Common use of Compulsory Redemption Clause in Contracts

Compulsory Redemption. 8.9.1. The Partnerships may compulsorily redeem all of the Tokens held by a Limited Partner if – 8.9.1.1. the holding of such Tokens may, in the sole discretion of the Partnership, result in regulatory, pecuniary, legal, taxation, material administrative, reputational or other harm or disadvantage to the Partnership or its Partners and/or 8.9.1.2. the Investment is no longer reasonably achievable due to unforeseen circumstances and/or 8.9.1.3. any law is passed which renders it illegal or impracticable for the Partnership to continue its operations and/or 8.9.1.4. the Limited Partner is found to have engaged in fraudulent or malicious activities that jeopardise the integrity or security of the Partnership’s operations and/or 8.9.1.5. the Limited Partner has breached any of the terms and conditions of this Agreement, and such breach has not been remedied within a specified period; and/or 8.9.1.6. the Partnership undergo a significant structural change, such as a merger, acquisition, or dissolution, which affects its ability to manage or uphold the Tokens and/or 8.9.1.7. the Limited Partner becomes insolvent, declares bankruptcy, and/or 8.9.1.8. there is a significant technological disruption or failure that makes it impossible for the Partnership to manage or distribute the Tokens and/or 8.9.1.9. the Partnership receives a directive or notice from a regulatory body or authority requiring the cessation of the Tokens' distribution or management; and/or 8.9.1.10. the Limited Partner's actions or associations bring disrepute or negative publicity to the Partnership or Rainfin, affecting its reputation or business operations adversely; and/or 8.9.1.11. where the general partner of the Partnership and any management Partnership employed by the Partnership has disposed of the Asset on the basis that the Investment is no longer sustainable and it is in the interests of the Limited Partners to dispose of the Asset; and/or 8.9.1.12. the Partnership determines that continuing to allow the Limited Partner to hold Tokens poses a significant risk to the Partnership 's other investors or stakeholders and/or 8.9.1.13. The partnership need to comply with new or updated international sanctions or embargoes or laws that restrict certain individuals or entities and/or 8.9.1.14. the Limited Partner fails to provide necessary documentation or information required by the Partnership for compliance or due diligence purposes within a specified timeframe. 8.9.2. Tokens will be compulsorily redeemed at the Redemption Date Price following the issuance of a notice of compulsory redemption to the relevant Limited Partners, and the provisions of clause Error! Reference source not found. shall apply mutatis m utandis thereto.

Compulsory Redemption. 8.9.111.10.1. The Partnerships may compulsorily redeem all of the Tokens held by a Limited Partner User if – 8.9.1.111.10.1.1. the holding of such Tokens may, in the sole discretion of the PartnershipPartnerships, result in regulatory, pecuniary, legal, taxation, material administrative, reputational or other harm or disadvantage to the Partnership Partnerships or its Partners and/or 8.9.1.211.10.1.2. the Investment is no longer reasonably achievable due to unforeseen circumstances and/or 8.9.1.311.10.1.3. any law is passed which renders it illegal or impracticable for the Partnership Partnerships to continue its operations and/or 8.9.1.411.10.1.4. the Limited Partner User is found to have engaged in fraudulent or malicious activities that jeopardise the integrity or security of the Partnership’s operations and/or 8.9.1.511.10.1.5. the Limited Partner User has breached any of the terms and conditions of this Agreement, and such breach has not been remedied within a specified period; and/or 8.9.1.611.10.1.6. the Partnership Partnerships undergo a significant structural change, such as a merger, acquisition, or dissolution, which affects its ability to manage or uphold the Tokens and/or 8.9.1.711.10.1.7. the Limited Partner User becomes insolvent, declares bankruptcy, and/or 8.9.1.811.10.1.8. there is a significant technological disruption or failure that makes it impossible for the Partnership Partnerships to manage or distribute the Tokens and/or 8.9.1.911.10.1.9. the Partnership Partnerships receives a directive or notice from a regulatory body or authority requiring the cessation of the Tokens' distribution or management; and/ordistribution 8.9.1.1011.10.1.10. the Limited PartnerUser's actions or associations bring disrepute or negative publicity to the Partnership Partnerships , Rainfin or Rainfinthe Partnerships , affecting its reputation or business operations adversely; and/or 8.9.1.1111.10.1.11. where the general partner of the Partnership Partnerships and any management Partnership Partnerships employed by the Partnership Partnerships has disposed of the Asset on the basis that the Investment is no longer sustainable and it is in the interests of the Limited Partners Users to dispose of the Asset; and/or 8.9.1.1211.10.1.12. the Partnership Partnerships determines that continuing to allow the Limited Partner User to hold Tokens poses a significant risk to the Partnership Partnerships 's other investors or stakeholders and/or 8.9.1.1311.10.1.13. The partnership partnerships need to comply with new or updated international sanctions or embargoes or laws that restrict certain individuals or entities and/or 8.9.1.1411.10.1.14. the Limited Partner User fails to provide necessary documentation or information required by the Partnership Partnerships for compliance or due diligence purposes within a specified timeframe. 8.9.211.10.2. Tokens will be compulsorily redeemed at the Redemption Date Price following the issuance of a notice of compulsory redemption to the relevant Limited PartnersUsers, and the provisions of clause Error! Reference source not found. 11.7.2 shall apply mutatis m utandis mutandis thereto.

