Common use of Notice of Sales Clause in Contracts

Notice of Sales. Should a Founder (a “Seller”) propose to accept one or more bona fide offers (collectively, the “Purchase Offer”) from any persons (“Purchasers”) to purchase Founders Shares from such Seller (other than as set forth 4.2(d) hereof), then such Seller shall, promptly after exercise or termination of any rights of first refusal held by the Company, deliver a notice (the “Notice”) to the Company and all Investors holding more than 750,000 shares of Eligible Securities (“Eligible Investors”).

Notice of Sales. Should a Founder (a “Seller”) propose to accept one or more bona fide offers (collectively, the “Purchase Offer”) from any persons (“Purchasers”) to purchase Founders Shares from such Seller (other than as set forth 4.2(d) hereof5.2(d)), then such Seller shall, promptly after exercise or termination of any rights of first refusal held by the CompanyCompany or the Eligible Investors, deliver a notice (the “Notice”) to the Company and all Eligible Investors holding more than 750,000 shares describing the terms and conditions of Eligible Securities (“Eligible Investors”)the Purchase Offer.