Common use of Pre-Emptive Right Clause in Contracts

Pre-Emptive Right. The Company hereby grants to each Purchaser who owns shares of Series Preferred or Common Stock (such Purchasers referred to as the "Pre-Emptive Purchasers") the right to purchase a pro rata portion of New Securities (as defined in Section 4.2) which the Company may, from time to time, propose to sell and issue (the "Pre-Emptive Right"). Such Pre-Emptive Purchaser's pro rata share for purposes of this Pre-Emptive Right is the ratio of the number of shares of Common Stock owned by such Pre-Emptive Purchaser (on an as-converted, as-exercised basis) immediately prior to the issuance of New Securities, to the total number of shares of Common Stock outstanding immediately prior to the issuance of New Securities, assuming full conversion of all securities and full exercise of all outstanding rights, options and warrants to acquire Common Stock of the Company. Each Pre-Emptive Purchaser exercising their portion of the Pre-Emptive Right in full (an "Exercising Pre-Emptive Purchaser") shall have a right of over-allotment such that if any other Pre-Emptive Purchaser fails to exercise its right hereunder to purchase its pro rata share of New Securities (a "Non-Purchasing Pre-Emptive Purchaser"), such Exercising Pre-Emptive Purchaser may purchase such portion, on a pro rata basis, by giving written notice to the Company within ten (10) calendar days from the date that the Company provides written notice of the amount of New Securities such Non-Purchasing Pre-Emptive Purchasers have failed to exercise their Pre-Emptive Rights hereunder. This Pre-Emptive Right shall be subject to the following provisions of this Section 4.

Pre-Emptive Right. The Company hereby grants to each Purchaser who owns shares of Series B Preferred Shares, Subordinated Notes or Common Stock Series C Preferred Shares (such Purchasers referred to as the "Pre-Emptive Purchasers") the right to purchase a pro rata portion of New Securities (as defined in Section 4.2) which the Company may, from time to time, propose to sell and issue (the "Pre-Emptive Right"). Such Pre-Emptive Purchaser's pro rata share for purposes of this Pre-Emptive Right is the ratio of the number of shares of Common Stock owned by such Pre-Emptive Purchaser (on an as-converted, as-exercised basis) immediately prior to the issuance of New Securities, to the total number of shares of Common Stock outstanding immediately prior to the issuance of New Securities, assuming full conversion of all securities and full exercise of all outstanding rights, options and warrants to acquire Common Stock of the Company. Each Pre-Emptive Purchaser exercising their portion of the Pre-Emptive Right in full (an "Exercising Pre-Emptive Purchaser") shall have a right of over-allotment such that if any other Pre-Emptive Purchaser fails to exercise its right hereunder to purchase its pro rata share of New Securities (a "Non-Purchasing Pre-Emptive Purchaser"), such Exercising Pre-Emptive Purchaser may purchase such portion, on a pro rata basis, by giving written notice to the Company within ten (10) calendar days from the date that the Company provides written notice of the amount of New Securities such Non-Purchasing Pre-Emptive Purchasers Purchaser have failed to exercise their Pre-Emptive Rights its Right hereunder. This Pre-Emptive Right shall be subject to the following provisions of this Section 4.

Pre-Emptive Right. The 16.1. Prior to the consummation of a Qualified IPO, if the Company hereby grants proposes to each Purchaser who owns shares of Series Preferred issue or Common Stock sell any New Securities (as defined in Section 16.2.1), the Company shall, before such Purchasers referred issuance, offer to as all shareholders (collectively the "Pre-Emptive PurchasersOffered Shareholders") the right to purchase a pro rata portion of New Securities (as defined in Section 4.2) which the Company may, from time to time, propose to sell and issue (the "Prepro-Emptive Right"). Such Pre-Emptive Purchaser's pro rata share of the New Securities. A shareholder's pro-rata share, for purposes of this Pre-Emptive Right Section, is the ratio of the number of issued shares of Common Stock owned by such Pre-Emptive Purchaser (on an as-converted, as-exercised basis) Shareholder immediately prior to the issuance of New SecuritiesSecurities (treating all Preferred Shares as if fully converted), to the total number of shares of Common Stock outstanding immediately prior to the issuance of New Securities, assuming full conversion of Securities (treating all securities and full exercise of all outstanding rights, options and warrants to acquire Common Stock of the CompanyPreferred Shares as if fully converted). Each Pre-Emptive Purchaser exercising their portion holder of the Pre-Emptive Right in full (an "Exercising Pre-Emptive Purchaser") Preferred Shares shall have a right of over-allotment such that if any other Pre-Emptive Purchaser of the holders of Preferred Shares fails to exercise its right hereunder to purchase its pro pro-rata share of New Securities (a "Non-Purchasing Pre-Emptive Purchaser")Securities, such Exercising Pre-Emptive Purchaser the other Investors holding Preferred Shares may purchase such portion, on a pro the portion of the non-purchasing shareholder pro-rata basis, by giving written notice according to the Company shareholding ratio between such other shareholders of Preferred Shares, within ten five (105) calendar days from the date that the Company provides written notice such non-purchasing holder of Preferred Shares fails to exercise its rights hereunder to purchase its pro-rata share of New Securities. Each one of the amount Founders shall have a right of over-allotment such that if any of the holders of Ordinary Shares fails to exercise its right hereunder to purchase its pro-rata share of New Securities Securities, each Founder may purchase the portion of the non-purchasing shareholder pro-rata according to the shareholding ratio between the Founders within five (5) days from the date such Nonnon-Purchasing Pre-Emptive Purchasers have failed to exercise their Pre-Emptive Rights hereunderpurchasing holder of 16.2. This Prepre-Emptive Right emptive right shall be subject to the following provisions of this Section 4.provisions:

