cutback

English to Russian Bus/Financial Finance (general) Размещение акций

(a) Beginning on earlier of three years from closing, or six months after Qualified IPO, two demand registrations upon initiation by holders of at least 30% of outstanding Series A Preferred for aggregate proceeds in excess of $7,500,000. Expenses paid by Company.
(b) Unlimited piggyback registration rights subject to pro rata cutback permitted at the underwriter’s discretion. Full cutback upon a Qualified IPO; 30% minimum inclusion thereafter. Expenses paid by Company.
(c) Unlimited S-3 Registrations of at least
$750,000 each, with no more than two per year. Expenses paid by Company.
No future registration rights may be granted without consent of a majority of Investors unless subordinate to Investors’ rights.