This is a simple shareholders’ agreement intended to be implemented by a start-up at the time it closes a seed investment round in Southeast Asia.
This agreement deals with the management of the start-up and the relationship between the founders, any other existing shareholders and the investors (e.g. rights to appoint directors, matters requiring the approval of any investor-appointed directors, the provision of financial information, confidentiality provisions, etc). With a view to keeping the seed investment documentation simple, this shareholders’ agreement is drafted to include certain items which could separately go into the constitution of the company (e.g. pre-emptive rights, co-sale and drag-along rights). This will avoid companies needing to update their constitution.
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