Common use of Sub-division Clause in Contracts

Sub-division. (a) To sub-divide, in such manner as he deems fit, his Shop, the Shares allocated thereto under this Deed and the Right to Occupy attached to such Shares; (b) Without prejudice to the generality of paragraph 2(a) above, to: (i) sub-allocate to any part of that Shop such of the Shares and Management Shares allocated to that Shop under this Deed as he deems fit; (ii) sell, assign, charge, mortgage or otherwise dispose of or deal with such sub-allocated Shares together with the Right to Occupy the part of that Shop to which such Shares are sub-allocated; and (iii) enter into a Sub-Deed of Mutual Covenant in relation to the sub- divided Shop (in this paragraph 2(b), the “Sub-DMC”) Provided that: (1) subject to paragraph 2(b)(iii)(2) below, the Sub-DMC shall be drafted in accordance with guidelines of the Law Society of Hong Kong from time to time applicable (save to the extent waived by the Law Society of Hong Kong); and (2) the Sub-DMC does not conflict with the provisions of this Deed.

Sub-division. (a) To sub-divide, in such manner as he deems fit, his Shop, the Shares allocated thereto under this Deed and the Right to Occupy attached to such Shares; (b) Without prejudice to the generality of paragraph 2(a) above, to: (i) sub-allocate to any part of that Shop such of the Shares and Management Shares allocated to that Shop under this Deed as he deems fit; (ii) sell, assign, charge, mortgage or otherwise dispose of or deal with such sub-allocated Shares together with the Right to Occupy the part of that Shop to which such Shares are sub-allocated; and (iii) enter into a Sub-Deed of Mutual Covenant in relation to the sub- sub-divided Shop (in this paragraph 2(b), the “Sub-DMC”) Provided that: (1) subject to paragraph 2(b)(iii)(2) below, the Sub-DMC shall be drafted in accordance with guidelines of the Law Society of Hong Kong from time to time applicable (save to the extent waived by the Law Society of Hong Kong); and (2) the Sub-DMC does not conflict with the provisions of this Deed.