Common use of Pooling Trust Agreement Clause in Contracts

Pooling Trust Agreement. The Sellers signed a pooling trust agreement ------------------------ with the pooling trustee in accordance with exhibit 1, to the effect that the number of shares of Cybernet stock determined according to section 3.5 above are held on behalf of the Buyers and thus Cybernet shares of stock may not be sold until released by the pooling trustee. The release by the pooling trustee shall be based on a volume of thirty-three percent (33%) one year after the option closing date, to be followed by a volume of another thirty-three percent (33%) two years after the option closing date and the remaining volume of thirty-four percent (34%) three years after the option closing date.

Pooling Trust Agreement. The Sellers signed a pooling trust agreement ------------------------ ----------------------- (in the following referred to as "pooling trust agreement") with Xx Xxxxxxx Xxxxxxx, lawyer and notary, (in the following referred to as pooling trustee in accordance with exhibit 1, trustee) according to Exhibit 1to the effect that the number of 25,000 shares of Cybernet stock determined according to section 3.5 above are held on behalf of by the Buyers pooling trustee for the Sellers and thus Cybernet shares of stock may not be sold until released by the pooling trustee. The release by the pooling trustee shall be based on a volume performed in the order of thirty-three percent (33%) one year after the option closing date, to be followed by a volume in the order of another further thirty-three percent (33%) two years after the option closing date and in the order of the remaining volume of thirty-four percent (3434 %) three years after the option closing date.

Pooling Trust Agreement. The Sellers signed a pooling trust agreement ------------------------ (in the following referred to as "pooling trust agreement") with Xx Xxxxxxx Xxxxxxx, lawyer and notary, (in the following referred to as pooling trustee in accordance with exhibit 1, trustee) according to Exhibit 1to the effect that the number of 25,000 shares of Cybernet stock determined according to section 3.5 above are held on behalf of by the Buyers pooling trustee for the Sellers and thus Cybernet shares of stock may not be sold until released by the pooling trustee. The release by the pooling trustee shall be based on a volume performed in the order of thirty-three percent (33%) one year after the option closing date, to be followed by a volume in the order of another further thirty-three percent (33%) two years after the option closing date and in the order of the remaining volume of thirty-four percent (3434 %) three years after the option closing date.