[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-282205-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-282205-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","thriveconsultancy-co-op-preferred-share-subscription-agreement-template-annotated","Thrive+Consultancy - Co-op Preferred Share Subscription Agreement - Template Annotated","","Preferred Share Subscription Agreement template for Arizona cooperatives, providing a structured contract between a cooperative and a prospective subscriber (community member) for the purchase of non-voting preferred shares. The template emphasizes securities law notice, transfer restrictions, investor risk acknowledgment, and the need to review the cooperative’s offering memorandum before investing. It outlines subscription terms, purchase price and share definition, delivery of payment, and the cooperative’s discretion to accept or reject subscriptions in whole or part.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/thriveconsultancy-co-op-preferred-share-subscription-agreement-template-annotated/282205/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/thriveconsultancy-co-op-preferred-share-subscription-agreement-template-annotated/282205.png","ImageObject",442,249,{"name":42,"@type":43},"Stanley","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-18","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",7,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the purpose of this preferred share subscription agreement template?","Question",{"text":63,"@type":64},"It documents the details of a community member’s investment in a cooperative’s non-voting preferred shares, using a subscription agreement that can be tailored to specific offerings.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What legal notices and restrictions does the template highlight?",{"text":68,"@type":64},"It includes securities act registration language, transfer restrictions tied to the cooperative’s bylaws, and a residency and resale limitation for a period after the sale.",{"name":70,"@type":61,"acceptedAnswer":71},"How does the template address acceptance or rejection of subscriptions?",{"text":72,"@type":64},"The cooperative may accept or reject a subscription in whole or part; if accepted, the agreement becomes an irrevocable commitment by the subscriber, and if rejected, payment tendered for any rejected shares is returned.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},282205,1790239188,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,114,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},17,"Forms",40,"forms",{"id":115,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":116,"slug":117},18,30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":115,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":136,"language":137,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":12,"update_tm":141,"read_time":30},2336477405376,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","DISCLAIMER:  \nThis template was prepared in 2024, as a general resource for Arizona Cooperatives. The contents ofthis template should NOT be relied on as legal advice.  \nThe template covers a subscription agreement for preferred shares, which some cooperative businesses may choose to pursue and others may not. It is not required that cooperative businesses offer preferred shares.  \nAlso, this template is based on an offering memorandum used by Phoenix Food Co-op and may not reflect the situation for which others may want to use it. Significant tailoring and customization to match the details of any situations/offerings is advised.  \nWhen this template is used, the entire document should be reviewed and updated to meet the needs of the situation/offering. Highlighted portions ofthis document are meant to bring the reader’s attention to sections that may commonly need updating. The use of highlighting does not mean that non-highlighted portions may not need updating. Please also review the accompanying annotated template PDF as part of your review of this document.  \nFinally, Eric Menkhus at Menkhus Law, PLLC ([www.menkhuslaw.com](www.menkhuslaw.com)) assisted Thrive Consultancy, Inc. in the preparation of this template. By using this template, no attorney-client relationship is created with Eric Menkhus nor Menkhus Law, PLLC.  \nTemplate based on Phoenix Food Coop’s Preferred Share Subscription created by Osborn Maledon and Cutting Edge Capital  \nCommented [EM1]: If a prospective community member (non-voting “investor”) chooses to make an investment, this subscription agreement can be used to document the details of the investment. The offering memo template describes the offering and gives reasons to make or not make the investment. This template is used once the prospective community member decides to move forward. The offering memo should be provided to the prospective community member for their review before this document is utilized to memorialize the investment.  \nCommented [EM2]: This template is provided by Thrive Consultancy Inc. as a resource for worker cooperatives. It covers an offering of preferred shares, which some cooperative businesses may choose to pursue and others may not. It is not required that cooperative businesses offer preferred shares.  \nAlso, this template is based on a subscription agreement used by Phoenix Food Co-op and may not reflect the situation for which others may want to use it. Significant tailoring and customization to match the details of any situations/offerings is advised.  \nFinally, Eric Menkhus at Menkhus Law, PLLC ([www.menkhuslaw.com](www.menkhuslaw.com)) assisted Thrive Consultancy, Inc. in the preparation of this template. By using this template, no attorney-client relationship is created with Eric Menkhus nor Menkhus Law, PLLC.  \nSUBSCRIPTION AGREEMENT TEMPLATE FOR PREFERRED SHARES  \nOF  \n[Cooperative Name]  \nNOTICE:  \nTHE SECURITIES REFERENCED HEREIN HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND THEREFORE CANNOT BE RESOLD UNLESS THEY ARE REGISTERED UNDER FEDERAL AND/OR STATE LAW (AS APPROPRIATE), OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE.  \nTHE SECURITIES REFERENCED HEREIN ARE SUBJECT TO SIGNIFICANT TRANSFER RESTRICTIONS AS PROVIDED BY THE COOPERATIVE’S BYLAWS, WHICH ARE ON FILE WITH AND MAY BE OBTAINED FROM THE COOPERATIVE AT NO CHARGE. THE COOPERATIVE’S BYLAWS ARE AVAILABLE AT   - .  \nOFFERS AND SALES OF THESE SECURITIES WERE MADE UNDER AN EXEMPTION FROM REGISTRATION AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. FOR A PERIOD OF SIX MONTHS FROM THE DATE OF THE SALE BY THE ISSUER OF THESE SECURITIES, ANY RESALE OF THESE SECURITIES SHALL BE MADE ONLY TO PERSONS RESIDENT WITHIN THE STATE OF ARIZONA UNLESS FURTHER RESTRICTED WITHIN THIS DOCUMENT.  \nAN INVESTMENT IN THE SECURITIES REFERENCED HEREIN INVOLVES RISK. YOU SHOULD READ THE COOPERATIVE’S OFFERING MEMORANDUM, INCLUDING THE SECTION ","cbCaitBq0CcxkOtj","https://ap.wps.com/l/cbCaitBq0CcxkOtj","pdf",819641,9,"English","# Subscription Agreement Template for Preferred Shares\n## Key Notices and Risk Statement\n## Subscription Terms and Shares Purchase\n## Cooperative’s Right to Accept or Reject Subscriptions","[{\"question\":\"What is the purpose of this preferred share subscription agreement template?\",\"answer\":\"It documents the details of a community member’s investment in a cooperative’s non-voting preferred shares, using a subscription agreement that can be tailored to specific offerings.\"},{\"question\":\"What legal notices and restrictions does the template highlight?\",\"answer\":\"It includes securities act registration language, transfer restrictions tied to the cooperative’s bylaws, and a residency and resale limitation for a period after the sale.\"},{\"question\":\"How does the template address acceptance or rejection of subscriptions?\",\"answer\":\"The cooperative may accept or reject a subscription in whole or part; if accepted, the agreement becomes an irrevocable commitment by the subscriber, and if rejected, payment tendered for any rejected shares is returned.\"}]","Thrive+Consultancy - Co-op Preferred Share Subscription Agreement - Template Annotated | PDF",1789570803]