Common use of Excluded issues Clause in Contracts

Excluded issues. Clause 7.2 does not apply to the following issues of Shares: (a) (consent) an issue with the unanimous approval of HBE and the Founders; or (b) (reorganisation or reconstruction) an issue, which does not dilute the interests of the Shareholders under a bonus issue, sub-division or consolidation of Shares or any other reorganisation or reconstruction of share capital where the Company neither pays nor receives cash.