Common use of Demand Rights Clause in Contracts

Demand Rights. The Holders holding a majority of the Registrable Securities held by all of the Holders may at any time make a written request (the “Demand Notice”) that the Company register, and the Company must register (other than pursuant to a Registration Statement on Form S-4 or S-8 or any successor thereto) (a “Demand Registration”), the number of Registrable Securities stated in such request if the Registrable Securities have an anticipated aggregate public offering price (net of underwriting discounts and commissions) of One Hundred Thousand Dollars ($100,000) (a “Demand Registration Statement”). The Company must use its reasonable best efforts to cause any Demand Registration Statement to be filed with the Commission not later than 60 days after it receives a request under this Section.

Demand Rights. The Holders holding a majority of the Registrable Securities held by all of the Holders may at any time make a written request (the “Demand Notice”) that the Company register, and the Company must shall register (other than pursuant to a Registration Statement on Form S-4 or S-8 or any successor thereto) (a “Demand Registration”), the number of Registrable Securities stated in such request if the Registrable Securities have an anticipated aggregate public offering price (net of underwriting discounts and commissions) of One Hundred Thousand Dollars ($100,000) (a “Demand Registration Statement”). The Company must shall use its reasonable best efforts to cause any such Demand Registration Statement to be filed with the Commission not later than 60 sixty (60) days after it receives a request under this Section.