Founder SAFE Registration Sample Clauses
Founder SAFE Registration. The Founder shall, on or before June 30, 2013, (i) update his outbound investment foreign exchange registration in respect of his shareholding in the Company with the competent branch of SAFE to reflect the consummation of the transactions contemplated in this Agreement, and (ii) provide documentary evidence confirming the foregoing shareholding has been duly registered with the competent branch of SAFE.
Founder SAFE Registration. The Founder is not in violation against any Applicable Law with respect to his direct or indirect holding of any equity interest in the Founder Holdco or in the Company (if any), and the Founder is not required under any Applicable Law to register such shareholding or in connection with the transaction contemplated hereunder with the State Administration for Foreign Exchange of the PRC as required under the Circular of the State Administration of Foreign Exchange on Relevant Issues concerning Foreign Exchange Administration of Financing and Inbound Investment through Offshore Special Purpose Companies by PRC Residents , and any other Applicable Law imposed by the PRC Governmental Authorities, nor to obtain any necessary consents, approvals, permits and registrations in connection therewith under any Applicable Law.