This Termination of Shareholders Agreement will effectively terminate an existing Shareholders Agreement. This agreement sets forth the particulars of the termination and sets out that the obligations of any Share Purchase Agreement shall remain in full force and effect. It is important that a Termination of Shareholders Agreement be memorialized in writing in the event there are future disagreements or misunderstandings between the parties.

This Termination of Shareholders Agreement contains the following:

• Parties: The name of the shareholder with whom the agreement is being terminated and the name of the corporation;
• Shareholders Agreement: The date of the original Shareholders Agreement;
• Signatures: All parties must execute the agreement in the presence of a witness.

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This attorney-prepared packet contains:

1. General Instructions
2. Termination of Shareholders Agreement

State Law Compliance: This form complies with the laws of all states