Common use of SHARE CAPITAL AND SHARES Clause in Contracts

SHARE CAPITAL AND SHARES. 1. The Subconcessionaire undertakes to maintain a share capital in an amount no less than MOP200,000,000. 2. The Subconcessionaire undertakes to increase its sharecapital if and when the Chief Executive so determines due to justifiable supervening circumstances. 3. All share capital of the Subconcessionaire shall be exclusively represented by certificates representative of nominative shares. 4. The increase of share capital of the Subconcessionaire by means of public offering is be subject to authorization from the government. 5. The issuance of preferential shares by the Subconcessionaire is subject to authorization from the government. 6. Without prejudice of the preceding paragraph, the establishment or issuance of types or categories of shares representing the share capital of the Subconcessionaire or the modification of such shares is subject to authorization from the government. 7. The Subconcessionaire undertakes to take necessary measures to ensure that all share capital of legal persons that hold shares of the Subconcessionaire, legal persons that hold capital contributions of the above legal person shareholders, up to the ultimate shareholders (both natural persons and legal persons) that hold capital contributions of the above shareholders are represented only by nominative shares, save for those legal persons that are listed companies with regard to the shares that are traded on a stock market.

SHARE CAPITAL AND SHARES. 1. The Subconcessionaire undertakes to maintain a share capital in an amount no of the concessionaire cannot be less than MOP200,000,000MOP5,000,000,000.00 (five billion patacas), and its net asset value cannot be lower than that amount during the term of the concession. 2. The Subconcessionaire undertakes Chief Executive may order the concessionaire to increase its sharecapital if and the share capital when the Chief Executive so determines due to justifiable supervening circumstancessubsequent circumstances show that it is necessary. 3. All share The form of the participation in all registered capital of the Subconcessionaire shall concessionaire must be exclusively represented by certificates representative of nominative sharesnominative. 4. The increase of share capital of the Subconcessionaire concessionaire by means of public offering is be subject to authorization from the governmentGovernment. 5. The issuance of preferential shares by the Subconcessionaire concessionaire is subject to authorization from the governmentGovernment. 6. Without prejudice of the preceding paragraph, the establishment or issuance of types or categories of shares representing the share capital of the Subconcessionaire or concessionaire and the modification transfer of such shares is subject to authorization from the governmentGovernment. 7. The Subconcessionaire concessionaire undertakes to take necessary measures to ensure that all share capital of legal persons that hold shares of the Subconcessionaireconcessionaire, legal persons that hold capital contributions of the above legal person shareholders, up to the ultimate shareholders (both natural persons and legal persons) that hold capital contributions of the above shareholders are represented only by nominative shares, save for those legal persons that are listed companies with regard to the shares that are traded on a stock market.