Common use of Automatic Additional Parties Clause in Contracts

Automatic Additional Parties. This Agreement shall automatically apply to any additional Series D Preferred Shares of the Company which may be issued under a Convertible Loan Agreement to be entered into between the Company and certain shareholders of the Company and potentially additional third parties; third parties which are not a party to this Agreement to which Series D Preferred Shares shall be issued shall automatically be deemed a party to this Agreement and be considered Investors under this Agreement for all intents and purposes.

Appears in 2 contracts

Sources: Investors’ Rights Agreement (WhiteSmoke, Inc.), Investors’ Rights Agreement (WhiteSmoke, Inc.)