Common use of Lead Investor Conflict of Interest Clause in Contracts

Lead Investor Conflict of Interest. In the event that Wefunder determines, in good faith, that the Lead Investor has a conflict of interest only with respect to a particular matter or voting decision, Wefunder may require that the Lead Investor submit such voting decision to all Investors. In such case, the Lead Investor must give Investors five (5) calendar days (or such other time period as may be prescribed by Wefunder) to submit their voting decisions to the Lead Investor, and the Lead Investor must vote the Securities in accordance with the decision of a majority of the Investors (calculated on the basis of ownership of Securities) who provide a voting decision within such time period.

Appears in 5 contracts

Samples: Lead Investor Agreement, Lead Investor Agreement, Lead Investor Agreement

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