Common use of Allocation of Shares in Piggyback Registration Clause in Contracts

Allocation of Shares in Piggyback Registration. In the event that the Underwriter’s Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b), the number of shares to be included in the Registration shall be allocated among all other Holders and other holders of securities (other than Registrable Securities) requesting and legally entitled to include securities in that Registration, in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to Holders requesting inclusion of Registrable Securities in the offering, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held by such Holders respectively; and (iii) next, to holders of other securities of the Company requesting inclusion of such securities in the offering, in proportion, as nearly as practicable to the respective amounts of securities then held by such other holders respectively. For any Registration subsequent to an initial public offering, the number of Registrable Securities that may be included in the Registration and underwriting under Section 8.2(b)(ii) shall not be reduced to less than 25 percent of the aggregate securities requested by Holders to be included in the Registration without the prior consent of at least a majority of the Holders who have requested their Registrable Securities be included in the Registration and underwriting. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c) shall be included in the Registration Statement.

Allocation of Shares in Piggyback Registration. In the event that the Underwriter’s Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b), the number of shares to be included in the Registration shall be allocated among all other Holders and other holders of securities (other than Registrable Securities) requesting and legally entitled to include securities in that Registration, in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to SkillGreat and Xxxxxxx Xxxx requesting inclusion of its Registrable Securities in the offering (subject to the maximum number set forth in Section 8.1); (iii) next, to other Holders requesting inclusion of Registrable Securities in the offering, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held by such Holders respectively; and (iiiiv) next, to holders (including SkillGreat and Xxxxxxx Xxxx) of other securities of the Company requesting inclusion of such securities in the offering, in proportion, as nearly as practicable to the respective amounts of securities then held by such other holders respectively. For any Registration subsequent to an initial public offering, the number of Registrable Securities that may be included in the Registration and underwriting under Section 8.2(b)(ii) shall not be reduced to less than 25 percent of the aggregate securities requested by Holders to be included in the Registration without the prior consent of at least a majority of the Holders who have requested their Registrable Securities be included in the Registration and underwriting. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c) shall be included in the Registration Statement.

Allocation of Shares in Piggyback Registration. In the event that the Underwriter’s 's Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b), the number of shares to be included in the Registration shall be allocated (subject to Section 8.2(b)) as set forth in this Section 8.2(c). The Registrable Securities held by officers and directors of the Company and the Existing Shareholders shall be excluded from the Registration and underwriting to the extent required by the limitation. If a limitation of the number of shares is still required after this exclusion, the number of shares that may be included in the Registration and underwriting by selling shareholders shall be allocated among all other Holders and other holders of securities (other than Registrable Securities) requesting and legally entitled to include securities in that Registration, in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to Holders requesting inclusion of Registrable Securities in the offering, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held by such which the Holders respectively; and (iii) next, and the other holders would otherwise be entitled to holders of other securities of the Company requesting inclusion of such securities include in the offering, in proportion, as nearly as practicable to the respective amounts of securities then held by such other holders respectivelyRegistration. For any Registration subsequent to an initial public offering, the number of Registrable Securities that may be included in the Registration and underwriting under Section 8.2(b)(ii8.2(c) shall not be reduced to less than 25 percent 10% of the aggregate securities requested by Holders to be included in the Registration without the prior consent of at least a majority of the Holders who have requested their Registrable Securities shares be included in the Registration and underwriting. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c) shall be included in the Registration Statement.

Allocation of Shares in Piggyback Registration. In the ---------------------------------------------- event that the Underwriter’s 's Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b6.2 (b), the number of shares to be included in such Registration shall be allocated (subject to Section 6.2 (b)) in the following manner: the shares (other than Registrable Securities) held by officers or directors of the Company shall be excluded from such Registration and underwriting to the extent required by such limitation. If a limitation of the number of shares is still required after such exclusion, the number of shares that may be included in the Registration and underwriting by selling stockholders shall be allocated among all other Holders and other holders of securities (other than Registrable Securities) requesting and legally entitled to include securities in that Registration, in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to Holders requesting inclusion of Registrable Securities in the offeringthereof, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held which such holders would otherwise be entitled to include in such Registration or in such other proportion as shall be mutually agreed to by such Holders respectivelyholders; and (iii) nextprovided, however, that with respect to holders of a --------- ------- Registration other securities of than the Company requesting inclusion of such securities in the offering, in proportion, as nearly as practicable Registration relating to the respective amounts of securities then held by such other holders respectively. For any Registration subsequent to an Company's initial public offering, the number of Registrable Securities that may be included in the such Registration and underwriting under Section 8.2(b)(ii) shall not be reduced to less than 25 thirty percent (30%) of the aggregate securities requested by Holders to be included in the Registration without the prior consent number of at least a majority of the Holders who have requested their Registrable Securities be included in the Registration and underwritingall shares so included. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c6.2 (c) shall be included in the Registration Statement.

