Right to Piggyback on a Registered Offering. Subject to the limitations set forth in this Agreement, in connection with any underwritten registered offering of Common Stock (whether at the initiative of the Company or otherwise), each of the Stockholders, in its sole discretion, may include in such offering Registrable Shares held by such Stockholder. The Company will provide notice to the Stockholders regarding such registered offering of securities as required by this Agreement and comply with all other requirements of the Company in the manner set forth in this Agreement.
Right to Piggyback on a Registered Offering. In connection with any registered offering of Shares covered by a registration statement after the Company’s Initial Public Offering (whether pursuant to the exercise of demand rights or at the initiative of the Company), the Holders may exercise piggyback rights to have included in such offering Registrable Securities held by them, subject in each case to any cutbacks imposed in accordance with Section 3.5 hereof and the limitations set forth in Section 2.5 hereof. The Company will facilitate in the manner described in this Agreement any such registered offering. The Holders’ exercise of such piggyback rights will not constitute a Demand Offering.
