Professional Documents
Culture Documents
The undersigned:
1. Ms. ................, born on … …, ….. in Aruba, and living at (ADDRESS), Aruba, hereinafter referred
to as “ ................”;
and
2. Mr................., born on ……….. in ……………, and living at ………….., Aruba, hereinafter referred
to as "................"
Taking in consideration:
• ................ will hold 60% of the issued shares, each with a nominal value of AWG …….,
numbers .. through .., in the corporation ................ V.B.A., established in Aruba and having
its registered offices at the ADDRESS, Aruba, registered at the Chamber of Commerce and
Industry of Aruba under number ……. to be named “the Corporation” hereinafter.
• ................ will hold 40% of the issued shares, each with a nominal value of AWG …….,
numbers .. through .., in the corporation ................ V.B.A., established in Aruba and having
its registered offices at the ADDRESS, Aruba, registered at the Chamber of Commerce and
Industry of Aruba under number ……..
• Recently, ................ and ................ have reached a consensus on the waiver of the rights of
.................
• ................ and ................ now wish to proceed to confirm and set out in writing the waiver of
the rights statement.
1. ................ gives ................ an irrevocable power of attorney to transfer the shares to ................
himself.
2. ................ expressly declares to abandon any right, including but not limited to the right to vote of
the shares in the Corporation.
3. ................ expressly declares that the right to the fruits (income) of the shares in the Corporation
should exclusively benefit his person and/or his successors in title.
4. All the shares hold by ................ will immediately be transferred to ................ as soon as ……..
wishes or on the day …………. deceases.
7. ................ will immediately handover the original shareholders’ register of the Corporation to
................ after signing this agreement.
8. Acknowledgement
................ and ................ acknowledge aforementioned waiver of rights and fruits. ................ and
................ also acknowledge the conditions set out in articles 3 up to 7 in this agreement.
9. Notice
This agreement has been executed and delivered in Aruba and its validity, interpretation,
performance and enforcement shall be governed by the Laws of Aruba.
................ ................