Unitholders Agreement

With the signing of the instrument of accession, new unitholders are bound by the unitholder agreement, as if the new unitholder were a party to the agreement Shareholders are required to declare conflicts of interest and ensure that confidentiality is maintained at all times – unitholders are prohibited from passing on details of trusts` activities to outside persons. Drag Along/Tag clauses are generally included and require minority shareholders to agree if majority shareholders wish to sell to a third-party buyer….

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