Compulsory Redemption. 8.9.1. 8.11.1 The Partnerships may compulsorily redeem all of the Tokens held by a Limited Partner if –if: 8.9.1.1. 8.11.1.1 the holding of such Tokens may, in the sole discretion of the Partnership, result in regulatory, pecuniary, legal, taxation, material administrative, reputational or other harm or disadvantage to the Partnership or its Partners and/or 8.9.1.2. 8.11.1.2 the Investment is no longer reasonably achievable due to unforeseen circumstances and/or 8.9.1.3. 8.11.1.3 any law is passed which renders it illegal or impracticable for the Partnership to continue its operations and/or 8.9.1.4. 8.11.1.4 the Limited Partner is found to have engaged in fraudulent or malicious activities that jeopardise the integrity or security of the Partnership’s operations and/or 8.9.1.5. 8.11.1.5 the Limited Partner has breached any of the terms and conditions of this Agreement, and such breach has not been remedied within a specified period; and/or 8.9.1.6. 8.11.1.6 the Partnership undergo a significant structural change, such as a merger, acquisition, or dissolution, which affects its ability to manage or uphold the Tokens and/or 8.9.1.7. 8.11.1.7 the Limited Partner becomes insolvent, declares bankruptcy, and/or 8.9.1.8. 8.11.1.8 there is a significant technological disruption or failure that makes it impossible for the Partnership to manage or distribute the Tokens and/or 8.9.1.9. 8.11.1.9 the Partnership receives a directive or notice from a regulatory body or authority requiring the cessation of the Tokens' distribution or management; and/or 8.9.1.10. 8.11.1.10 the Limited Partner's actions or associations bring disrepute or negative publicity to the Partnership or Rainfin, affecting its reputation or business operations adversely; and/or 8.9.1.11. 8.11.1.11 where the general partner of the Partnership and any management Partnership partnership employed by the Partnership has disposed Disposed of the Asset on the basis that the Investment is no longer sustainable and it is in the interests of the Limited Partners to dispose Dispose of the Asset; and/or 8.9.1.12. 8.11.1.12 the Partnership determines that continuing to allow the Limited Partner to hold Tokens poses a significant risk to the Partnership Partnership's other investors or stakeholders and/or 8.9.1.13. The partnership need 8.11.1.13 the Partnership needs to comply with new or updated international sanctions or embargoes or laws that restrict certain individuals or entities and/or 8.9.1.14. 8.11.1.14 the Limited Partner fails to provide necessary documentation or information required by the Partnership for compliance or due diligence purposes within a specified timeframe. 8.9.2. 8.11.2 Tokens will be compulsorily redeemed at the Redemption Date Price following the issuance of a notice of compulsory redemption to the relevant Limited Partners, and the provisions of clause Error! Reference source not found. Section 8.10 shall apply mutatis m utandis mutandis thereto.