Restriction on Share Transfer. Application
Restriction on Share Transfer. Employee shall not sell, assign, transfer, pledge, or otherwise dispose of or in any way alienate any of his respective Warrant Shares in the Corporation by operation of law or otherwise except as provided in this Agreement.
Restriction on Share Transfer. The transfer of shares of Amalco shall not be subject to any restrictions.
Restriction on Share Transfer. The Investor agrees to a lock-up period of six months (calculated from the date of the public offering) when the Company next undertakes a public offering provided that the original principal shareholders of the Company are also subject to the lock-up requirement. Upon the expiration of the lock-up period, the Company shall make sure the Investor can trade the common shares held by it in the secondary market without restriction. Detailed measures of trading shall be decided to minimize the impact on public offering with the underwriter.
Restriction on Share Transfer. (a) None of the Founders shall sell, assign, transfer, pledge, hypothecate, mortgage, encumber or otherwise dispose through one or a series of transactions any Company’ securities now held by such Founder or its Permitted Transferee to any person except with the prior written consent of the Investors holding at least a majority of the outstanding Series A Shares or in accordance with the terms and conditions of the Shareholders Agreement.
(b) Any attempt by a Founder to transfer any Company’ securities in violation of this Section 5.13 shall be void and the Company hereby agrees it will not effect such a transfer nor will it treat any alleged transferee as the holder of such shares without the prior written approval of the Company’s board of directors.
Restriction on Share Transfer. 21.1 Article 21.2 does not apply to the Company if and for so long as it is a public company or a pre-existing reporting company.
Restriction on Share Transfer. 3.1. Suntera covenants and undertakes with each of the other parties to this Deed not to transfer or purport to transfer any shares in Curlan or any interest in or grant or create any security over any share in Curlan for so long as Curlan is trustee of the Trust.
3.2. The option contained in the following provisions of this clause may only be exercised if Suntera breaches clause 3.1.
3.3. Subject to the condition in clause 3.2, Suntera grants to the Relevant Director (the “Buyer”) an option (the “Option”) to purchase all of the shares in Curlan registered in the name of Suntera (the “Option Shares”) for (in aggregate) £1 on the terms set out herein.
3.4. The Option Shares shall be sold with all the rights of an absolute legal and beneficial owner free from all liens, charges and encumbrances and with all rights attached to them at the date of completion.
3.5. The Option may be exercised at any time after the condition in clause 3.2 is satisfied.
3.6. The Option shall be exercised only by the Buyer giving Suntera a notice (the “Exercise Notice”) in accordance with clause 11 which shall include:
(a) the date on which the Exercise Notice is given;
(b) a statement to the effect that the Buyer is exercising the Option;
(c) a date, which is no less than five and no more than 15 Business Days after the date of the Exercise Notice, on which completion is to take place; and
(d) a signature by or on behalf of the Buyer.
3.7. As security for the performance of Suntera’s obligations under the Option, Suntera shall on the date of this Deed deliver to Curlan a stock transfer form duly executed by Suntera, with the Buyer’s name blank and undated, which the Buyer is authorised to complete, date and deliver upon exercise of the Option and which Curlan shall in such event be obliged to and undertakes to register.
3.8. Cxxxxx acknowledges and accepts the restrictions and option contained in this clause and covenants and undertakes not to accept or allow to be accepted any transfer or other action on behalf of Suntera that is inconsistent therewith.
Restriction on Share Transfer. APPLICATION
Restriction on Share Transfer. The Seller acknowledges and agrees that the shares issued as Share Consideration will be subject to restrictions on transfer, pledge, collateral or any other rights of such kind within the period specified in Section 9.2(a)(i) hereof. The shares have not been registered under the Securities Act of 1933 (the “Securities Act”) or under the securities laws of certain states and, therefore, cannot be resold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and under the applicable securities laws of such states or an exemption from such registration is available.
Restriction on Share Transfer. When Shanghai Wealth is holding the shares of the Company, without the written consent of Shanghai Wealth, the Original Shareholders shall not sell, transfer or otherwise dispose of the shares of the Company directly or indirectly held by it to any third party, and the Original Shareholders undertake and warrant that their shareholders also will not dispose of any of their shares in the Original Shareholders.
