Common use of Transfers Void; Conditions to Permitted Transfers Clause in Contracts

Transfers Void; Conditions to Permitted Transfers. Each Stockholder agrees that it will not Transfer any Common Stock or Preferred Stock that such Stockholder now owns or hereafter acquires without complying with the terms and conditions of this Agreement. Any Transfer of Common Stock or Preferred Stock in violation of this Agreement shall be void ab initio. No Stockholder may do indirectly, through a sale of its capital stock or otherwise, that which is not permitted by this Section 3. No shares of Common Stock or Preferred Stock may be Transferred or issued to any Person unless such Person, prior to or concurrently with such Transfer or issuance, undertakes by a written supplemental agreement to be bound by the terms of this Agreement and the Put/Call Agreement to the same extent and in the same manner as the other Stockholders.