Keyword/Phrase

Capital of the corporation

Securities
Change of control
Voting shares
Repurchase option
Termination without cause
Repurchase price
Permitted transfers
Amendments
 Explanation
A company's capital adds up to all of the cash or the value of assets received by a company from investors in return for the co
Securities are investments traded on a secondary market. The most well-known examples include stocks and bonds.
A provision in an agreement giving a party certain rights (such as consent, payment or termination) in connection with a  chan
Voting shares are shares that give the stockholder the right to vote on matters of corporate policy making as well as who will c
Typically the repurchase option is triggered by the founder leaving the company, at which point the company would be able to
Termination without cause means that the employee is being terminated for reasons that are not related to misconduct and n
Repurchase price is the price at which the fund buys back units from the investor. 
This clause provides that no Founder may transfer any Securities unless such a transfer of the Securities is a permitted transfe
Amendments clause is added in the agreement as to allow the necessary changes as may be required from time to time in the
 the agreement.

o the founder.
s required as outlined in the employment/labour standards.
 Keyword/Phrase
Indebtedness
Bankruptcy of the Corporation
 Explanation
Indebtedness is the state of owing money to someone, being in debt.
Bankruptcy is a legal term for when a person or business cannot repay their outstanding debts.
 Keyword/Phrase
Common shares
Escrow
 Explanation
Securities that represent part ownership in a company and generally carry voting privileges.
Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that