Allocation of Shares in Piggyback Registration. In the event that the Underwriter’s Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b5.2(b), the number of shares to be included in the Registration shall be allocated among all other Holders and other holders of securities (other than Registrable Securities) requesting and legally entitled to include securities in that Registration, in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to Holders requesting inclusion of Registrable Securities in the offering, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held by such Holders respectively; and (iii) next, to holders of other securities of the Company requesting inclusion of such securities in the offering, in proportion, as nearly as practicable to the respective amounts of securities then held by such other holders respectively. For any Registration subsequent to an initial public offering, the number of Registrable Securities that may be included in the Registration and underwriting under Section 8.2(b)(ii5.2(b)(ii) shall not be reduced to less than 25 percent of the aggregate securities requested by Holders to be included in the Registration without the prior consent of at least a majority of the Holders who have requested their Registrable Securities be included in the Registration and underwriting. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c5.2(c) shall be included in the Registration Statement.

Allocation of Shares in Piggyback Registration. In the event that the Underwriter’s Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b), the number of shares to be included in the Registration shall be allocated among all other Holders and other holders of securities (other than Registrable Securities) requesting and legally entitled to include securities in that Registration, in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to Holders requesting inclusion of Registrable Securities in the offering, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held by such Holders respectively; and (iii) next, to holders of other securities of the Company requesting inclusion of such securities in the offering, in proportion, as nearly as practicable to the respective amounts of securities then held by such other holders respectively. For any Registration subsequent to an initial public offering, the number of Registrable Securities that may be included in the Registration and underwriting under Section 8.2(b)(ii) shall not be reduced to less than 25 percent 50 per cent. of the aggregate securities requested by Holders to be included in the Registration without the prior consent of at least a majority of the Holders who have requested their Registrable Securities be included in the Registration and underwriting. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c) shall be included in the Registration Statement.

Allocation of Shares in Piggyback Registration. In the event that the Underwriter’s Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b), the number of shares to be included in the Registration shall be allocated among all other Holders and other holders of securities (other than Registrable Securities) requesting and legally entitled to include securities in that Registration, in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to Holders requesting inclusion of Registrable Securities in the offering, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held by ), which such Holders respectivelywould otherwise be entitled to include in the Registration; and (iii) next, to the other holders of other securities of the Company requesting inclusion of such securities in the offering, in proportion, as nearly as practicable to the respective amounts of securities then held by which such other holders respectivelywould otherwise be entitled to include in the Registration. For any Registration subsequent to an initial public offering, the number of Registrable Securities that may be included in the Registration and underwriting under Section 8.2(b)(ii) shall not be reduced to less than 25 percent 25% of the aggregate securities requested by Holders to be included in the Registration without the prior consent of at least a majority of the Holders who have requested their Registrable Securities be included in the Registration and underwriting. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c) shall be included in the Registration Statement.

Allocation of Shares in Piggyback Registration. In the event that If the Underwriter’s 's Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b), the number of shares to be included in the such Registration shall be allocated (subject to Section 8.2(b)) in the following manner: The shares (other than Registrable Securities) held by officers or directors of the Company shall be excluded from such registration and underwriting to the extent required by such limitation. If a limitation of the number of shares is still required after such exclusion, the number of shares that may be included in the Registration and underwriting by selling shareholders shall be allocated pro rata among all other Holders thereof and other holders of securities (other than Registrable Securities) requesting and legally entitled to include such securities in that Registration, such Registration and to whom such rights were granted in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to Holders requesting inclusion of Registrable Securities in the offeringcompliance with Section 14 hereof, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held by which such Holders respectively; and (iii) next, to holders of other securities of the Company requesting inclusion of such securities in the offering, in proportion, as nearly as practicable to the respective amounts of securities then held by and such other holders respectively. For any Registration subsequent would otherwise be entitled to an initial public offering, the number of Registrable Securities that may be included include in the Registration and underwriting under Section 8.2(b)(ii) shall not be reduced to less than 25 percent of the aggregate securities requested by Holders to be included in the Registration without the prior consent of at least a majority of the Holders who have requested their Registrable Securities be included in the Registration and underwritingsuch Registration. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c) shall be included in the Registration Statement.

Allocation of Shares in Piggyback Registration. In the event that the Underwriter’s 's Representative limits the number of shares to be included in a Registration pursuant to Section 8.2(b), the number of shares to be included in the Registration shall be allocated among all other Holders and other holders of securities (other than Registrable Securities) requesting and legally entitled to include securities in that Registration, in the following order of priority: (i) first, to the Company, to the extent it is offering shares for its own account; and (ii) next, to Holders requesting inclusion of Registrable Securities in the offering, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) then held by ), which such Holders respectivelywould otherwise be entitled to include in the Registration; and (iii) next, to the other holders of other securities of the Company requesting inclusion of such securities in the offering, in proportion, as nearly as practicable to the respective amounts of securities then held by which such other holders respectivelywould otherwise be entitled to include in the Registration. For any Registration subsequent to an initial public offering, the number of Registrable Securities that may be included in the Registration and underwriting under Section 8.2(b)(ii) shall not be reduced to less than 25 percent 25% of the aggregate securities requested by Holders to be included in the Registration without the prior consent of at least a majority of the Holders who have requested their Registrable Securities be included in the Registration and underwriting. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 8.2(c) shall be included in the Registration Statement.