Pledge of Shares of Stock Template

This pledge of shares of stock template has 3 pages and is a MS Word file type listed under our finance & accounting documents.

Sample of our pledge of shares of stock template:

PLEDGE OF SHARES OF STOCK This Pledge of Shares of Stock (the "Agreement") is made and effective the [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Pledgor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [FIRST PLEDGEE NAME] (the "First Pledgee"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND PLEDGEE NAME] (the "Second Pledgee"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] BE IT KNOWN, for value received, the Pledgor hereby deposits, delivers to and pledges with Pledges of [Guaranties] as collateral security to secure the payment of the following described debt owning Pledges: [DESCRIBE] The share of stock, described as [NUMBER] shares of stock of [CORPORATION] represented as Stock Certificates [NO.]. It is further agreed that: Pledges may assign or transfer said debt and the collateral pledged hereunder to any third party. In the event a stock dividend or further issue of stock in the Corporation is issued to the Pledgor, the Pledgor shall pledge said shares as additional collateral for the debt. That during the term of this pledge agreement, and so long as it is not in default, the Pledgor shall have full rights to vote said shares and be entitled to all dividends income, except that stock dividends shall also be pledged. That during the tendency of this agreement, the Pledgor shall not issue any proxy or assignment of rights to the pledged shares. The Pledgor warrants and represents it has good title to the shares being pledge, they are free from liens and encumbrances or prior pledge, and the Pledgor has full authority to transfer said shares as collateral security.