Common use of Transfer Restriction Clause in Contracts

Transfer Restriction. The Investor agrees not to resell or transfer any Purchased Shares unless prior written consent of the Company is obtained. Subject to any legal or contractual restrictions, if at any time the Investor proposes to dispose of any of the Purchased Shares, then the Investor shall promptly give the Company written notice of its intention to make the disposal (the “Disposal Notice”). The Disposal Notice shall include the number of Shares (“Offered Shares”) to be disposed. The Company will have the first option to purchase all or part of the Offered Shares at the closing price of the Offered Shares on the date of the Disposal Notice, provided that the Company shall exercise its right to purchase within 5 Business Days from the date of receipt of the Disposal Notice.

Transfer Restriction. The Investor agrees not to resell or transfer any Purchased Shares unless prior written consent of the Company is obtained. Subject to any legal or contractual restrictions, if at any time the Investor proposes to dispose of any of the Purchased Shares, then the Investor shall promptly give the Company written notice of its intention to make the disposal (the “Disposal Notice”). The Disposal Notice shall include the number of Shares (“Offered Shares”) to be disposed. The Company will have the first option to purchase all or part of the Offered Shares at the closing price of the Offered Shares on the date of the Disposal Notice, provided that the Company shall exercise its right to purchase within 5 Business Days from the date of receipt of the Disposal Notice.

Transfer Restriction. The Investor agrees not to resell or transfer any Purchased New Shares unless prior written consent of the Company is obtained. Subject to any legal or contractual restrictions, if at any time the Investor proposes to dispose of any of the Purchased New Shares, then the Investor shall promptly give the Company written notice of its intention to make the disposal (the “Disposal Notice”). The Disposal Notice shall include the number of Shares (“Offered Shares”) to be disposed. The Company will have the first option to purchase all or part of the Offered Shares at the closing price of the Offered Shares on the date of the Disposal Notice, provided that the Company shall exercise its right to purchase within 5 Business Days from the date of receipt of the Disposal Notice.

Transfer Restriction. The Investor agrees not to resell or transfer any Purchased Shares unless prior written consent of the Company is obtained. Subject to any legal or contractual restrictions, if at any time the Investor proposes to dispose of any of the Purchased Shares, then the Investor shall promptly give the Company written notice of its intention to make the disposal (the “Disposal Notice”). The Disposal Notice shall include the number of Shares (“Offered Shares”) to be disposed. The Company (or any person designated by the Company) will have the first option to purchase all or part of the Offered Shares at the closing price of the Offered Shares on the date of the Disposal Notice, provided that the Company shall exercise its right to purchase within 5 Business Days from the date of receipt of the Disposal Notice.

Transfer Restriction. The Investor agrees not to resell or transfer any Purchased Shares unless prior written consent of the Company is obtained. Subject to any legal or contractual restrictions, if at any time the Investor proposes to dispose of any of the Purchased Shares, then the Investor shall promptly give the Company written notice of its intention to make the disposal (the “Disposal Notice”). The Disposal Notice shall include the number of Shares (“Offered Shares”) to be disposed. The Company will have the first option to purchase all or part of the Offered Shares at the closing price of the Offered Shares or at a price which is agreed upon by the Parties, on the date of the Disposal Notice, provided that the Company shall exercise its right to purchase within 5 Business Days from the date of receipt of the Disposal Notice.