Common use of Cumulative Restrictions Clause in Contracts

Cumulative Restrictions. For purposes of clarity, the restrictions on transfer set forth in this Agreement are cumulative with, and in addition to, the restrictions set forth in the Restricted Share Agreement and not in lieu thereof. Notwithstanding anything to the contrary contained herein, in no event may a Founder or Founder Holding Entity Transfer any Restricted Shares (as defined in the Restricted Share Agreement) not in compliance with the Restricted Share Agreement.

Appears in 2 contracts

Sources: Right of First Refusal and Co Sale Agreement, Right of First Refusal and Co Sale Agreement (LightInTheBox Holding Co., Ltd.)