Shareholder Matrix definition
Shareholder Matrix means a table which shall contain, in respect of each Seller, such Seller’s: (i) name; (ii) address; (iii) number of Sale Shares beneficially held as at such date; (iv) number of Shares to be acquired on the exercise of Options held as at such date which shall become Sale Shares; (v) the percentage of the total issued share capital of the Target Company represented by such aggregate number of Sale Shares; (vi) bank account details; (vii) whether such Seller is an Accredited Investor for the purposes of this Deed; and (viii) each of (a) the Initial Consideration, (b) the Deferred Consideration, and (c) the Earn-Out Value allocated to each such Seller, in substantially the same form set out in Schedule 3 (Form of Shareholder Matrix);