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Prepare a Shareholder Agreement for an Australian corporation with this ready-made template form. The agreement is between the corporation and the holders of a particular class of shares in the corporation, and governs how the corporation's shares are to be transferred, sold or otherwise disposed of. Provisions of the Agreement include: Each shareholder has a right of first refusal to purchase any shares being disposed of by the other shareholder(s) before the shares can be offered to third parties. Shareholders not wishing to exercise their right of first refusal can transfer a pro rata share of the offered securities to the other remaining shareholders. The shareholders also have a right of first refusal to purchase new securities being issued by the corporation. If a shareholder is in default (as defined in the agreement), the other shareholders have a call option; in other words, they have the option to purchase the defaulting shareholder's shares at fair market value. Procedure for avoiding deadlock in votes. Includes non-competition and confidentiality clauses. This Australian Shareholder Agreement is provided in MS Word format, and can be easily edited to fit your circumstances.