Common use of Shareholders Agreements Clause in Contracts

Shareholders Agreements. 6.1 As soon as reasonably practicable, each of the CITIC Parties and the GE Parties and General Electric Company (for certain purposes) shall enter into a conditional shareholders’ agreement in respect of Bowenvale the form of which is substantially agreed and shall be finalised by the Parties within five Business Days from the date of publication of the Joint Announcement in the newspapers in Hong Kong which, subject to the completion of the Transfer pursuant to the SES-GE Transaction and together with the memorandum and articles of association of Bowenvale (and such other documents as are ancillary thereto) the form of which are substantially agreed and shall be finalised by the Parties within five Business Days from the date of publication of the Joint Announcement in the newspapers in Hong Kong, shall implement the arrangements as to the ownership and operation of Bowenvale by the CITIC Shareholder and the GE Shareholder. 6.2 The terms of the participation of each of the Parties in Bidco and any of their connected companies forming part of the structure for implementing the Proposed Transaction shall be governed by a shareholders agreement substantially in the form attached as Schedule 2 to be entered into between each of the CITIC Parties and the GE Parties and General Electric Company (for certain purposes) prior to announcement of the SES-GE Transaction, together with the memorandum and articles of association of Bidco (and such other documents as are ancillary thereto) the form of which are substantially agreed and shall be finalised by the Parties within five Business Days from the date of publication of the Joint Announcement in the newspapers in Hong Kong, shall implement the arrangements as to the ownership and operation by the CITIC Shareholder and the GE Shareholder of Bidco and, subject to the Scheme becoming effective, AsiaSat. For the avoidance of doubt, the documents to be entered into in respect of Bidco in accordance with this Clause 6.2 shall reflect a shareholding structure (both as to voting rights and economic rights) which is the same in material respects as that of Bowenvale.