This POA is suitable in case a shareholder defaults of its obligations under the shareholders / joint venture agreement. The Deed appoints the Company as its attorney for all transfer and acts under the Agreement.
The Principal hereby irrevocably and unconditionally (and by way of security for the performance of its obligations under the Agreement) appoints the Company as its attorney to execute and do in its name or otherwise and on its behalf all transfers and other documents, acts and things which such attorney may in its absolute discretion consider necessary or desirable in connection with effecting any transfer of securities or any other action provided for by the Agreement.
power of attorney,
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