Swvl definition
Examples of Swvl in a sentence
Any notice or communication under this Agreement must be addressed, if to the Company, to: Swvl Inc.
Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on Holdings shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by Holdings with the Warrant Agent), as follows: Swvl Inc.
Suite 2500 Houston, TX 77002 Attention: ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ E-mail: ▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ If to the Company, to: Swvl Inc.
Holder agrees, while this Agreement is in effect, to notify Swvl promptly in writing (including by e-mail) of the number of any additional Covered Shares acquired by Holder, if any, after the date hereof.
During the Term, Swvl UAE shall, as compensation for the obligations set forth herein and for all services rendered by Executive in any capacity during such employment under this Agreement, including services as an officer, employee or other appointee, as applicable, with respect to Swvl UAE or the Company, pay Executive a base salary (“Base Salary”) at the annual rate of US$400,000 per year, payable in accordance with Swvl UAE’s standard payroll practices as in effect from time to time.
The right to specific enforcement shall include the right of Swvl to cause Holder to cause the transactions contemplated hereby to be consummated on the terms and subject to the conditions and limitations set forth in this Agreement.
Notwithstanding the foregoing, Swvl Holdings shall have no intention of registering the Retained Swvl Shares at any time such shares may be sold pursuant to Rule 144 under the Securities Act.
During the Term, Swvl UAE shall, as compensation for the obligations set forth herein and for all services rendered by Executive in any capacity during such employment under this Agreement, including services as an officer, employee or other appointee, as applicable, with respect to Swvl UAE or the Company, pay Executive a base salary (“Base Salary”) at the annual rate of US$327,000 per year, payable in accordance with Swvl UAE’s standard payroll practices as in effect from time to time.
SPAC and Swvl are, together with the other parties signatory thereto, concurrently entering into that certain Business Combination Agreement, dated as of the date hereof (as it may be amended, restated or otherwise modified from time to time in accordance with its terms, the “Business Combination Agreement”).
Without limiting the generality of the foregoing, Holder has not relied on any statements or other information provided by SPAC or Swvl in making its decision to enter into, deliver and perform its obligations under this Agreement.