Restriction During Life. No stockholder shall transfer or encumber any of his shares of capital stock of the Corporation during his lifetime to any person, firm or corporation, without the consent of the Corporation and the other Stockholder, unless the Stockholder desiring to make the transfer or encumber (hereinafter referred to also as the "Transferor") shall have first made the offer hereinafter described and such offer shall not have been accepted.
Restriction During Life. No Shareholder shall assign, encumber, pledge, transfer, or otherwise dispose of any of his or her shares of the Stock to any person without first receiving the written consent of the other Shareholders, unless the Shareholder desiring to make the transfer or encumbrance (the "Transferor") makes an offer to sell in accordance with the provisions of this paragraph, and such offer is not accepted.
