Common use of Shares Transfer and Guaranty Clause in Contracts

Shares Transfer and Guaranty. (a) After the closing of the Share Acquisition, unless otherwise agreed in this Agreement or agreed upon by all the shareholders of the Target Company, the Existing Shareholder shall not transfer all or any part of his equity interests held by him in the Target Company, directly or indirectly, to any third party. (b) Any attempt by the Existing Shareholder to make any transfer in violation of this Section 4.2(a) shall be null and void. The Target Company agrees that such transfer shall be void and the transferee will not be deemed as a holder of any equity interest due to such transfer. (c) Without the consent of JYD, the Existing Shareholder shall not pledge or encumber, in any manner, any or all of the equity interests held by him, directly or indirectly, in the Target Company.

Shares Transfer and Guaranty. (a) After the closing of the Share Acquisition, unless otherwise agreed in this Agreement or agreed upon by all the shareholders of the Target Company, the Existing Shareholder shall not transfer all or any part of his equity interests held by him in the Target Company, directly or indirectly, to any third party. (b) Any attempt by the Existing Shareholder to make any transfer in violation of this Section 4.2(a4.3(a) shall be null and void. The Target Company agrees that such transfer shall be void and the transferee will not be deemed as a holder of any equity interest due to such transfer. (c) Without the consent of JYD, the Existing Shareholder shall not pledge or encumber, in any manner, any or all of the equity interests held by him, directly or indirectly, in the Target Company.