A Michigan Stockholders Agreement is a legally binding document that outlines the rights, obligations, and responsibilities of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp as shareholders of the company. This agreement aims to establish clear guidelines for the management and operation of the business, as well as to protect the interests of all parties involved. Key terms included in a Michigan Stockholders Agreement may cover the allocation and transfer of shares, voting rights, dividend distribution, decision-making processes, board representation, and dispute resolution mechanisms. It is tailored to meet the specific needs and goals of the respective shareholders and the company. The agreement ensures that the shareholders are aligned in their objectives and provides a framework for resolving potential conflicts that may arise. By clearly defining the rights and obligations of each party, a Michigan Stockholders Agreement minimizes the risk of disputes or misunderstandings and promotes a harmonious and efficient working relationship. There may be different types of Michigan Stockholders Agreements, tailored to their unique circumstances. For example, there could be agreements that differ in terms of ownership percentages, investment amounts, or voting power. The agreement may also contain specific provisions governing the transfer or sale of shares, such as rights of first refusal or buy-sell agreements. In summary, a Michigan Stockholders Agreement is a comprehensive document that governs the relationship between shareholders in Schick Technologies, Inc., namely David Schick, Allen Schick, and Grey stone Funding Corp. By outlining their rights and responsibilities, this agreement establishes a solid foundation for the successful operation and growth of the company.