Examples of Existing Shareholders Agreement in a sentence
On completion of the proposed exercise of the Roll-Up Call Option, Biostime Australia, Biostime Australia Holdings and the Target Minority Shareholders would enter into the Roll-Up Shareholders’ Agreement and the Existing Shareholders’ Agreement as described in the Previous Announcement and the Previous Circular in relation to the Target Company would terminate.
As one of the First Phase Conditions Precedent to the payment of the First Instalment under the Capital Increase Agreement, TCL New Technology will enter into an adherence agreement to become a party to the Existing Shareholders’ Agreement in accordance with the terms therein, and that Lerong Zhixin and its shareholders will enter into the Supplemental Agreement with the Current Round Investors (including, among others, TCL New Technology), which is supplemental to the Existing Shareholders’ Agreement.
The Existing Shareholders and Lerong Zhixin had entered into the Existing Shareholders’ Agreement on 20 April 2018.
On completion of the proposed exercise of the Roll-Up Call Option, Biostime Australia, Biostime Australia Holdings and the Target Minority Shareholders would enter into the Roll-Up Shareholders’ Agreement and the Existing Shareholders’ Agreement in relation to the Target Company would terminate.
The principal terms of the Roll-Up Shareholders’ Agreement would be identical to those in the Existing Shareholders’ Agreement as set out in the Previous Circular, subject to, among others, the grant of the Holdco Put Option and the Holdco Call Option as defined and described above.