Share Transfer Restriction Agreement股份轉讓限制協(xié)議

-15-ShareTransferRestrictionAgreement股份轉讓限制協(xié)議核心提示：SHARETRANSFERRESTRICTIONAGREEMENT,datedasof_________,_________,_________(M,D,Y)(thisAgreement),amongcertainshareholderslistedonthesignaturepagesheretoofAAACrossingLtd.,acompanyformedunderthelawsof_________(theAAASharSHARETRANSFERRESTRICTIONAGREEMENT,datedasof_________,_________,_________(M,D,Y)(thisAgreement),amongcertainshareholderslistedonthesignaturepagesheretoofAAACrossingLtd.,acompanyformedunderthelawsof_________(theAAAShareholdersandAAA,respectively)andcertainshareholderslistedonthesignaturepagesheretoofBBBCorporation,a_________corporation(theBBBShareholdersandBBB,respectively)ontheonehand,andAAAontheotherhand.TheAAAShareholdersandBBBShareholdersarereferredtohereincollectivelyastheShareholders.A.AAA,BBBandCCCCorp.(MergerSub)arepartiestothatcertainAgreementandPlanofMerger,datedasof_________,_________,_________(M,D,Y),asamendedbyConsentandAmendmentNo.1,datedasof_________,_________,_________(M,D,Y),andbyAmendmentNo.2,datedasof_________,_________,_________(M,D,Y)(asamended,theMergerAgreement),providingfor,amongotherthings,themergerofMergerSubwithandintoBBB(theMerger).B.EachAAAShareholderbeneficiallyownssharesofCommonStock,parvalue$,_________pershare,ofAAA(theAAACommonStock).EachBBBShareholderbeneficiallyownssharesofCommonStock,parvalue$,_________pershare,ofBBB(theBBBCommonStock).UponconsummationoftheMerger,eachshareofBBBCommonStockwillbeconvertedintotherighttoreceivesharesofAAACommonStockassetforthintheMergerAgreementandeachBBBShareholdershallbeneficiallyownsharesofAAACommonStockasaresultoftheconsummationofthetransactionscontemplatedbytheMergerAgreement.AllsuchsharesofBBBCommonStock,togetherwithanyothersharesofcapitalstockofBBBanysuchBBBShareholderacquirespriortotheEffectiveTime(asdefinedintheMergerAgreement)oftheMergerandthesharesofAAACommonStockreceivedbyeachBBBShareholderintheMergerandallsuchsharesofAAACommonStockheldbyeachAAAShareholder,togetherwithanyothersharesofcapitalstockofAAAanysuchShareholderhereinafteracquires,arereferredtoastheSubjectShares.C.TheShareholdersandAAAdesiretoenterintothisAgreementtoprovidefor,amongotherthings,certainrestrictionsonthesaleorothertransferoftherecordownershiporthebeneficialownership,orboth,oftheSubjectSharesfromthedatehereofuntiltheterminationofthisAgreement.D.EachShareholderacknowledgesthatAAAandBBBareenteringintoAmendmentNo.2totheMergerAgreementinrelianceonthecovenantsandotheragreementsoftheShareholderssetforthinthisAgreement.AGREEMENTNOWTHEREFORE,inconsiderationoftheforegoingandthemutualcovenantsandagreementshereincontained,andintendingtobelegallyboundhereby,thepartiesheretoherebyagreeasfollows:SECTION1.CovenantsoftheShareholders.1.1TransferofSubjectShares.DuringthetermofthisAgreement,eachShareholdershallnottransferrecordownershiporbeneficialownership,orboth,ofanySubjectShares;provided,thateachShareholdershallbepermittedtotransferownershipofSubjectShares(i)inconnectionwithdonationstocharitableorganizations,(ii)pledgesorsimilarsecurityarrangementswiththirdpartylenders,(iii)ifconsentedto,priortotheEffectiveTime,byAAAandBBB,(iv)ifconsentedto,subsequenttotheEffectiveTime,byacommittee(theCommittee)oftheBoardofDirectorsofAAAconsistingofoneformerrepresentativeofBBB(theBBBRepresentative)andoneAAAmember(suchconsentnottobeunreasonablywithheld),(v)inconnectionwithaqualifiedorotherdomesticrelationsorderorotherjudicialorder,and(vi)inconnectionwithtransfersmadesolelyforestateplanningpurposes,solongasthetransfereeagreesinwritingtobeboundbythetermsofthisAgreement.ForthepurposeofthisAgreement,thetermtransfermeansasale,anassignment,agrant,atransfer,orotherdispositionofanySubjectSharesoranyinterestofanynatureinanySubjectShares,including,withoutlimitation,thebeneficialownershipofsuchSubjectShares(asdeterminedpursuanttoRegulation13D-GundertheSecuritiesExchangeActof1934,asamended).1.2FurtherAssurances.EachShareholdershallexecuteanddeliverduringthetermofthisAgreement,suchfurthercertificates,agreementsandotherdocumentsasAAAdeterminesinitssolediscretionarenecessaryorappropriatetoimplementtherestrictionsontransferoftheSubjectSharescontainedinSection1.1hereof.SECTION2.RepresentationsandWarrantiesoftheShareholders.EachShareholderseverallyrepresentsandwarrantstoAAAasfollows:2.1PowerandAuthority.EachShareholderhasallrequisitepowerandauthoritytoexecuteanddeliverandperformitsobligationsunderthisAgreement.2.2Authorization;Contravention.TheexecutionanddeliverybyeachShareholderofthisAgreementandtheperformancebyitofitsobligationsunderthisAgreementhave,(1)inthecaseofeachShareholderthatisacorporation,beendulyauthorizedbyallnecessarycorporateactionand(2)donotandwillnotconflictwithorresultinaviolationpursuantto,(A)inthecaseofeachShareholderthatisacorporation,anyprovisionofitscertificateofincorporationorbylaws,orsimilarorganizationaldocument,or(B)anyloanorcreditagreement,note,mortgage,bond,indenture,lease,benefitplanorotheragreement,obligation,instrument,permit,concession,franchise,license,judgment,order,decree,statute,law,ordinance,ruleorregulationapplicabletosuchShareholder,theSubjectSharesoranyofsuchShareholder’sotherpropertiesorassets.2.3BindingEffect.ThisAgreement,whenexecutedanddeliveredbyeachShareholderwillconstituteavalidandbindingobligationofsuchShareholder,enforceableagainstsuchShareholder,inaccordancewithitsterms,exceptassuchenforceabilitymaybelimitedbybankruptcy,insolvency,reorganization,moratoriumandsimilarlawsrelatingtooraffectingcreditors’rightsgenerally,bygeneralequityprinciples,(regardlessofwhethersuchenforceabilityisconsideredinaproceedinginequityoratlaw)orbyanimpliedcovenantofgoodfaithandfairdealing.2.4Litigation.Thereisnoaction,suit,investigation,complaintorotherproceedingpendingagainstanyShareholderor,totheknowledgeofanyShareholder,threatenedagainstanyShareholderoranyotherentityorpersonthatrestrictsinanymaterialrespectorprohibits(or,ifsuccessful,wouldrestrictorprohibit)performancebyanypartyofitsobligationsunderthisAgreement.SECTION3.MiscellaneousProvisions.3.1NoWaivers;Remedies;SpecificPerformance.3.1.1NofailureordelaybyAAAinexercisinganyright,powerorprivilegeunderthisAgreementshalloperateasawaiveroftheright,powerorprivilege.Asingleorpartialexerciseofanyright,powerorprivilegeshallnotprecludeanyotherorfurtherexerciseoftheright,powerorprivilegeortheexerciseofanyotherright,powerorprivilege.TherightsandremediesprovidedinthisAgreementshallbecumulativeandnotexclusiveofanyrightsorremediesprovidedbylaw.3.1.2InviewoftheuniquenessoftheobligationscontainedinthisAgreementandthefactthatAAAwouldnothaveanadequateremedyatlawformoneydamagesintheeventthatanyobligationunderthisAgreementisnotperformedinaccordancewithitsterms,eachoftheShareholdersthereforeagreesthatAAAshallbeentitledtospecificenforcementofthetermsofthisAgreementinadditiontoanyotherremedytowhichAAAmaybeentitled,atlaworinequity.3.2Amendments,etc.Noamendment,modification,termination,orwaiverofanyprovisionofthisAgreement,shallbeeffectiveunlessitshallbeinwritingandsignedanddeliveredbytheShareholdertherebyaffectedandbyAAAandBBBifpriortotheEffectiveTime,andbytheCommitteeifsubsequenttotheEffectiveTime,andthenitshallbeeffectiveonlyinthespecificinstanceandforthespecificpurposeforwhichitisgiven.3.3SuccessorsandAssigns;ThirdPartyBeneficiaries.3.3.1NopartyshallassignanyofitsrightsordelegateanyofitsobligationsunderthisAgreement.AnyassignmentordelegationincontraventionofthisSection3.3.1shallbevoidabinitioandshallnotrelievetheassigningordelegatingpartyofanyobligationunderthisAgreement.3.3.2TheprovisionsofthisAgreementshallbebindinguponandinuresolelytothebenefitofthepartieshereto,theexpressbeneficiariesthereof(totheextentprovidedtherein)andtheirrespectivepermittedheirs,executors,legalrepresentatives,successorsandassigns,andnootherperson.3.4GoverningLaw.ThisAgreementandallrights,remedies,liabilities,powersanddutiesofthepartieshereto,shallbegovernedinaccordancewiththelawsoftheStateof_________withoutregardtoprinciplesofconflictsoflaws.3.5SeverabilityofProvision.IfanytermorotherprovisionofthisAgreementisinvalid,illegalorincapableofbeingenforcedbyanylaworpublicpolicy,allothertermsandprovisionsofthisAgreementshallneverthelessremaininfullforceandeffectsolongastheeconomicorlegalsubstanceofthetransactionscontemplatedherebyisnotaffectedinanymannermateriallyadversetoanyparty.Uponsuchdeterminationthatanytermorotherprovisionisinvalid,illegalorincapableofbeingenforced,thepartiesshallnegotiateingoodfaithtomodifythisAgreementsoastoeffecttheoriginalintentofthepartiesascloselyaspossibleinanacceptablemannerinorderthatthetransactionscontemplatedherebyareconsummatedasoriginallycontemplatedtothegreatestextentpossible.3.6Term.ThisAgreementshallbeeffectiveasofthedatespecifiedinthefirstparagraphofthisAgreement,andshallterminateuponthefirsttooccurof(i)thatdatewhichissixmonthsaftertheEffectiveTimeoftheMergerand(ii)theterminationoftheMergerAgreementpursuanttoSection7.1thereof(theTerminationDate).3.7Survival.Eachrepresentation,warrantyorcovenantshallremaininfullforceandeffectuntiltheTerminationDate.3.8SubmissiontoJurisdiction;Waiver.EachShareholderandAAAirrevocablyagreesthatanylegalactionorproceedingwithrespecttothisAgreementmaybebroughtanddeterminedinthecourtsoftheStateof_________,andeachShareholderandAAAherebyirrevocablysubmitwithregardtoanysuchactionorproceedingforitselfandinrespecttoitsproperty,generallyandunconditionally,tothenon-exclusivejurisdictionoftheaforesaidcourts.EachShareholderandAAAherebyirrevocablywaives,andagreesnottoassert,bywayofmotion,asadefense,counterclaimorotherwise,inanyactionorproceedingwithrespecttothisAgreement,(a)anyclaimthatitisnotpersonallysubjecttothejurisdictionoftheabove-namedcourtsforanyreasonotherthanthefailuretoserveprocessinaccordancewiththisSection3.8,(b)thatitoritspropertyisexemptorimmunefromjurisdictionofanysuchcourtorfromanylegalprocesscommencedinsuchcourts(whetherthroughserviceofnotice,attachmentpriortojudgment,attachmentinaidofexecutionofjudgment,executionofjudgmentorotherwise),and(c)tothefullestextentpermittedbyapplicablelaw,that(i)thesuit,actionorproceedinginanysuchcourtisbroughtinaninconvenientforum,(ii)thevenueofsuchsuit,actionorproceedingisimproperand(iii)thisAgreement,orthesubjectmatterhereof,maynotbeenforcedinorbysuchcourts.ThisAgreementdoesnotinvolvelessthan$,_________andthepartiesintendthatSection5-1401ofthe_________GeneralObligationswillapplytothisAgreement.3.9WaiverofJuryTrial.Eachparty,asaconditionofitsrighttoenforceordefendanyrightunderorinconnectionwiththisAgreement,waivesanyrighttoatrialbyjuryinanyactiontoenforceordefendanyrightunderthisAgreementan