Private Company; Objects of the Company. 2.1 The Company is a private company, and accordingly: (a) The Company may not offer its securities to the public. (b) The right to transfer shares of the Company is restricted as provided in these Articles. 2.2 The number of shareholders of the Company at any time (other than employees or former employees of the Company who continue to be shareholders of the Company) shall not exceed 50; provided, however, that if two or more individuals hold a share or shares of the Company jointly, they shall be deemed to be one shareholder for purposes of this Article. 2.3 The objects of the Company shall be to engage in any lawful activity. 2.4 The Company may contribute reasonable amounts for any suitable purpose or categories of purposes even if such contributions do not fall within business considerations of the Company. The Board of Directors may determine the amounts of the contributions, the purpose or categories of purposes for which the contribution is to be made, and the identity of the recipient of any contribution.
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Sources: Subscription Agreement (Motus GI Holdings, Inc.), Subscription Agreement (Motus GI Holdings, Inc.)