COVENANTS OF MAJOR SHAREHOLDERS; MILESTONES. Notwithstanding any other provision to the contrary in this Agreement, each Major Shareholder shall, upon the occurrence of the Company's failure to meet each of the development, sales and net profit milestones set forth on ANNEX 1, transfer to Franklin his Stockholder Shares according to the formulas set forth on ANNEX 1; provided that the total number of Stockholder Shares transferred by both of the Major Shareholders shall not exceed 109,350 Shares, with a maximum of 73,265 Stockholder Shares to be transferred by Xxx Xx Xxx and a maximum of 36,085 Stockholder Shares to be transferred by Xxxx Xxxx Hong.
