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Add Tag-Along Agreement countersignature

all right drag along rats we're talking about the first off versus common stock and what makes preferred stock preferred is that they have preferences to certain things or rights that they get that come structure holders do not the this is a list of those rights right now we're talking about dragon one rights so what are dragged along rates essentially dragged along right is the right of a majority of shareholders to force minority shareholders to participate in a sale or change of control and what that means is that if a large majority of the preferred stock shareholders say eighty percent want to sell the company and some small shareholder does not or refuses to participate in that sale that they get to drag that small shareholder along whether or not they want to participate and they have to participate in the sample that have to sell the shares so it's a way that one small shareholder cannot hold up the sale of a company for anyways political craziness or otherwise essentially that dragon will allows some percentage of majority to really make the decision about whether or not the company gets sold why is that important because it sells a hundred percent of the company to the buyer that's often an important thing because an acquired company will want 100 percent of the shares they either don't want any shareholders hanging out there or they just don't want new majority shareholders inside their company especially if they're private because if it's a private company that's buying your company there's a whole bunch of information inside their company they may not want to share with the new shareholder so often the acquirer doesn't want new shareholders and the drive alone allows them to purchase every single outstanding share so let's talk about company favorable versus investor there is necessarily a company favourable versus investor favorable situation here it's more like when you think about the investors in favors big versus little it just means that the large shareholders have the ability to make the little shareholders do something but they might not necessarily want to do they have to they have the right to make them saw the company or participate in in the sale