1.13 Holder means any holder of Registrable Securities who is a party to this Agreement.
1.14 Immediate Family Member means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, domestic partner, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law including adoptive relationships, of a natural person referred to herein.
1.15 Initiating Holders means, collectively, Holders who properly initiate a registration request under this Agreement.
1.16 IPO means the Companys first underwritten public offering of its Common Stock under the Securities Act.
1.17 Major Investor means any Investor that, individually or together with such Investors Affiliates, holds at least 1,500,000 shares of Registrable Securities (as adjusted for any stock split, stock dividend, combination or other recapitalization or reclassification effected after the date hereof) that is not a competitor (as reasonably determined by the Board).
1.18 New Securities means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights, options or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such equity securities.
1.19 Person means any individual, corporation, partnership, trust, limited liability company, association or other entity.
1.20 Preferred Directors means, collectively, the Series A Directors and the Series B Directors.
1.21 Preferred Stock means, collectively, shares of the Series A Preferred Stock and Series B Preferred Stock.
1.22 Registrable Securities means (a) the Common Stock issuable or issued upon conversion of the Preferred Stock, (b) any Common Stock, or any Common Stock issued or issuable (directly or indirectly) upon conversion and/or exercise of any other securities of the Company, acquired by the Investors after the date hereof, and (c) any Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of, the shares referenced in clause (a) above; excluding, in all cases, however, any Registrable Securities sold by a Person in a transaction in which the applicable rights under this Agreement are not assigned pursuant to Section 6.1 and excluding, for purposes of Section 2, any shares for which registration rights have terminated pursuant to Section 2.13.
1.23 Registrable Securities then outstanding means the number of shares determined by adding the number of shares of outstanding Common Stock that are Registrable Securities and the number of shares of Common Stock issuable (directly or indirectly) pursuant to then exercisable and/or convertible securities that are Registrable Securities.