This document outlines a Shareholders' Agreement between two parties for a 50:50 Joint Venture Company. The Agreement establishes the terms and conditions for the formation and operation of the jointly-owned company, with a neutral form of drafting to ensure fairness to both parties. The Company is incorporated as a company limited by shares, with the authorised share capital being split equally between the parties, and the registered office, name, auditors, and other characteristics as per the Agreement.

The completion of the formation of the Company is expected to occur within ten days after the fulfilment or waiver of the conditions precedent. The Parties shall subscribe for their respective shares in cash and pay for them in cleared funds, and their names shall be entered in the Company's register of members as the respective shareholders.

This Shareholders' Agreement sets out the foundation for the operation of the Joint Venture Company and is intended to provide a clear understanding of the parties' rights and responsibilities as shareholders. It is important for both parties to carefully read and understand the terms of this Agreement to ensure a smooth and successful operation of the Joint Venture Company.

How to use this Document?

This shareholders' agreement is designed for the establishment of a joint venture company between two parties. Before using this agreement, it is important for both parties to carefully read and understand the contents of the document.

Once both parties have read and agreed to the terms of the agreement, they should sign and return a copy each. It is recommended that the signatures of both parties are witnessed to avoid any potential disputes in the future.

If either of the parties wish to make changes to the agreement in the future, they should agree to do so and the amendments should be recorded in writing and signed by both parties. This will ensure that all changes to the agreement are recorded and documented, making it easier to refer to in the event of any disputes or misunderstandings.

In summary, the steps to use this shareholders' agreement are as follows:

1. Carefully read the agreement by both parties.

2. Sign and return a copy, with both parties receiving a copy.

3. Consider having signatures witnessed to avoid future disputes.

4. If changes are made in the future, agree to and record them in writing, signed by both parties.