Common use of Restrictions on Transferability of Securities Clause in Contracts

Restrictions on Transferability of Securities. Except as set forth in this Section 9, the Present Shareholders and the Purchaser agree not to sell or transfer any of their shares and rights in the Company to a third party. This Section 9 will terminate upon the initial offering of the Company's shares to the public.

Restrictions on Transferability of Securities. 9. Except as set forth in this Section 9, the Present Shareholders and the Purchaser agree agrees not to sell or transfer any of their its shares and rights in the Company to a third party. This Section 9 will terminate upon the initial offering of the Company's shares to the publicIPO.