Common use of Sale of Stake to Third Party Clause in Contracts

Sale of Stake to Third Party. (a) In the event that the Government Shareholder sells to a third party (other than via a Public Offering) a shareholding stake smaller than eighteen per cent (18%) and the Strategic Partner obtains a majority shareholding in VSEH by exercising its pre- emption right on such sale, the Government Shareholder will cause its nominees on the SalesCo Supervisory Board to vote together with the representative of the Strategic Partner on issues concerning operational measures which are essential to the Strategic Partner's role, including medium term planning, budget, investment planning, personnel adjustment and reorganization, and cost reduction.

Sale of Stake to Third Party. (a) In the event that the Government Shareholder sells to a third party (other than via a Public Offering) a shareholding stake smaller than eighteen per cent (18%) and the Strategic Partner obtains a majority shareholding in VSEH by exercising its pre- emption right on such sale, the Government Shareholder will cause its nominees on the SalesCo Supervisory Board to vote together with the representative of the Strategic Partner on issues concerning operational measures which are essential to the Strategic Partner's role, role including medium term planning, budget, investment planning, personnel adjustment and reorganization, and cost reduction.

Sale of Stake to Third Party. (a) In the event that the Government Shareholder sells to a third party (other than via a Public Offering) a shareholding stake smaller than eighteen per cent (18%) and the Strategic Partner obtains a majority shareholding in VSEH by exercising its pre- emption right on such sale, the Government Shareholder will cause its nominees on the SalesCo DSO Supervisory Board to vote together with the representative of the Strategic Partner on issues concerning operational measures which are essential to the Strategic Partner's role, including medium term planning, budget, investment planning, personnel adjustment and reorganization, and cost reduction.