Incredimail 2014 Annual Report Download - page 107

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Upon any sale of a share after forfeiture or surrender or for enforcing a lien, the Board may appoint any person to execute an
instrument of transfer of the share so sold and cause the purchaser’s name to be entered in the Shareholders Register in respect
of such share and the seller's name to be stricken off of the Shareholders Register with respect to such share. The purchaser
shall be registered as the Shareholder and shall not be obligated to supervise the application of the proceeds of such sale and
after his name has been entered in the Shareholders Register in respect of such share, the validity of the sale shall not be
affected by any defect or illegality in the sale proceedings. The sole remedy of any person aggrieved by any such sale shall be
in damages only and against the Company exclusively.
The Company may, subject to and in accordance with the provisions of the Law, purchase or undertake to purchase, provide
finance and or assistance or undertake to provide finance and/or assistance directly or indirectly, with respect to the purchase of
its shares or securities that may be converted into shares of the Company or that confer rights upon the holders thereof to
purchase shares of the Company.
TRANSFER OF SHARES
18.3.
The net proceeds of any such sale, after payment of the costs thereof, shall be applied in or toward satisfaction of the debts or
other liabilities of such Shareholder in respect of such share (whether or not the same have matured), and the remainder (if
any) shall be paid to the Shareholder, his executors, administrators or assigns.
19.
Sale After Forfeiture or Surrender or in Enforcement of Lien
20.
Purchase of the Company
’
s Shares
21.
Registration of Transfer
21.1.
No transfer of shares shall be registered unless a proper writing or instrument of transfer (in any customary form or any other
form satisfactory to the Board) has been submitted to the Company (or its transfer agent), together with the share certificate
(s) or such other evidence of title as the Board may reasonably require.
21.2.
The Board may, in its discretion to the extent it deems necessary and subject to any restrictions in the Law or the rules of any
stock exchange upon which the Ordinary Shares are listed or included for quotation, close the Shareholders Register for
registrations of transfers of shares during any year for periods to be determined by the Board, and no registrations in the
Shareholders Register of transfers of shares shall be made by the Company during any such period during which the
Shareholders Register is so closed.
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