Common use of DIVESTMENT RIGHTS Clause in Contracts

DIVESTMENT RIGHTS. 10.1 If the Proposed Listing is not consummated on or before 31 December 2025 (or such later date as agreed among the parties hereto), Digital Global has the right to purchase all the Subscription Shares from the Subscribers at the Subscription Price. 10.2 If the Proposed Listing is not consummated on or before 31 December 2025 (or such later date as agreed among the parties hereto), the Subscribers have the option to require Digital Global to purchase all the Subscription Shares from the Subscribers at the Subscription Price. 10.3 This Clause 10 shall cease to have effect immediately prior to the day on which dealings in the Shares first commence on NASDAQ.