Common use of Restrictions on Sales of Control of the Company Clause in Contracts

Restrictions on Sales of Control of the Company. No Stockholder shall be a party to any Stock Sale unless all holders of Common Stock are allowed to participate in such transaction and the consideration received pursuant to such transaction is allocated among the parties thereto pro rata based on the number of shares of Common Stock held by such parties, unless the holders of at least eighty-five percent (85%) of the Common Stock elect otherwise by written notice given to the Company at least ten (10) days prior to the effective date of any such transaction or series of related transactions.

Restrictions on Sales of Control of the Company. No Stockholder shall be a party to any Stock Sale unless all holders of Common Preferred Stock are allowed to participate in such transaction and the consideration received pursuant to such transaction is allocated among the parties thereto pro rata based on in the number of shares of Common manner specified in the Restated Certificate immediately prior to the Stock held by Sale (as if such partiestransaction were a Deemed Liquidation Event), unless the holders of at least eighty-five percent (85%) a majority of the Preferred Stock, voting together as a single class and not as a separate series and on an as-converted to Common Stock elect basis, otherwise by written notice given to the Company at least ten (10) days prior to the effective date of any such transaction or series of related transactionsapprove.