Common use of Bearer Shares Clause in Contracts

Bearer Shares. The Sellers represent and warrant on a continuing basis to the Buyers that : (a) the Sellers do not have any bearer shares in issue nor will they issue bearer shares; and (b) they shall not nominate an entity under this Agreement which has any bearer shares in issue or that will issue bearer shares. The Sellers agree that a breach of this clause shall entitle the Buyers to terminate this Agreement at will, that the Deposit together with interest (if any) shall be immediately released to the Buyers and that the Sellers shall sign any required joint release instructions for presentation to the Deposit Holder in order for the Deposit to be released to the Sellers. For and on behalf of the Sellers For and on behalf of the Buyers /s/ Xxxxxxxxx Xxxxxxxxx /s/ Xxxxxx Xxxxxxxx Name: Xxxxxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxx Title: Attorney-in-fact Title: Director Date: 4th July, 2018

Bearer Shares. The Sellers represent and warrant on a continuing basis to the Buyers that : (a) the Sellers do not have any bearer shares in issue nor will they issue bearer shares; and (b) they shall not nominate an entity under this Agreement which has any bearer shares in issue or that will issue bearer shares. The Sellers agree that a breach of this clause shall entitle the Buyers to terminate this Agreement at will, that the Deposit together with interest (if any) shall be immediately released to the Buyers and that the Sellers shall sign any required joint release instructions for presentation to the Deposit Holder in order for the Deposit to be released to the Sellers. For and on behalf of the Sellers For and on behalf of the Buyers /s/ Xxxxxxxxx Xxxxxxxxx /s/ Xxxxxx Xxxxxxxx Name: Xxxxxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxx Xxxxxxxxx Name: ____________________ Title: Attorney-in-fact Title: Director ____________________ Date: 4th July, 2018

Bearer Shares. The Sellers represent and warrant on a continuing basis to the Buyers that : (a) the Sellers do not have any bearer shares in issue nor will they issue bearer shares; and (b) they shall not nominate an entity under this Agreement which has any bearer shares in issue or that will issue bearer shares. The Sellers agree that a breach of this clause shall entitle the Buyers to terminate this Agreement at will, that the Deposit together with interest (if any) shall be immediately released to the Buyers and that the Sellers shall sign any required joint release instructions for presentation to the Deposit Holder in order for the Deposit to be released to the Sellers. For and on behalf of the Sellers For and on behalf of the Buyers /s/ Xxxxxxxxx Xxxxxxxxx /s/ Xxxxxx Xxxxxxxx Name: Xxxxxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxx Xxxxxxxxx Name: ______________ Title: Attorney-in-fact Title: Director _______________ Date: 4th July, 2018