Common use of No Superior Rights Clause in Contracts

No Superior Rights. The Company will not grant registration rights to any person or entity that are superior to the rights granted hereunder without first obtaining the prior written consent of the Holders of at least a majority of then outstanding Registrable Securities; provided, however, that this restriction shall not apply to a grant of registration rights to investors in connection with a private offering of the Company’s securities in which the Company receives gross proceeds of at least $20 million.

No Superior Rights. The Company will not grant registration rights to any person or entity Person that are superior to the rights granted hereunder without first obtaining the prior written consent of the Holders of Purchasers holding at least a majority of then outstanding Registrable Securities; provided, however, that this restriction shall not apply to a grant of registration rights to investors in connection with a private offering fifty-one percent (51%) of the Company’s securities in which Registrable Shares unless the Company receives gross proceeds holders of at least $20 millionRegistrable Shares are also granted such superior rights.

No Superior Rights. The Company will not grant additional registration rights following the date hereof to any person or entity that are superior to the rights granted hereunder without first obtaining the prior written consent of the Holders holders of at least a majority of then outstanding the Registrable Securities; provided, however, that this restriction shall not apply to a grant of registration rights to investors other than in connection with a private offering an Equity Financing pursuant to Section 6.18 of the Company’s securities in which the Company receives gross proceeds of at least $20 millionStock Purchase Agreement.

No Superior Rights. The Company will not grant registration rights to any person or entity that are superior to the rights granted hereunder without first obtaining the prior written and executed consent of the Holders holders of at least a majority 66 2/3% of then outstanding the Registrable Securities; provided, however, that this restriction shall not apply to a grant of registration rights to investors in connection with a private offering of the Company’s securities in which the Company receives gross proceeds of at least $20 million.