Common use of Restriction on Transfer; Term Clause in Contracts

Restriction on Transfer; Term. Each Shareholder hereby agrees with the Company that such Shareholder will not (a) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Ordinary Shares or any securities convertible into or exercisable or exchangeable for Ordinary Shares, or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Ordinary Shares, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Ordinary Shares or such other securities, in cash or otherwise (each, a “Transfer”), any of the Lock-Up Shares and shall not Transfer any Lock-Up Shares until the date that is six (6) months from the date the Company is listed on any of: the NYSE, any tier of the NASDAQ Stock Market, or the NYSE Amex (the “Listing”) (the entire period referred to as the “Lock-Up Period”) except that during the Lock-Up Period each Shareholder may Transfer an amount up to five percent (5%) of such Shareholder’s Ordinary Shares..

Restriction on Transfer; Term. Each Shareholder hereby agrees with the Company that such Shareholder will not (a) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Ordinary Shares or any securities convertible into or exercisable or exchangeable for Ordinary Shares, or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Ordinary Shares, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Ordinary Shares or such other securities, in cash or otherwise (each, a “Transfer”), any of the Lock-Up Shares and shall not Transfer any Lock-Up Shares until the date that is six nine (69) months from the date the Company is listed on any of: the NYSE, any tier of the NASDAQ Stock Market, or the NYSE Amex (the “Listing”) (the entire period referred to as the “Lock-Up Period”) except that (i) during the first six months of the Lock-Up Period each Shareholder may Transfer an amount up to five percent (5%) of such Shareholder’s Ordinary Shares and (ii) during the last three months of the Lock-Up Period each Shareholder may Transfer an amount up to twenty percent (20%) of such Shareholder’s Ordinary Shares...

Restriction on Transfer; Term. Each The Shareholder hereby agrees with the Company that such the Shareholder will not (a) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Ordinary Shares or any securities convertible into or exercisable or exchangeable for Ordinary Shares, or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Ordinary Shares, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Ordinary Shares or such other securities, in cash or otherwise (each, a “Transfer”), any of the Lock-Up Shares and shall not Transfer any Lock-Up Shares until the date that is six twelve (612) months from the date the Company is listed on any of: the NYSE, any tier of the NASDAQ Stock Market, or the NYSE Amex (the “Listing”) (the entire period referred to as the “Lock-Up Period”) ); except that during the Lock-Up Period each the Shareholder may Transfer an amount up to five percent (5%) of such the Shareholder’s Ordinary Shares...

Restriction on Transfer; Term. Each Shareholder hereby agrees with the Company that such Shareholder will not (a) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Ordinary Shares or any securities convertible into or exercisable or exchangeable for Ordinary Shares, or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Ordinary Shares, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Ordinary Shares or such other securities, in cash or otherwise (each, a “Transfer”), any of the Lock-Up Shares and shall not Transfer any Lock-Up Shares until the date that is six nine (69) months from the date the Company is listed on any of: the NYSE, any tier of the NASDAQ Stock Market, or the NYSE Amex (the “Listing”) (the entire period referred to as the “Lock-Up Period”) except that (i) during the first six months of the Lock-Up Period each Shareholder may Transfer an amount up to five percent (5%) of such Shareholder’s Ordinary Shares and (ii) during the during the last three months of the Lock-Up Period each Shareholder may Transfer an amount up to twenty percent (20%) of such Shareholder’s Ordinary Shares...