Common use of Calculation Examples Clause in Contracts

Calculation Examples. The following represent illustrative examples of the calculations set forth in SECTION 2.1 based on a hypothetical Aggregate Conversion Amount of $3,158,761.90 (assuming $7,451,978.61 in total outstanding obligations under the Subordinated Debt, MINUS the Base Amount of $4,293,216.71): EXAMPLE OF SECTION 2.1(A): IF THE EXCHANGE PRICE EQUALS $5.50, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 574,320 SHARES OF ▇▇▇▇▇▇ COMMON STOCK ($3,158,761.90 DIVIDED BY $5.50). EXAMPLE OF SECTION 2.1(B): IF THE EXCHANGE PRICE EQUALS $4.00, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 631,752 SHARES OF ▇▇▇▇▇▇ COMMON STOCK ($3,158,761.90 DIVIDED BY THE FLOOR PRICE OF $5.00). EXAMPLE OF SECTION 2.1(C): IF THE EXCHANGE PRICE EQUALS $8.00, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 451,251 SHARES OF ▇▇▇▇▇▇ COMMON STOCK ($3,158,761.90 DIVIDED BY THE CAP PRICE OF $7.00).

Calculation Examples. The following represent illustrative examples of the calculations set forth in SECTION 2.1 based on a hypothetical Aggregate Conversion Amount of $3,158,761.90 3,973,926.27 (assuming $7,451,978.61 9,375,069.89 in total outstanding obligations under the Subordinated Debt, MINUS the Base Amount of $4,293,216.715,401,143.62): EXAMPLE OF SECTION 2.1(A): IF THE EXCHANGE PRICE EQUALS $5.50, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 574,320 722,532 SHARES OF ▇▇▇▇▇▇ COMMON STOCK ($3,158,761.90 3,973,926.27) DIVIDED BY $5.50). EXAMPLE OF SECTION 2.1(B): IF THE EXCHANGE PRICE EQUALS $4.00, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 631,752 794,785 SHARES OF ▇▇▇▇▇▇ COMMON STOCK ($3,158,761.90 3,973,926.27) DIVIDED BY THE FLOOR PRICE OF $5.00). EXAMPLE OF SECTION 2.1(C): IF THE EXCHANGE PRICE EQUALS $8.00, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 451,251 567,703 SHARES OF ▇▇▇▇▇▇ COMMON STOCK ($3,158,761.90 3,973,926.27) DIVIDED BY THE CAP PRICE OF $7.00).