Common use of Deed of Adherence Clause in Contracts

Deed of Adherence. A Shareholder shall not transfer any shares to any person, nor may the Company issue any shares to any person, unless the transferee, if not already a Shareholder, has executed a deed of adherence to this agreement, in the form of Annexure A (“Deed of Adherence”) and has delivered it to the Company. The Company may agree to a variation of the Deed of Adherence if it is in the best interest of the Company and the amendments do not prejudice SBC, as determined by SBC, acting reasonably. Once the transfer or issue of those shares has been registered and the Deed of Adherence executed and delivered, the transferee shall be bound to this agreement and thereafter this agreement and such Deed of Adherence shall constitute one agreement.

Deed of Adherence. A Shareholder shall not transfer any shares to any person, nor may the Company issue any shares to any person, unless the transferee, if not already a Shareholder, has executed a deed of adherence to this agreement, in the form of Annexure A B (“Deed of Adherence”) and has delivered it to the Company. The Company may agree to a variation of the Deed of Adherence if it is in the best interest of the Company and the amendments do not prejudice SBC, as determined by SBC, acting reasonably. Once the transfer or issue of those shares has been registered and the Deed of Adherence executed and delivered, the transferee shall be bound to this agreement and thereafter this agreement and such Deed of Adherence shall constitute one agreement.