Common use of No Registration Rights to Third Parties Clause in Contracts

No Registration Rights to Third Parties. Without the prior written consents of the holder(s) of at least a majority of the Series A Preferred Shares, the holder(s) of at least a majority of the Series B Preferred Shares, the holder(s) of at least a majority of the Series C-1/C-2 Preferred Shares and the holder(s) of at least of a majority of the Series C-3 Preferred Shares (each voting together as a single class and on an as-converted basis), the Company covenants and agrees that it shall not grant, or cause or permit to be created, for the benefit of any person or entity any registration rights of any kind (whether similar to the demand, “piggyback” or Form F-3 registration rights described in this Section 2, or otherwise) relating to any securities of the Company which are senior to, or on a parity with, those granted to the Holders of Registrable Securities.

Appears in 4 contracts

Samples: Shareholders Agreement, Shareholders Agreement (Pinduoduo Inc.), Shareholders Agreement (Walnut Street Group Holding LTD)

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