Prohibition on Transfer of Shares. Except as otherwise provided in this Agreement, the Kanghui Parties will not sell, assign, transfer, pledge, hypothecate, or otherwise encumber or dispose of in any way (each, a “Transfer”), all or any part of any interest in the Equity Securities now or hereafter owned or held by the Kanghui Parties. Any sale, assignment, transfer, pledge, hypothecation or other encumbrance or disposition of the Equity Securities not made in conformance with this Agreement shall be null and void, shall not be recorded on the books of the Company, and shall not be recognized by the Company.
Prohibition on Transfer of Shares. (a) Notwithstanding any other provision of this Subscription Agreement, the Subscriber may not at any time transfer any Series A Preferred Shares (or the Common Stock into which it may be converted) to any person or entity that engages in any business activity that is in competition, directly or indirectly, with the products or services being developed, offered, marketed, sold or licensed by the Company. The determination of whether any proposed transferee engages in any business activity that is in competition with those activities of the Company shall be made by the Board of the Company in good faith.
(b) The Subscriber may not at any time transfer any Series A Preferred Shares (or the Common Stock into which it may be converted) to any person or entity (other than as part of a sale of the Company) unless the transferee agrees in writing to be bound by the provisions of Sections 4 and 5 hereof, unless or until Company goes public (initial public offering)
Prohibition on Transfer of Shares. 9.1 In connection with the Purchase Agreement, the Investors acquired a Stock Unit (as defined in the Purchase Agreement) consisting of shares of Common Stock and shares of Preferred Stock. Except pursuant to (a) a redemption of the Preferred Stock by the Company pursuant to the Company’s Articles of Incorporation or (b) the sale of Common Stock by Investors following an IPO, the Investor shall not transfer any shares of Preferred Stock comprising the Stock Unit without also transferring a proportionate number of shares of the Common Stock comprising the Stock Unit, and vice-versa.
9.2 Notwithstanding any other provision of this Agreement, no Investor may at any time transfer any Shares to any Person that engages in any business activity that is in competition, directly or indirectly, with the products or services being developed, offered, marketed, sold or licensed by the Company. The determination of whether any proposed transferee engages in any business activity that is in competition with those activities of the Company shall be made by the Board of the Company in good faith.
9.3 As long as Xxxxxx Platinum Investment Group, LLC (or its permitted successor or assignee) holds the Common Stock purchased under the Purchase Agreement, L. Xxxxxxx Xxxxxx, Xx. shall remain the manager of Xxxxxx Platinum Investment Group, LLC (or its permitted successor or assignee).
Prohibition on Transfer of Shares. Purchaser hereby agrees not to sell more than one-half (1/2) of the Share prior to the one (1) year anniversary of the Effective Date. Otherwise, Purchaser may freely transfer any or all of the Shares.
Prohibition on Transfer of Shares. Except as otherwise provided in this Annex, the Founders will not sell, assign, transfer, pledge, hypothecate, or otherwise encumber or dispose of in any way (each, a “Transfer”), all or any part of any interest in the Equity Securities now or hereafter owned or held by the Founders. Any sale, assignment, transfer, pledge, hypothecation or other encumbrance or disposition of the Equity Securities not made in conformance with this Annex shall be null and void, shall not be recorded on the books of the Company, and shall not be recognized by the Company.
Prohibition on Transfer of Shares. None of the parties to this Agreement will sell, assign, transfer, pledge, hypothecate, or otherwise encumber or dispose of in any way, all or any part of any interest in the Equity Securities now or hereafter owned or held thereby except in a transaction that complies with Section 7.4 and either (i) qualifies as an Exempt Transaction, (ii) in the case of any Preferred Holder, is in compliance with Section 7.3 or (iii) in the case of any other party hereto, is in compliance with Section 7.2. Any sale, assignment, transfer, pledge, hypothecation or other encumbrance or disposition of the Equity Securities not made in conformance with this Agreement shall be null and void, shall not be recorded on the books of the Company, and shall not be recognized by the Company.
Prohibition on Transfer of Shares. (a) Holders of Ordinary shares. Except as provided in Sections 2.2 through 2.5 of this Agreement, none of the Founders, regardless of such Founder’s employment status with the Company, Perfect Human and Prosperous World, may transfer any direct or indirect interest in any Equity Securities now or hereafter owned or held by such Founders, Perfect Human and Prosperous World prior to a Qualified IPO, unless otherwise approved in writing by the Holders. For the purposes hereof, redemption or repurchase of shares by the Company shall not be prohibited under this clause.
Prohibition on Transfer of Shares. Except as otherwise provided in this Agreement, the Neptunus Parties will not sell, assign, transfer, pledge, hypothecate, or otherwise encumber or dispose of in any way, all or any part of any interest in the Equity Securities now or hereafter owned or held by the Neptunus Parties. Any sale, assignment, transfer, pledge, hypothecation or other encumbrance or disposition of the Equity Securities not made in conformance with this Agreement shall be null and void, shall not be recorded on the books of the Company, and shall not be recognized by the Company.
Prohibition on Transfer of Shares. Except in a Compulsory Sale, none of the Participating Shareholders shall sell, assign, transfer, pledge, hypothecate, or otherwise encumber or dispose of in any way, all or any part of any interest in the capital shares of the Company now or hereafter owned or held thereby unless the Person to whom such capital shares are sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of shall have entered into a binding instrument, in form and substance satisfactory to a Holder Majority, acceding to all of the terms of this Agreement and undertaking to observe all of the obligations of a Participating Shareholder hereunder. Any sale, assignment, transfer, pledge, hypothecation or other encumbrance or disposition of any of the capital shares of the Company not made in conformance with this Agreement shall be null and void, shall not be recorded on the books of the Company, and shall not be recognized by the Company.
Prohibition on Transfer of Shares
