Exhibit 10.8
AGREEMENT ON SHARE TRANSFER RESTRICTION
WiderThan Co., Ltd. (the "Company") and _____ (the "Shareholder") agrees on the
restriction on transfer of shares of the Company which is held by or will be
obtained by the Shareholder through right issue, bonus issue, employee share
ownership association, stock dividends, stock option and other sources not
specified (the "Shares").
1. The Shareholder must notify and obtain approval from the Company prior
to transfer of the Shares.
2. The Company may provide the right of first refusal at par value to the
Company or to a person designated by the Company on the Shares which the
Shareholder intends to transfer, except when reason of share transfer is
unavoidable such as inheritance.
3. The Shareholder agrees that in case the Shareholder quits the Company
before termination of this agreement, the Company may decide the Shares to
be transferred to a third party at par value.
4. This contract will be terminated 3 years after the agreement has been
signed. However, if the Company is listed in domestic or foreign stock
exchange before the termination, this agreement will be effective until the
time of listing.
5. The Shareholder will be liable for all the civil claims and liabilities
in case the Shareholder fails to comply with the conditions set forth in
this contract.
In witness whereof, the undersigned, being duly authorized by their
respective Parties, have signed this agreement. This agreement is drafted
and signed in duplicate copies, both copies being equally authentic, and
each copy shall be kept by each party.
200 . .
Company Shareholder
WiderThan Co., Ltd. Name:
-------------------------- -------------------------
463 Chungjeong-ro 3-ga, Address:
Seodaemun-gu, Seoul
WiderThan Co., Ltd.
CEO Sangjun Park
