IPO Commitment. Subject to the requirements of applicable securities laws and regulations, and in connection with the Company’s first underwritten public offering of its Common Stock under the Securities Act (the “IPO”), the Company shall have the right (at its option and in its sole discretion) to require that IVP purchase from the Company up to ten percent (10%) of the total number of shares of Common Stock to be sold in the IPO (such right, the “IPO Commitment Right”). Notwithstanding the foregoing, the Company shall only have the IPO Commitment Right if the IPO occurs more than one year following October 17, 2018.
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Sources: Investors’ Rights Agreement (HashiCorp, Inc.), Investors’ Rights Agreement (HashiCorp, Inc.)