Common use of Prohibition on Transfers to Competitors Clause in Contracts

Prohibition on Transfers to Competitors. Each Purchaser agrees that it shall not sell any of its respective Preferred Shares or Ordinary Shares to any company, individual or other Person whose primary business is on-line dating, unless such sale is approved by the Board of Directors (including the affirmative vote of the Preferred Director).

Prohibition on Transfers to Competitors. Each Purchaser Investor agrees that it shall not sell any of its respective Preferred Shares or Ordinary Shares to any company, individual or other Person whose primary business is on-line dating, unless such sale is approved unanimously by the Board of Directors (including the affirmative vote of the Preferred Director)Directors.