Common use of Note Conversion Price Clause in Contracts

Note Conversion Price. The “Note Conversion Price” shall be equal to the per share issuance price of the Conversion Share issued for a Financing Event; provided that in the event the total pre-money valuation of the Company prior to such Financing Event, without taking into account of this Note and any other Notes issued under the Convertible Note Purchase Agreement or the Conversion Shares, is greater than US$350 million, the Note Conversion Price shall be equal to (x) US$350 million divided by (y) the total number of outstanding equity shares of the Company prior to such Financing Event which shall include any shares issued or reserved for issuance under any Benefit Plan of the Company, but excluding the Conversion Shares.