SAFE Registration. (i) The Company shall use its best efforts to ensure that each grantee under the Current ESOP or any other equity incentive plan of the Company who is a Domestic Resident shall (ii) the Company shall use its best efforts to ensure that all beneficial owners of Ordinary Shares who are Domestic Residents shall and (iii) Mr. Tan, with respect to (A) the 10,000,000 Ordinary Shares he directly or indirectly owns or controls for the 2017 ESOP and (B) the transfer of such shares to the ESOP Trustee shall, in each case, comply with all reporting and/or registration requirements (including filings of amendments to existing registrations) under Circular 37, and shall have obtained a SAFE registration certificate with respect to his/her/its interest (and in the case of Mr. Tan, also the ESOP Trustee’s interest) in the Company, in form and substance satisfactory to the Series B1 Investor (a) with respect to (i), prior to the exercise of his/her option or award pursuant to the Current ESOP or other equity incentive plan of the Company, and (b) with respect to (ii) and (iii), as soon as practicable.
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Samples: Series B1 Preferred Share Purchase Agreement (Qutoutiao Inc.), Series B1 Preferred Share Purchase Agreement (Qtech Ltd.)
SAFE Registration. (i) The Company shall use its best efforts to ensure that each grantee under the Current ESOP or any other equity incentive plan of the Company who is a Domestic Resident shall (ii) the Company shall use its best efforts to ensure that all beneficial owners of Ordinary Shares who are Domestic Residents shall and (iii) Mr. Tan, with respect to (A) the 10,000,000 Ordinary Shares he directly or indirectly owns or controls for the 2017 ESOP and (B) the transfer of such shares to the ESOP Trustee shall, in each case, comply with all reporting and/or registration requirements (including filings of amendments to existing registrations) under Circular 37, and shall have obtained a SAFE registration certificate with respect to his/her/its interest (and in the case of Mr. Tan, also the ESOP Trustee’s interest) in the Company, in form and substance satisfactory to the Series B1 Investor B2 Investors (a) with respect to (i), prior to the exercise of his/her option or award pursuant to the Current ESOP or other equity incentive plan of the Company, and (b) with respect to (ii) and (iii), as soon as practicable.. 39 Share Purchase Agreement
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Samples: Series B2 Preferred Share Purchase Agreement (Qutoutiao Inc.), Series B2 Preferred Share Purchase Agreement (Qtech Ltd.)
SAFE Registration. (i) The Company shall use its best efforts to ensure that each grantee under the Current ESOP or any other equity incentive plan of the Company who is a Domestic Resident shall (ii) the Company shall use its best efforts to ensure that all beneficial owners of Ordinary Shares who are Domestic Residents shall and (iii) Mr. Tan, with respect to (A) the 10,000,000 Ordinary Shares he directly or indirectly owns owned or controls controlled for the 2017 ESOP and (B) the transfer of such shares to the ESOP Trustee shall, in each case, comply with all reporting and/or registration requirements (including filings of amendments to existing registrations) under Circular 37, and shall have obtained a SAFE registration certificate with respect to his/her/its interest (and in the case of Mr. Tan, also the ESOP Trustee’s interest) in the Company, in form and substance satisfactory to the Series B1 Investor B3 Investors (a) with respect to (i), prior to the exercise of his/her option or award pursuant to the Current ESOP or other equity incentive plan of the Company, and (b) with respect to (ii) and (iii), as soon as practicable.
Appears in 2 contracts
Samples: Series B3 Preferred Share Purchase Agreement (Qutoutiao Inc.), Series B3 Preferred Share Purchase Agreement (Qutoutiao Inc.)