Common use of Priority of Piggyback Registration Clause in Contracts

Priority of Piggyback Registration. If the managing underwriter or underwriters of any proposed Underwritten Offering in a Piggyback Registration inform the Company and the holders of such Registrable Securities in writing that the total amount or kind of securities which such holders and any other Persons intend to include in such offering exceeds the number which can be sold in such offering so as to have a significant adverse effect on the price, timing or distribution of the securities offered in such offering or the market for the Company's Common Stock, then the securities to be included in such Registration shall be (i) first, 100% of the securities that the Company proposes to sell, (ii) second, and only if all the securities referenced in clause (i) have been included, the number of Registrable Securities that, in the opinion of such underwriter or underwriters, can be sold without having such adverse effect, allocated as follows: (A) in the Initial Public Offering and

Priority of Piggyback Registration. If the managing underwriter or underwriters of any proposed Underwritten Offering of a class of Registrable Securities included in a Piggyback Registration inform informs the Company and or the holders Holders of such class of Registrable Securities that, in writing that its or their opinion, the total amount or kind number of securities of such class which such holders Holders and any other Persons intend to include in such offering exceeds the number which can be sold in (or during the time of) such offering so as without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered in such offering or on the market for the Company's Common Stocksecurities offered, then the number of securities to be included in such Registration as so determined by the managing underwriter or underwriters (the "Included Securities") shall be allocated as follows: (i) first, 100% of the any securities that the Company proposes to sell, ; (ii) second, and only if all among the securities referenced Holders in clause (i) have been included, the number of Registrable Securities that, proportion to their respective equity ownership in the opinion Company at the time of such underwriter or underwriters, can be sold without having such adverse effect, allocated as follows: (A) in the Initial Public Offering andoffering.

Priority of Piggyback Registration. If the managing underwriter or underwriters of any proposed Underwritten Offering of a class of Registrable Securities included in a Piggyback Registration inform informs the Company and or the holders Holders of such class of Registrable Securities that, in writing that its or their opinion, the total amount or kind number of securities of such class which such holders Holders and any other Persons intend to include in such offering exceeds the number which can be sold in (or during the time of) such offering so as without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered in such offering or on the market for the Company's Common Stocksecurities offered, then the number of securities to be included in such Registration as so determined by the managing underwriter or underwriters (the “Included Securities”) shall be allocated as follows: (i) first, 100% of the any securities that the Company proposes to sell, ; (ii) second, and only if all among the securities referenced Holders in clause (i) have been included, the number of Registrable Securities that, proportion to their respective equity ownership in the opinion Company at the time of such underwriter or underwriters, can be sold without having such adverse effect, allocated as follows: (A) in the Initial Public Offering andoffering.

Priority of Piggyback Registration. If the managing underwriter or underwriters of any proposed Underwritten Offering of a class of Registrable Securities included in a Piggyback Registration inform informs the Company and the holders Holders of such class of Registrable Securities in writing that that, in its or their opinion, the total amount or kind number of securities of such class which such holders Holders and any other Persons intend to include in such offering exceeds the number which can be sold in such offering so as without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered in such offering or the market for the Company's Common Stocksecurities offered, then the securities to be included in such Registration as so determined by the managing underwriter or underwriters (the “Included Securities”) shall be allocated as follows: (i) first, 10050% of the aggregate number of securities that the Company proposes to sell, ; and (ii) second, pro rata among the remaining 50% of the aggregate number of securities that the Company proposes to sell and only if all the securities referenced in clause (i) have been included, the number of Registrable Securities that, shares held by Holders requesting to be included in the opinion of such underwriter or underwriters, can be sold without having such adverse effect, allocated as follows: (A) in the Initial Public Offering anda Piggy-back Registration.