之内不出售任何公司股份，但所有管理层、董事及持股超过5％的股东也有相同的锁定 Lockup：Investors shall agree in connection with the IPO, if requested by the managing underwriter, not to sell or transfer any shares of Common Stock of the Company for a period of up to 180 days following the IPO provided all directors and officers of the Company and 5％ stockholders agree to the same lockup海棠书屋 www.haitang123.com

Term Sheet（42）

当然，也有简版的登记权条款，如下：

Registration Rights：Two (2) demand registrations, unlimited piggyback registrations (subject to underwriter cutbacks) and S3 registrations, all at Company expenseDemand rights begin upon the earlier of 180 days following an IPO or four (4) years from issuance of the Series A Preferred Stock

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