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Canada Set-Off and Cancellation Agreement

Prepare an Agreement for Set-off and Cancellation of Shares between two affiliated Canadian companies with this easy-to-use template.

The purchase price of the shares is set off against the redemption of shares of stock held by the purchasing company in the capital of the selling company.
The purchaser pays for the shares by way of a promissory note. The vendor redeems the shares and pays the redemption price also by way of promissory note.
Both promissory notes are for the same amount and set each other off.

This Canada Set-Off and Cancellation Agreement template is available in MS Word format, and is fully editable to fit your specific circumstances.

Download: Canada Set-Off and Cancellation Agreement

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