Examples of Rise Chain in a sentence
For the purpose of this Section 2.5, (i) “Founder Parties” shall mean Mr. Xxxx Xxxx and his wholly owned special purpose vehicle, Igomax Inc., and Xx. Xxxx Hong Xxxxx Xxxxx and his wholly owned special purpose vehicle, Bubinga Holdings Limited, and (ii) “Sponsor Parties” shall mean Xx. Xxxxx Xxxxxxx and his wholly owned special purpose vehicle, Rise Chain Investment Limited.
Subject to Section 3.2 (a), this Agreement shall automatically terminate with respect to all Parties upon the earliest to occur of (a) the Closing, (b) the termination of the Merger Agreement, and (c) a written agreement between the Founder Parties and Rise Chain to terminate this Agreement; provided, that any liability for failure to comply with the terms of this Agreement shall survive such termination.
The obligation of each Party under this Agreement is several (and not joint or joint and several); provided, that the obligations of the Chairman and Igomax under this Agreement shall be joint and several as between them, the obligations of the Co-Founder and Bubinga shall be joint and several as between them, and the obligations of Xxxxx Xxxxxxx and Rise Chain shall be joint and several as between them.
As of the date of this Agreement, three shares of Parent are issued and outstanding, which have been duly authorized, validly issued, fully paid and non-assessable, and Igomax, Bubinga and Rise Chain each owns one share.
No vote or consent of the holders of any class or series of share capital of Parent is necessary to approve this Agreement or the Transactions, including the Merger, other than the approval of Igomax, Bubinga and Rise Chain as the shareholders of Parent.