Common use of Transfers Void Clause in Contracts

Transfers Void. Any attempted Section 4 Shares Transfer by the Section 4 Stockholders in violation of the terms of this Section 4 shall be ineffective to vest in any transferee any interest held by the Transferring Stockholder in the Section 4 Shares. Without limiting the foregoing, any purported Section 4 Shares Transfer in violation hereof shall be ineffective as against the Investor Stockholders and the Corporation, and the Corporation and the Investor Stockholders shall have a continuing right and option (but not an obligation), until the restrictions contained in this Section 4 terminate, to purchase the shares purported to be transferred by the Transferring Stockholders for a price and on terms the same as those at which the purported Section 4 Shares Transfer was effected.

Transfers Void. Any attempted Section 4 Shares Transfer by the Section 4 Stockholders transfer in violation of the terms of this Section 4 shall be ineffective to vest in any transferee Discretionary Transferee any interest held by the Transferring Stockholder transferring Designated Shareholder in the Section 4 Sharesshares. Without limiting the foregoing, any purported Section 4 Shares Transfer transfer in violation hereof shall be ineffective as against the Investor Stockholders and the CorporationCompany, and the Corporation Company, the Investors, and the Investor Stockholders Founders shall have a continuing right and option (but not an obligation), until the restrictions contained in this Section 4 terminate, to purchase the shares securities purported to be transferred by the Transferring Stockholders Designated Shareholder in violation of this Section 4 for a price and on terms the same as those at which the purported Section 4 Shares Transfer transfer was effected.

Transfers Void. Any attempted Section 4 Shares Transfer by the Section 4 Stockholders in violation of the terms of this Section 4 shall be ineffective to vest in any transferee any interest held by the Transferring Stockholder in the Section 4 Shares. Without limiting the foregoing, any purported Section 4 Shares Transfer in violation hereof shall be ineffective as against the Investor Stockholders and the -15- 16 Corporation, and the Corporation and the Investor Stockholders shall have a continuing right and option (but not an obligation), until the restrictions contained in this Section 4 terminate, to purchase the shares purported to be transferred by the Transferring Stockholders for a price and on terms the same as those at which the purported Section 4 Shares Transfer was effected.