1,100,000 SHARES QUAKER CHEMICAL CORPORATION COMMON STOCK UNDERWRITING AGREEMENTUnderwriting Agreement • May 9th, 2011 • Quaker Chemical Corp • Miscellaneous products of petroleum & coal • New York
The foregoing restrictions shall not apply, in the case of a natural person, to the transfer of any or all of the Shares owned by the undersigned, either during his or her lifetime or on death, by gift, will or intestate succession to the immediate family of the undersigned or to a trust the beneficiaries of which are exclusively the undersigned and/or a member or members of his or her immediate family; provided, however, that in any such case, it shall be a condition to such transfer that the transferee executes and delivers to Jefferies & Company, Inc. an agreement stating that the transferee is receiving and holding the Shares subject to the provisions of this letter agreement, and there shall be no further transfer of such Shares, except in accordance with this letter agreement.
