SHARE RESTRICTION AGREEMENT
THIS SHARE RESTRICTION AGREEMENT (this “Agreement”) is entered into
on (the “Effective Date”), by and among ,
a organized under the laws of [Cayman Islands] (the “Company”), each of the individuals and their respective holding companies through which such individual holds certain ordinary shares of the Company as listed on Schedule I attached hereto (each such individual, a “Principal” and collectively, the “Principals”, each such holding company, a “Holding Company” and collectively, the “Holding Companies” and with the Principals, the “Restricted Persons”), and the Persons listed on Schedule II attached hereto, together with its successor and permitted assign and transferee (the “Investor”). Each of the parties to this Agreement is referred to herein individually as a “Party” and collectively as the “Parties”. Capitalized terms used herein without definition shall have the meanings set forth in the Shareholders Agreement (as defined below).
RECITALS
A. The Investor has agreed to purchase from the Company, and the Company has agreed to sell to the Investor, certain Series A Preferred Shares of the Company on the terms and conditions set forth in the Series A Preferred Share Purchase Agreement dated by and among the Company, the Principals, the Holding Companies, the Investor, and the other parties thereto (the “Purchase Agreement”).
B. The Purchase Agreement provides that it is a condition precedent to the consummation of the transactions contemplated under the Purchase Agreement that the Parties enter into this Agreement.
C. The Parties desire to enter into this Agreement and make the respective representations, warranties, covenants and agreements set forth herein on the terms and conditions set forth herein.
WITNESSETH
NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties intending to be legally bound hereto hereby agree as follows:
1. Definitions.
1.1 The following terms shall have the meanings ascribed to them below:
“Affiliate” means, with respect to a Person, any other Person th at, directly or indirectly, Controls, is Controlled by or is under common Control with such Person. In the case of any Investor, the term “Affiliate” also includes (v) any shareholder of such Investor, (w) any of such shareholder’s or such Investor’s gene ral partners or limited partners, (x) the fund manager managing or advising such shareholder or such Investor (and general