Common use of Restrictions to Transfer Clause in Contracts

Restrictions to Transfer. Each Party cannot do, or agree to do, any of the following without the prior written consent of the other Party: sell, transfer lease, assign, encumber, dispose of, create any liability over or any rights or interest relating to, all or any part of the Company’s shares. The Parties shall procure that any transferee of the Company’s shares must enter into a Deed of Adherence substantially in the form set out in Schedule 1 hereto attached, and also agree to be bound by the Articles of Incorporation and other agreements entered into between the shareholders of the Company. On ceasing to be a shareholder, a Party must hand over to the Company material correspondence, schedules, documents and records relating to the Company that are in the Party’s possession or control and the Party shall not keep any copies.