Canada Purchase Agreement for Shares & Promissory Note

Sell your shares in a Canadian company and transfer a shareholder loan to the purchaser with this Purchase Agreement for Shares and Promissory Note.

• The vendor represents to the buyer that it owns the shares and has the legal right and authority to transfer them.
• Upon payment of the cash to close, the vendor will transfer title to the shares over to the purchaser.
• The vendor also transfers a promissory note from the corporation for a shareholder loan owing to the vendor.
• The vendor relinquishes any further interest or right to repayment under the promissory note.

This Canada Purchase Agreement for Shares & Promissory Note is a customizable template which you can download and edit to fit your particular circumstances.