Common use of Sales to Related Parties Clause in Contracts

Sales to Related Parties. No sale or transfer of shares of Capital ------------------------ Stock of the Company by any Holder to a Related Party of any Holder will be subject to the provisions of Section 3.02 or 3.03, provided that such Related ------------ ---- Party first agrees to assume the obligations of such Holder (without relieving such Holder of any obligations under this Agreement) under this Agreement with respect to the shares of Capital Stock of the Company thereby acquired by it and to be bound by the same terms and conditions that apply to such Holder under this Agreement, the Amended and Restated Articles and the Purchase Agreement, in each case pursuant to a written instrument in a form and substance satisfactory to the other Holders.

Appears in 2 contracts

Sources: Shareholders Agreement (Fresh America Corp), Shareholder Agreement (Fresh America Corp)