Founders and Founder Holding Entities. Subject to Section 2.6 below, no Founder or Founder Holding Entity of any Founder, regardless of such Founder’s employment status with the Company, shall directly or indirectly sell, assign, transfer, pledge, hypothecate, or otherwise encumber or dispose of in any way or otherwise grant any interest or right with respect to (“Transfer”) all or any part of any interest in any Equity Securities of the Company now or hereafter owned or held by such Founder or Founder Holding Entity, prior to the IPO without the prior written consents (collectively, the “Required Consents”) of (i) the holders of a two thirds majority of the voting power of the outstanding Preferred Shares (voting together as an single class and on an as-converted basis) and (ii) a majority of the Board respectively; provided that in any case, if the price of Transfer per share thereof is less than the purchase price per share of the Series C Preferred Shares (adjusted for share splits, share dividends, recapitalizations or other similar events), then such Transfer shall require the prior written consent of holders of a majority of outstanding Series C Preferred Shares.