Pre-Emptive Right. The Company hereby grants to each Purchaser who owns shares of Series Preferred or Common Stock Investor (such Purchasers collectively referred to as the "Pre-Emptive Purchasers") the right to purchase a pro rata portion of New Securities (as defined in Section 4.22.2) which the Company may, from time to time, propose to sell and issue after the date hereof (the "Pre-Emptive Right"). Such Pre-Emptive Purchaser's pro rata share for purposes of this Pre-Emptive Right is the ratio of the number of shares of Common Stock owned by such Pre-Emptive Purchaser (on an as-converted, as-exercised converted basis) immediately prior to the issuance of New Securities, to the total number of shares of Common Stock outstanding immediately prior to the issuance of New Securities, assuming full conversion of all securities and full exercise of all outstanding rights, options and warrants to acquire Common Stock of the Company. Each Pre-Emptive Purchaser exercising their portion of the Pre-Emptive Right in full (an "Exercising Pre-Emptive Purchaser") shall have a right of over-allotment such that if any other Pre-Emptive Purchaser fails to exercise its right hereunder to purchase its pro rata share of New Securities (a "Non-Purchasing Pre-Emptive Purchaser"), such Exercising Pre-Emptive Purchaser may purchase such portion, on a pro rata basis, by giving written notice to the Company within ten (10) calendar days from the date that the Company provides written notice of the amount of New Securities such Non-Purchasing Pre-Emptive Purchasers have Purchaser has failed to exercise their its Pre-Emptive Rights Right hereunder. This Pre-Emptive Right shall be subject to the following provisions of this Section 42.

Pre-Emptive Right. The Company hereby grants to each Purchaser who owns shares of Series Preferred or Common Stock (such Purchasers referred to as the "PrePRE-Emptive PurchasersEMPTIVE PURCHASERS") the right to purchase a pro rata portion of New Securities (as defined in Section 4.2) which the Company may, from time to time, propose to sell and issue (the "PrePRE-Emptive RightEMPTIVE RIGHT"). Such Pre-Emptive Purchaser's pro rata share for purposes of this Pre-Emptive Right is the ratio of the number of shares of Common Stock owned by such Pre-Emptive Purchaser (on an as-converted, as-exercised basis) immediately prior to the issuance of New Securities, to the total number of shares of Common Stock outstanding immediately prior to the issuance of New Securities, assuming full conversion of all securities and full exercise of all outstanding rights, options and warrants to acquire Common Stock of the Company. Each Pre-Emptive Purchaser exercising their portion of the Pre-Emptive Right in full (an "Exercising PreEXERCISING PRE-Emptive PurchaserEMPTIVE PURCHASER") shall have a right of over-allotment such that if any other Pre-Emptive Purchaser fails to exercise its right hereunder to purchase its pro rata share of New Securities (a "NonNON-Purchasing PrePURCHASING PRE-Emptive PurchaserEMPTIVE PURCHASER"), such Exercising Pre-Emptive Purchaser may purchase such portion, on a pro rata basis, by giving written notice to the Company within ten (10) calendar days from the date that the Company provides written notice of the amount of New Securities such Non-Purchasing Pre-Emptive Purchasers have failed to exercise their Pre-Emptive Rights hereunder. This Pre-Emptive Right shall be subject to the following provisions of this Section 4.