Covenants of Purchaser Parties. (a) Purchaser and CE Franklin acknowledge that, as at the date hereof, Purchaser has entered into CE Franklin Shareholder Support Agreements with Xxxxxx Distribution Holdings LLC and with directors and officers of CE Franklin holding, in the aggregate, approximately 1% of the issued and outstanding CE Franklin Shares. Purchaser and Acquisitionco each covenant and agree that they shall not agree with any Person to, or in any way advise, encourage or assist any other person to, agree to support the Arrangement Resolution other than by entering into a CE Franklin Shareholder Support Agreement in the form and content annexed in Schedule 5.1(a)(i) or Schedule 5.1(a)(ii) hereto, which shall respectively be the form of CE Franklin Shareholder Support Agreement used for (i) directors and officers of CE Franklin, and (ii) other CE Franklin Shareholders, unless otherwise agreed to by CE Franklin.
Covenants of Purchaser Parties
