Excluded Transfers. The RIGHT OF FIRST REFUSAL shall not apply to a transfer to a trustee for the benefit of the HOLDER's brothers, sisters, ancestors, descendants or spouse, provided that the transferring HOLDER retains full control with respect to the voting rights of such shares and that such transferee shall agree in writing (in a form satisfactory to the Board) to take the stock subject to all the terms of this Section 3 providing for a RIGHT OF FIRST REFUSAL with respect to any subsequent transfer.
Appears in 5 contracts
Samples: Stock Purchase Agreement (Bam Entertainment Inc), Stock Purchase Agreement (Bam Entertainment Inc), Stock Purchase Agreement (Bam Entertainment Inc)
