Protects the Shareholders holding a majority of the Issuer’s equity.  This enables the Issuer to pursue certain strategic transactions, such as a sale of the Company, if approved by a majority (or possibly super-majority) of all shareholders. Minority shareholders are forced to join the transaction on the same price and terms as other selling shareholders.  The percent necessary to “trigger” Drag-Along Rights often is as high as 75% approval for the transaction in question.  These are standard terms in a stock purchase agreement, and they terminate upon an initial public offering or sale of the Issuer.  Pertains to real estate and equity investments.

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