NAME] (the "Company"), a company incorporated under the laws of Nigeria. 2. The Company is engaged in the business of [BUSINESS_NATURE]. 3. The parties have agreed to enter into this Agreement to regulate their relationship as shareholders of the Company and the management of the Company's affairs. NOW IT IS HEREBY AGREED AS FOLLOWS: 1. BOARD OF DIRECTORS The Board of Directors shall consist of a maximum of [NUMBER] directors. Each shareholder holding at least [PERCENTAGE]% of the issued share capital shall be entitled to appoint one director. 2. TRANSFER OF SHARES No shareholder shall sell, transfer or otherwise dispose of any shares in the Company without first offering them to the other shareholders in proportion to their existing shareholdings (Pre-emption Rights). 3. DIVIDEND POLICY The parties agree that the Company shall distribute at least [PERCENTAGE]% of its net profits after tax as dividends each financial year, subject to the working capital requirements of the Company. 4. CONFIDENTIALITY Each party agrees to keep confidential all information relating to the business and affairs of the Company and not to dis... [Sign up to generate the complete, customized document with your case facts]