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Draft the minimum contents of a transfer notice for a shareholder proposing to sell 2,000 ordinary shares, including number, price and whether the notice is revocable.
Draft one paragraph giving existing shareholders 15 Business Days to accept a pro rata offer of transfer shares, with unaccepted shares reallocated among those requesting more.
Draft a permitted-transfer carve-out for a corporate shareholder transferring to a wholly owned group company, with compulsory retransfer if it leaves the group.
Repair 'deadlock means any disagreement' by defining deadlock as two failed board votes on the same reserved matter at meetings at least seven days apart.
The articles require class consent for changing dividend rights but a later clause lets a simple board majority vary all share rights. Diagnose and repair the inconsistency.
Draft a transfer-and-deadlock section for Lark Design Ltd: proposed transfers first go pro rata to existing shareholders for 10 Business Days at a price set by a named independent accountant if not agreed; a deadlock arises after two failed votes on the annual budget; founders then meet once before an independent chair facilitates a final meeting.
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