Canada Share Purchase Agreement with Vendor Take-Back Provisions

Prepare a Share Purchase Agreement with Vendor Take-Back Provisions with this template form for Canadian corporations.

A portion of the purchase price will be paid by the purchaser to the vendor over time, secured by a promissory note.
If the purchaser defaults, the promissory note will become due and the vendor may take back ownership of the shares (this is called vendor take-back).
If the purchaser postpones consecutive payment, the second postponement will incur a late payment fee.
The vendor's accountants will prepare closing financial statements.
The purchaser must provide personal and corporate guarantees.
The corporation's income taxes will be allocated between the parties in accordance with the closing.

This Canada Share Purchase Agreement with Vendor Take-Back Provisions is available as a fully editable MS Word document.