Sales to Proposed Transferee. The Offered Securities not so purchased ---------------------------- may be sold at any time within 120 days after the date the Offer was made. Any such sale shall be to the Proposed Buyer, at not less than the price and upon other terms and conditions, if any, not more favorable to the transferee than those specified in the Offer. Any Offered Securities not sold within the permitted time period shall continue to be subject to the requirements of a prior Offer pursuant to this Section 2.
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Sources: Securities Purchase Agreement (Ward North America Holding Inc), Investor Rights Agreement (Anchor Pacific Underwriters Inc)
Sales to Proposed Transferee. The If the Purchasers do not purchase all of the Offered Securities, the Offered Securities not so purchased ---------------------------- may be sold by the Company at any time within 120 days after the date the Offer was made. Any such sale shall be to the Proposed Buyer, at not less than the price and upon other terms and conditions, if any, not more favorable to the transferee Proposed Buyer than those specified in the Offer. Any Offered Securities not sold within the permitted time period shall continue to be subject to the requirements of a prior Offer pursuant to this Section 2Article 14.
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