Optional: Preemptive Rights Sample Clauses

Optional: Preemptive Rights. (a) Each Stockholder, so long as it shall own, of record or beneficially, any shares of Common Stock, shall have a right (the “Preemptive Right”) to purchase its pro rata share of New Securities (as defined in Section 4(b) below), which the Company, from time to time, proposes to sell and issue. Each Stockholder’s pro rata share, for purposes of this Preemptive Right, shall be the ratio of (i) the number of shares of shares of Common Stock owned by the Stockholder immediately prior to the issuance of the New Securities, to (ii) the total number of shares of Common Stock issued and outstanding immediately prior to the issuance of the New Securities.