BVI Holdco definition
Examples of BVI Holdco in a sentence
The Founder shall fully comply with all requirements of the PRC Governmental Authorities with respect to his holding of any equity interests in the BVI Holdco, the Company and the HK Company, either directly or indirectly, on a continuing basis, including but not limited to, all reporting obligations imposed by, and all Consents required by the SAFE under the SAFE Circular.
The Company, the HK Company, the WFOE, the Domestic Enterprise, Renjuren, the US Subsidiary, certain Investors, the BVI Holdco and the Founder are parties to that certain TENTH AMENDED AND RESTATED SHAREHOLDERS AGREEMENT dated as of February 10, 2020, and its amendment dated August 7, 2020 (the “Prior Agreement”).
Any purported transfer, sale or issuance of any Equity Securities of the BVI Holdco in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no party hereof (including without limitation, the Founder and the BVI Holdco) shall recognize any such transfer, sale or issuance.
The Purchased Share constitute 100% of the issued and outstanding share of the BVI Holdco.
Employer agrees to combine two part-time positions into one full-time position whenever operational needs permit.