Holders of Common Shares Clause Examples

Holders of Common Shares. Except as provided in Sections 2.2 through 2.5 of this Agreement, any holder (whether directly or indirectly) of Common Shares of the Company other than the Investor or holders of Common Shares converted from Series A Preferred Shares (each a “Restricted Shareholder”), regardless of any such holder’s employment status with the Company, may not transfer any direct or indirect interest in any Equity Securities of the Company now or hereafter owned or held by him or her prior to a Qualified IPO, unless otherwise approved in writing by the majority of the Board, including the approval of the Series A Director. For the purposes hereof, redemption or repurchase of shares by the Company shall not be prohibited under this clause.

Holders of Common Shares are not entitled to any statutory preemptive rights to subscribed to any Shares.

Holders of Common Shares. Except for Selling Shareholders (as defined below) exercising their right to participate in a sale of Equity Securities pursuant to Section 2.3, no Ordinary Shareholder, regardless of any such Ordinary Shareholder’s employment status with the Company, may transfer any direct or indirect interest in any Equity Securities now or hereafter owned or held by him or her at any time prior to the completion of a Qualified IPO, unless otherwise approved in writing by the holders of the Preferred Shares representing not less than eighty-five percent (85%) of the aggregate voting power of the Equity Securities held by holders of all the Preferred Share; provided, that such consent shall not be required if the Preferred Shares in the aggregate account for less than thirty percent (30%) of the Company’s total issued and outstanding Equity Securities on an as-if converted basis. For the purposes hereof, redemption or repurchase of Shares by the Company shall not be prohibited under this clause.

Holders of Common Shares. Except as provided in Sections 2.2 through 2.5 of this Agreement, neither ▇▇. ▇▇ ▇▇▇▇▇ nor ▇▇. ▇▇▇▇▇ Yanqing, regardless of any such holder’s employment status with the Company, may transfer any direct or indirect interest in any Equity Securities now or hereafter owned or held by him or her at any time within two (2) years after the Closing Date, unless otherwise approved in writing by Investors representing not less than seventy-five percent (75%) of the aggregate voting power of the Equity Securities held by the all of the Investors; provided, that such consent of the Investors shall not be required if the Investors hold less than thirty percent (30%) of the Series A Preferred Shares or Common Shares issued on conversion of any Series A Preferred Shares purchased by the Investors pursuant to the Share Purchase Agreement. For the purposes hereof, redemption or repurchase of Shares by the Company shall not be prohibited under this clause.

Holders of Common Shares. Each holder, severally and not jointly, of Common Shares that are included in a registration pursuant to this Agreement will indemnify and hold harmless the Company, each other holder, any underwriter and each person, if any, who controls the Company, such other holder or such underwriter, from and against any and all loss, damage, liability or claim, to which the Company or such other holder or any controlling person and/or any underwriter becomes subject under the 1933 Act or otherwise and to reimburse them, from time to time upon request, for any legal or other costs or expenses reasonably incurred by them in connection with investigating any claims or defending any actions, insofar as such losses, damages, liabilities, costs, or expenses are caused by any untrue or alleged untrue statement of any material fact contained in such registration statement, any prospectus contained therein, or any amendment or supplement thereto, or arise out of or are based upon the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in reliance upon and in strict conformity with written information furnished by such holder specifically for use in the preparation of such registration statement.

Holders of Common Shares. Except as provided in Sections 2.2 through 2.5 of this Agreement, and except as provided in that certain Share Transfer Agreement entered into by and between Guo Ming and Zheng Zhenxiu on March 18, 2004 (the "EXISTING SHARE TRAN▇▇▇▇ ▇▇▇EEMEN▇"), ▇▇▇▇ ▇▇ the Common Shareholders, regardless of such Common Shareholder's employment status with the Company, may transfer any direct or indirect interest in any Equity Securities now or hereafter owned or held by such Common Shareholders prior to a Qualified IPO, unless otherwise approved in writing by SAIF as long as SAIF holds any Preferred Shares. For the purposes hereof, redemption or repurchase of shares by the Company shall not be prohibited under this clause.

Holders of Common Shares. Distributions

Holders of Common Shares. From and after the Effective Time, the holders of Common Shares shall cease to have any rights with respect to such Common Shares, except the right to receive the Common Stock Consideration with respect to each Common Share.