LEGALDOCS
Pledge Agreement - Example Document
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This is an example of a Pledge Agreement between a father and son. The son (the "Debtor")has borrowed money from his father (the "Creditor" or "Secured Party") to purchase shares of stock in a Corporation. The loan was made pursuant to a separate promissory note, which the parties to this Pledge Agreement will attach as an exhibit to the Pledge Agreement. To insure that the son will honor the payment of the note, the son has pledged the shares of stock as security. This Pledge Agreement sets forth that father holds the shares as collateral for the loan, that the son cannot further use the stock as collateral for any other loans, that the son will remain solvent pending the repayment of the loan, and that upon the full repayment of the loan, the father has a duty to return (known as a "reconveyance") the stock to his son.

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