Common use of Priority on Over-Allotments Clause in Contracts

Priority on Over-Allotments. In the event the underwriters of any offering made pursuant to a Demand Registration exercise one or more over-allotment options with respect such offering, the shares to be included in such over-allotment option(s) will be allocated pro rata among the holders of securities participating such offering on the basis of the number of securities of each such party registered in the underlying registration to which the over-allotment option relates.