DEALING IN SHARES. 6.1 Seller and Buyer each hereby undertake that it shall not (save in the event of an intervening court order, or an offer for the entire share capital of the Company becoming or being declared unconditional): 6.1.1 dispose of any interest in any Ordinary Shares before 30 June 2009; and 6.1.2 save as set out in this Agreement, acquire any interest in any or charge Ordinary Shares before 30 June 2009 save, in either case, for any Ordinary Shares acquired pursuant to the exercise of the Charge or the Share Option Agreement. 6.2 For these purposes, the expression 'dispose' shall extend to any sale, transfer, charge, pledge, encumbrance or grant of any option over or in respect of or an agreement to do any of these things (whether oral or in writing). 6.3 Seller and Buyer each further undertake that: 6.3.1 it will procure that no associated company of Seller or Buyer shall deal in Ordinary Shares in breach of clause 3.1; and 6.3.2 it shall not directly or indirectly either on its own account or through the agency of another seek to manipulate the market in Ordinary Shares. 6.4 Upon the issue and allotment of all of the Ordinary Shares pursuant to the Conversion, Buyer shall not own 30% or more of the issued share capital of the Company.
Appears in 5 contracts
Samples: Acquisition Agreement (Seven Arts Pictures PLC), Stock Sale Agreement (Seven Arts Pictures PLC), Acquisition Agreement (Seven Arts Pictures PLC)