Table of Contents registration rights agreement, following the completion of this offering, the holders of an aggregate of shares of our Class A common stock and Class B common stock will be entitled to certain rights with respect to registration of their shares of Class A common stock or the shares of Class A common stock issued upon conversion of their shares of Class B common stock. We will pay the expenses (other than underwriting discounts and commissions) of the holders of the shares registered pursuant to the provisions described below. Demand Registration Rights At any time beginning 180 days after the completion of this offering, the holders of at least % of the registrable shares then outstanding can request that we register the offer and sale of their shares of Class A common stock. Such request for registration must cover securities, the anticipated aggregate public offering price of which is at least $ million, net of any underwriting discounts or commissions. We are obligated to effect only such registrations. Piggyback Registration Rights After the completion of this offering, if we propose to register the offer and sale of our Class A common stock under the Securities Act, either for our own account or for the account of other security holders, the holders of the registrable shares will be entitled to certain “piggyback” registration rights allowing the holders to include their registrable shares in such registration, subject to certain marketing and other limitations. As a result, whenever we propose to file a registration statement under the Securities Act (other than certain excluded registrations), the holders of these shares are entitled to notice of the registration and have the right, subject to certain limitations, to include their shares in the registration. S-3 Registration Rights If we are eligible to file a registration statement on Form S-3, the holders of at least % of the registrable shares then outstanding may make a written request that we register the offer and sale of their shares on a registration statement on Form S-3 so long as the request covers securities for which the anticipated aggregate public offering price is at least $ million, net of any underwriting discounts or commissions. These stockholders may make an unlimited number of requests for registration on Form S-3; however, we will not be required to effect a registration on Form S-3 if we have effected such registrations within the 12-month period preceding the date of the request. Transfer Agent and Registrar The transfer agent and registrar for our Class A common stock will be American Stock Transfer & Trust Company, LLC. Listing We intend to apply to list our Class A common stock on the under the symbol “WE”. 194