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Use this template to prepare a Promissory Note to secure the purchase price of shares being repurchased by a Canadian corporation from one of its shareholders. The Note includes a list of events of default upon which the Note will become immediately due and payable, such as if the corporation ceases to carry on business or becomes insolvent or bankrupt. This Canada Promissory Note for Repurchase of Shares by Corporation is in MS Word format and is easy to download, fill in with your details, and print.