Common use of Subsequent Shareholders Clause in Contracts

Subsequent Shareholders. The Company agrees that in the event any person subscribes for Series A Preferred Shares in the capital of the Company at any time in the future, the Company will cause such person to agree in writing to be bound by the terms and conditions of paragraph 3 of this Agreement and to consent to and do any and all acts or things which may be necessary to give effect to the terms thereof.

Appears in 2 contracts

Sources: Share Exchange Agreement (KHD Humboldt Wedag International Ltd.), Share Exchange Agreement (Mass Financial Corp.)