Common use of Certain Restrictions on Transfer Clause in Contracts

Certain Restrictions on Transfer. No transfer in whole or in part of any Shares by a Shareholder shall be made whether by sale, pledge, assignment, mortgage, gift, will, the laws of descent and distribution or by operation of law, and no transfer of any Shares shall be made on the books of the Company and no unregistered transfer of any equity interest shall be made or be effective except as provided herein.

Appears in 2 contracts

Sources: Shareholders' Agreement (Complete Wellness Centers Inc), Subscription and Shareholders' Agreement (Complete Wellness Centers Inc)