Common use of Transferred Shares Clause in Contracts

Transferred Shares. Each Participation Rights Holder shall effect its participation in the sale by promptly delivering to the Selling Shareholder for transfer to the prospective purchaser the following transfer documents (collectively, the “Transfer Documents”): the relevant instrument of transfer (duly signed by the Participation Rights Holder) together with the relevant certificates which represent: (i) the number of Ordinary Shares which such Rights Holder elects to sell; (ii) that number of Series A Shares which is at such time convertible into the number of Ordinary Shares that such Rights Holder elects to sell; provided, however, that if the prospective purchaser objects to the delivery of Series A Shares, in lieu of Ordinary Shares, such Rights Holder shall convert such Series A Shares into Ordinary Shares and deliver Ordinary Shares as provided in Subsection 4.4(c)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser; or (iii) a combination of the above.

Transferred Shares. Each Participation Rights Co-Sale Right Holder shall effect its participation in the sale by promptly delivering to the Selling Shareholder for transfer to the prospective purchaser the following transfer documents (collectivelyone or more certificates, the “Transfer Documents”): the relevant instrument of transfer (duly signed by the Participation Rights Holder) together with the relevant certificates properly endorsed for transfer, which represent: (i) the number of Ordinary Shares Share Equivalents which such Rights Co-Sale Right Holder elects to sell; (ii) that number of Series A Preferred Shares which is at such time convertible into the applicable number of Ordinary Shares (calculated on an as-converted basis in accordance with the Memorandum and Articles) that such Rights Co-Sale Right Holder elects to sell; providedprovided in such case that, however, that if the prospective purchaser objects to the delivery of Series A Shares, Preferred Shares in lieu of Ordinary Shares, such Rights Co-Sale Right Holder shall convert such Series A Preferred Shares into Ordinary Shares and deliver Ordinary Shares as provided in Subsection 4.4(c)(iSection 4.3(b)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares Shares to the purchaserpurchaser and contingent upon such transfer; or (iii) a combination of the above.

Transferred Shares. Each Participation Rights participating Co-Sale Right Holder shall effect its participation in the sale by promptly delivering to the Selling Shareholder Founder for transfer to the prospective purchaser the following transfer documents (collectivelyone or more certificates, the “Transfer Documents”): the relevant instrument of transfer (duly signed by the Participation Rights Holder) together with the relevant certificates properly endorsed for transfer, which represent: (i) the number of Ordinary Shares which such Rights Co-Sale Right Holder elects to sell; (ii) that number of Series A Shares which is at such time convertible into the number of Ordinary Shares that such Rights Co-Sale Right Holder elects to sell; providedprovided in such case that, however, that if the prospective purchaser objects to the delivery of Series A Shares, Shares in lieu of Ordinary Shares, such Rights Co-Sale Right Holder shall convert such Series A Shares into Ordinary Shares and deliver Ordinary Shares as provided in Subsection 4.4(c)(i4.4(b)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser; or (iii) a combination of the above.

Transferred Shares. Each Participation Rights Holder participating Non-Selling Shareholder shall effect its participation in the sale by promptly delivering to the Selling Shareholder for transfer to the prospective purchaser the following transfer documents (collectively, the “Transfer Documents”): the relevant an executed instrument of transfer (duly signed by the Participation Rights Holder) together with the relevant certificates and one or more certificates, which represent: (i) the number of Ordinary Shares which such Rights Holder Non-Selling Shareholder elects to sell; (ii) that number of Series A Preferred Shares which is at such time convertible into the number of Ordinary Shares that such Rights Holder Non-Selling Shareholder elects to sell; providedprovided in such case that, however, that if the prospective purchaser objects to the delivery allotment of Series A Shares, Preferred Shares in lieu of Ordinary Shares, such Rights Holder Non-Selling Shareholder shall convert such Series A Preferred Shares into Ordinary Shares and deliver Ordinary Shares as provided in Subsection 4.4(c)(i4.3(b)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser; or (iii) a combination of the above, together with an instruments of transfer duly executed by such participating Non-Selling Shareholder.

Transferred Shares. Each Participation Rights Holder The Series A Co-Sale Participant shall effect its participation in the sale by promptly delivering to the Selling Shareholder for transfer to the prospective purchaser the following transfer documents (collectivelyone or more certificates, the “Transfer Documents”): the relevant instrument of transfer (duly signed by the Participation Rights Holder) together with the relevant certificates properly endorsed for transfer, which represent: (i) the number of Ordinary Shares (calculated on an as-converted basis) which such Rights Holder the Series A Co-Sale Participant elects to sell; (ii) that number of Series A Shares which is at such time convertible into the number of Ordinary Shares that such Rights Holder the Series A Co-Sale Participant elects to sell; providedprovided in such case that, however, that if the prospective purchaser objects to the delivery of Series A Shares, Shares in lieu of Ordinary Shares, such Rights Holder the Series A Co-Sale Participant shall convert such Series A Shares into Ordinary Shares and deliver Ordinary Shares as provided in Subsection 4.4(c)(i4.6(b)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser; or (iii) a combination of the above.

Transferred Shares. Each Participation Rights participating Restricted Holder shall effect its participation in the sale by promptly delivering to the Selling Shareholder for transfer to the prospective purchaser the following transfer documents (collectivelyone or more duly completed instruments of transfer, the “Transfer Documents”): the relevant instrument of transfer (duly signed by the Participation Rights Holder) together with the relevant certificates which represent: (i) the number of Ordinary Shares which such Rights Restricted Holder elects to sell; (ii) that number of Series A Shares which is at such time convertible into the number of Ordinary Shares that such Rights Restricted Holder elects to sell; providedprovided in such case that, however, that if the prospective purchaser objects to the delivery of Series A Shares, Shares in lieu of Ordinary Shares, such Rights Restricted Holder shall convert such Series A Shares into Ordinary Shares and deliver Ordinary Shares as provided in Subsection 4.4(c)(i5.4(b)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser; or (iii) or a combination of the above.

Transferred Shares. Each Participation participating Rights Holder shall effect its participation in the sale by promptly delivering to the Selling Shareholder for transfer to the prospective purchaser the following transfer documents (collectivelyone or more certificates, the “Transfer Documents”): the relevant instrument of transfer (duly signed by the Participation Rights Holder) together with the relevant certificates properly endorsed for transfer, which represent: (i) the number of Ordinary Shares Company securities which such Rights Holder elects to sell; (ii) that number of Series A Shares Preferred Shares, which is at such time convertible into the number of Ordinary Shares that such Rights Holder elects to sellsell (on an as-converted basis); providedprovided in such case that, however, that if the prospective purchaser objects to the delivery transfer of Series A Shares, Preferred Shares in lieu of Ordinary Shares, such Rights Holder shall convert such Series A Preferred Shares into Ordinary Shares and deliver certificates for Ordinary Shares as provided in Subsection 4.4(c)(i4.4(b)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser; or (iii) a combination of the above.