/Docs/G/YCombinator-SeriesAA/Form/InvestorsRightsAgreement_v01.md
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Covenants of the Company
The Company hereby covenants and agrees, as follows:
  1. Provided that the Company has prepared financial statements, the Company will furnish the following reports to each InvestorSelect Threshold.Option.If = {InvRight.Info.Threshold.Shares } or remove Threshold.Option = { _empty } Threshold: who owns at least {InvRight.Info.Threshold.#} shares and/or Conversion Stock (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like):
    1. as soon as practicable after the end of each fiscal year of the Company, an unaudited balance sheet of the Company as at the end of such fiscal year, and unaudited statements of income and cash flows of the Company for such year, prepared in accordance with U.S. generally accepted accounting principles consistently applied.
    2. As soon as practicable after the end of the first, second and third quarterly accounting periods in each fiscal year of the Company, an unaudited balance sheet of the Company as of the end of each such quarterly period, and unaudited statements of income and cash flows of the Company for such period, prepared in accordance with U.S. generally accepted accounting principles consistently applied, subject to changes resulting from normal year-end audit adjustments.
  2. Anything in this Agreement to the contrary notwithstanding, no Investor by reason of this Agreement shall have access to any trade secrets or classified information of the Company. The Company shall not be required to comply with any information rights in respect of any Investor whom the Company reasonably determines to be a competitor or an officer, employee, director or holder of more than ten percent (10%) of a competitor. Each Investor acknowledges that the information received by them pursuant to this Agreement may be confidential and for its use only, and it will not reproduce, disclose or disseminate such information to any other person (other than its employees or agents having a need to know the contents of such information, and its attorneys).
  3. The covenants set forth in this Section 2 shall terminate and be of no further force and effect after the closing of the Company's Initial Public Offering.