Participation in the Company Clause Samples

Participation in the Company. 1. Asiarim and the Company shall procure that (the board of directors of) the Company shall issue and deliver new shares in the share capital of the Company in such a manner that the total outstanding share capital of the Company shall amount to ten thousand (10,000) Hong Kong Dollars, divided in ten thousand (10,000) shares, par value HKD 1. The new shares shall be issued and delivered in such a manner that each of the Parties will hold the following: (i) Five thousand one hundred (5,100) shares, or fifty one percent (51%) of the outstanding shares in the Company, shall be held by Asiarim; (ii) Four thousand nine hundred (4,900) shares, or forty nine percent (49%) of the outstanding shares in the Company, shall be held by Ascenda.

Participation in the Company. The Parties hereby acknowledge and agree that the terms and conditions of the sale, transfer and delivery of the Company Shares to AUL, being a wholly-owned subsidiary of Asiarim as set forth in the Participation Agreement shall be integrally replaced by the following terms and conditions: 1.1 Reunite hereby sells and transfers to AUL and AUL hereby purchases and acquires from Reunite, one hundred eighty (180) shares in the share capital of the Company, representing all outstanding shares in the capital of the Company.

Participation in the Company