Applicable Conversion Rate. The conversion rate in effect at any -------------------------- time (the "Applicable Conversion Rate") shall be the quotient obtained by dividing (i) the Applicable Purchase Price by (ii) the Applicable Conversion Value, calculated as provided in Section 5(d).
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Applicable Conversion Rate. The conversion rate in effect at any -------------------------- time (the "Applicable Conversion Rate") shall be the quotient obtained by dividing (i) the Applicable Purchase Price $10.00 by (ii) the Applicable Conversion Value, calculated as provided in Section 5(d).
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Sources: Series B Convertible Preferred Stock Purchase Agreement (Engage Technologies Inc)