SHAREHOLDER’S AGREEMENT
SHAREHOLDER’S AGREEMENT
THIS AGREEMENT is made as of the 24th day of July, 2009
AMONGST:
Neurokine Pharmaceuticals Inc., a company incorporated under the laws of British Columbia having a registered office at Suite 0000 Xxxxxxxxx Xxxxx 000 Xxxx Xxxxxxx Xxxxxx Xxxxxxxxx, XX X0X 0X0
(the “Issuer”)
AND: Xxxxxxxx Xxxxxx, of 0-00000 Xxxxxx Xxxxx, Xxxxx Xxxx XX X0X0X0
(the “Shareholder”)
(collectively, the “Parties”)
WHEREAS:
A. |
The Shareholder is the holder of a certain number of common shares of the Issuer (the “Shares”); |
B. |
The Shares were issued to the Shareholder at or near the inception of the Issuer; and |
C. |
The issuer wishes, and the Found agrees, to limit the amount of shares which may have restrictive legends removed by the Shareholder. |
NOW THEREFORE in consideration of the promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties, the Parties hereto agree as follows:
PART 1 |
PAYMENT |
1.1 |
Payment of Consideration |
The Issuer agrees to pay the Shareholder CAD $10 as consideration for entering into this Agreement. The Shareholder’s execution of this Agreement shall be sufficient proof that such consideration was delivered to the Shareholder at the time this Agreement was executed by the Parties.
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PART 2 |
RESTRICTIONS |
2.1 |
Restriction on Sales and Legend Removal |
The Shareholder agrees to remove restrictive legends and sell the Shares in reliance on Rule 144 under the Securities Act of 1933 (“Rule 144”) only in compliance with the limitations of securities sold found in Rule 144(e)(1). The Found is limited to selling:
a) |
One percent of the shares or other units of the class outstanding as shown by the most recent report or statement published by the Issuer, or |
2.2 |
Restriction on Transfer |
Transfers of the Shares shall not be valid unless and until the transferee executes a joinder to this Agreement and any other agreements reasonably required by the Company pursuant to which such transferee(s) agree to be bound by the terms and conditions of this Agreement.
SHAREHOLDER:
/s/Xxxxxxxx Xxxxxx
Xxxxxxxx Xxxxxx
/s/Xxxxx Xxxxxxxxx
Xxxxx Xxxxxxxxx
Title: President
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