Common use of Exempted Transfers Clause in Contracts

Exempted Transfers. The provisions of this Section 2.2 shall not apply to the transfer or retransfer of, and the Shareholders may transfer or retransfer, any Capital Stock held by such Shareholder to or for the benefit of (i) any spouse, parent, child, brother, sister, grandchild, or lineal descendant (including adopted children and stepchildren) of such holder (including, without limitation, trustee(s) of a trust for the benefit of the Shareholder or any of the foregoing); (ii) any trustee of a voting trust for purposes of transferring shares into such voting trust; or (iii) any legal representative, devisee, or heir of a Shareholder upon his or her death, provided all such transferees shall take such Offered Stock subject to all the restrictions, terms, and conditions of this Agreement and shall execute and deliver to the Secretary of the Company a written statement confirming the same prior to acquiring such shares and there shall be no further transfer of such shares except in accordance with this Agreement.

Exempted Transfers. The provisions of this Section 2.2 2.3 shall not apply to the transfer or retransfer of, and the Shareholders may transfer or retransfer, any Capital Stock Shares held by such Shareholder to or for the benefit of (i) any spouse, parent, child, brother, sister, grandchild, or lineal descendant (including adopted children and stepchildren) of such holder (including, without limitation, trustee(s) of a trust for the benefit of the Shareholder or any of the foregoing); (ii) any trustee of a voting trust for purposes of transferring shares into such voting trust; or (iii) any legal representative, devisee, or heir of a Shareholder upon his or her death, provided all such transferees shall take such Offered Stock Stock, subject to all the restrictions, terms, and conditions condition of this Agreement and shall execute and deliver to the Secretary of the Company a written statement confirming the same prior to acquiring such shares and there shall be no further transfer of such shares except in accordance with this Agreement; (iv) the contractual obligations of Will▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇ John ▇. ▇▇▇▇▇ ▇▇▇h Mich▇▇▇ ▇▇▇▇▇ ▇▇▇sting as of the date hereof; (v) the sale of Shares in a public offering or (vi) the transfer by Investor to an affiliate of Investor (each an "Exempted Transfer").

Exempted Transfers. The provisions of this Section 2.2 shall not apply to the transfer or retransfer of, and the Shareholders may transfer or retransfer, any Capital Stock held by such Shareholder to or for the benefit of (i) any spouse, parent, child, brother, sister, grandchild, or lineal descendant (including adopted children and stepchildren) of such holder (including, without limitation, trustee(s) of a trust for the benefit of the Shareholder or any of the foregoing); (ii) any trustee of a voting trust for purposes of transferring shares into such voting trust; or (iii) any legal representative, deviseedevise, or heir of a Shareholder upon his or her death, provided all such transferees shall take such Offered Stock subject to all the restrictions, terms, and conditions of this Agreement and shall execute and deliver to the Secretary of the Company a written statement confirming the same prior to acquiring such shares and there shall be no further transfer of such shares except in accordance with this Agreement.