SIMPLE SHARE SUBSCRIPTION AGREEMENT WHERE THE COMPANY IN QUESTION HAS MORE THAN ONE SHAREHOLDER AND HAS ONLY NO PAR VALUE SHARES AUTHORISED AND IN ISSUE

EXPLANATORY NOTES FOR THE SIMPLE SHARE SUBSCRIPTION AGREEMENT WHERE THE COMPANY IN QUESTION HAS MORE THAN ONE SHAREHOLDER AND HAS ONLY NO PAR VALUE SHARES AUTHORISED AND IN ISSU

This is a Share Subscription Agreement that is to be used where there is more than one current shareholder and where the company only has NO par value shares in existence. It is where the issuing company has enough authorised no par value shares in existence to issue the subscription shares.

Please do not use this precedent where the issuing company has only one current shareholder, or where the company has par value shares in existence. Precedents regulating the latter are available on this site for purchase and use.

This agreement is over 14 pages long and is typed up using Tahoma font (11).