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Termination of Rights. The right of first refusal granted the Company by [Section 3(a)] above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by [Section 3(b)] above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). Upon termination of the right of first refusal and the right to repurchase described in [Sections 3(a) and 3(b)])] above, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in [Section 5(a)(ii)] herein and delivered to Purchaser.

Termination of Rights. The right of first refusal granted the Company by [Section 3(16(a)] above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by [Section 3(16(b)] above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). Upon termination of the right of first refusal and the right to repurchase described in [Sections 3(16(a) and 3(16(b)])] above, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in [Section 5(17(a)(ii)] herein and delivered to Purchaser.Participant.

Termination of Rights.Right of First Refusal. The rightRight of first refusal granted the Company by [Section 3(a)] above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by [Section 3(b)] aboveFirst Refusal shall terminate as to all Shares upon the firsta sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”(a “Public Offering”). Upon termination of the right of first refusal and the right to repurchase described in [Sections 3(a) and 3(b)])] above, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in [Section 5(a)(ii)] herein and delivered to Purchaser.

Termination of Rights. The rightRight of first refusal granted the Company byFirst Refusal. Any other provision of this [Section 3(a)] above and the option to repurchase the Shares3] notwithstanding, in the event ofthat the Stock is readily tradable on an involuntaryestablished securities market when the Purchaser desires to transfer grantedPurchased Shares, the Company by [Section 3(b)] above shall terminate upon the first salehave no Right of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). Upon termination of the right of first refusalFirst Refusal, and the rightPurchaser shall have no obligation to repurchase described in [Sections 3(a)comply with the procedures prescribed by [[Subsections (a) and 3(b)(b)])]])] above, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in [Section 5(a)(ii)] herein and delivered to Purchaser.above.

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