TRANSFER AND SALE OF SHARES. 7.1 The JV Company is a limited liability company held by and between INVO Bioscience and Ginekalix. Consequently, the shares of the JV Company are not freely transferrable and are subject to the restrictions and transfer provisions contained in the Act and this Article. In addition, no Party shall transfer, dispose of, assign, pledge, hypothecate or in any manner create any right, title or interest in or otherwise encumber a share held by it in the JV Company without the consent of the other Party.
TRANSFER AND SALE OF SHARES. 20.1 Intentionally left blank
TRANSFER AND SALE OF SHARES. 8.1 Neither Party shall mortgage, pledge or charge the shares, except as collateral security to secure temporary loans obtained in the ordinary course of business, without the prior written authorisa- tion from the other Party.
TRANSFER AND SALE OF SHARES. 5.1 The Shareholders agree not to transfer any Ordinary Shares or securities in the Company other than in compliance with the provisions of the Articles and any applicable laws.
