Stock Transfer Agreement Delaware

In such a case, the assignee or other beneficiaries shall receive and hold the shares so transferred in accordance with the provisions of Section 3, and there shall be no onward transfer of such shares except in accordance with the terms of this Section 3.1.6. 2048m. sec. 16m. No seizure or deduction from shares, unless the document is issued or transferred:–No seizure or deduction from shares for which a certificate has not been the subject of a certificate is valid until the certificate is actually seized by the official who seizes or issues it or is issued to the company which issued it or until such certificate is actually seized by the official who seizes or issues it to the company which issued it or until such certificate is actually issued confiscated by the officer making the seizure or surrender. Except in areas where a certificate is lost or destroyed, the corporation shall not be required to issue a new certificate for shares until the old certificate is given to it. 3.5. Termination of Rights. The Company`s right of pre-emption and right to repurchase the Shares in the event of an involuntary transfer pursuant to Section 3(c) above terminates upon the first sale of the Company`s common shares to the general public, pursuant to a registration statement filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and declared effective.

as amended (the „Securities Act“). FOR THE VALUE RECEIVED and in accordance with this share repurchase agreement given between the undersigned („Founder“) and [Company Name], a Delaware corporation (the „Company“), dated ______

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