No Engagement. Until the first anniversary of a Qualified Initial Public Offering, each of the Founders (i) shall not by himself or through his Affiliate establish, as the founder or controlling shareholder, any business irrelevant to the Principal Business unless with prior written approval of the Series C-3 Purchaser or continuing to engage any business that has already been established or engaged by the Founders prior to the date of the Series C Share Purchase Agreement; and (ii) shall devote all his professional time to attend the Principal Business.
Appears in 4 contracts
Samples: Preferred Shares Purchase Agreement, Preferred Shares Purchase Agreement (Pinduoduo Inc.), Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD)
No Engagement. Until the first anniversary of a Qualified Initial Public Offering, each of the Founders (i) shall not by himself or through his Affiliate establish, as the founder or controlling Controlling shareholder, any business irrelevant to the Principal Business unless with prior written approval of the Series C-3 Purchaser D Purchasers or continuing to engage any business that has already been established or engaged by the Founders prior to the date of the Series C Share Purchase Agreementhereof; and (ii) shall devote all his professional time to attend to the Principal Business.
Appears in 4 contracts
Samples: Series D Preferred Shares Purchase Agreement, Series D Preferred Shares Purchase Agreement (Pinduoduo Inc.), Series D Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD)
No Engagement. Until the first anniversary of a Qualified Initial Public Offering, each of the Founders (i) shall not by himself or through his Affiliate establish, as the founder or controlling shareholder, any business irrelevant to the Principal Business unless with prior written approval of the Series C-3 Purchaser B-4 Purchasers or continuing to engage any business that has already been established or engaged by the Founders prior to the date of the Series C Share Purchase Agreementhereof; and (ii) shall devote all his professional time to attend the Principal Business.
Appears in 4 contracts
Samples: Shares Purchase Agreement, Preferred Shares Purchase Agreement (Pinduoduo Inc.), Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD)
No Engagement. Until the first anniversary of a Qualified Initial Public Offering, each of the Founders (i) shall not by himself or through his Affiliate establish, as the founder or controlling shareholder, any business irrelevant to the Principal Business unless with prior written approval of the Series C-3 Purchaser C Purchasers or continuing to engage any business that has already been established or engaged by the Founders prior to the date of the Series C Share Purchase Agreementhereof; and (ii) shall devote all his professional time to attend the Principal Business.
Appears in 3 contracts
Samples: Series C Preferred Shares Purchase Agreement (Pinduoduo Inc.), Series C Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD), Series C Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD)
