Common use of Restrictions on Disposals Clause in Contracts

Restrictions on Disposals. The parties hereby agree that no person (other than an existing Holder) shall acquire any interest in any Holders’ Shares or New Shares (and the Company shall not be obliged to register any transfer of any Holders’ Shares or New Shares or any interest therein by any Holder) by way of a Private Transfer unless such person has (i) entered into a deed of adherence in a form reasonably acceptable to the Company agreeing to be bound by this Agreement and (ii) provided to the Company a duly executed Proxy covering the total number of Holders’ Shares and New Shares in respect of which such person is to acquire an interest.

Appears in 1 contract

Sources: Voting Agreement (Toppoint Holdings Inc.)

Restrictions on Disposals. The parties hereby agree that no person (other than an existing Holder) shall acquire any interest in any Holders’ Conversion Shares or New Shares (and the Company shall not be obliged to register any transfer of any Holders’ Conversion Shares or New Shares or any interest therein by any Holder) by way of a Private Transfer unless such person has (i) entered into a deed of adherence in a form reasonably acceptable to the Company agreeing to be bound by this Agreement and (ii) provided to the Company a duly executed Proxy covering the total number of Holders’ Conversion Shares and New Shares in respect of which such person is to acquire an interest.

Appears in 1 contract

Sources: Voting Agreement and Irrevocable Proxy (Guardforce AI Co., Ltd.)