Common use of Subscriber Covenants Clause in Contracts

Subscriber Covenants. (a) The Subscriber agrees that, in the future, if they decide to sell or otherwise transfer the Subscription Shares, they will only do so, and they will inform such other person that it may only do so, if the offer and sale of the Subscription Shares are: (i) registered under the Securities Act (which the Subscriber acknowledges the Company has no obligation to do); (ii) made in a transaction exempt from the registration requirements of the Securities Act; or (iii) made in regular brokered transactions on the ASX or otherwise outside the United States in accordance with Regulation S under the Securities Act. (b) Except for the sale of the Subscription Shares in regular brokered transactions on the ASX, the Subscriber agrees that they will notify any person to whom any Subscription Shares are sold or otherwise transferred, prior to any such transfer, of the applicability to such person of the provisions of the immediately preceding paragraph.