Current Adjusted FDO definition
Current Adjusted FDO means (i) the number of Fully Diluted Shares (as defined below) of Common Stock of the Company determined after the close of business on the Snapshot Date with respect to which Snapshot Warrants are being issued (the “Current Snapshot Date”), minus (ii) any shares or warrants that are issued to ▇▇▇▇▇▇ under this Agreement, minus (iii) any shares or warrants (“Future Agreement Shares”) that are issued to ▇▇▇▇▇▇ under any new agreement(s) which are entered into between ▇▇▇▇▇▇ and the Company after the date hereof. “Fully Diluted Shares” shall include all of the following: (i) all outstanding shares of Common Stock of the Company, including but not limited to those owned by ▇▇▇▇▇▇ Private Equity, LLC, and (ii) all shares of Common Stock of the Company that would be issuable if all outstanding Convertible Securities (as defined below), including but not limited to those Convertible Securities owned by ▇▇▇▇▇▇ Private Equity, LLC, were converted, exchanged or exercised, in their entirety, into Common Stock of the Company on the date in question, without regard for any contractual, legal or regulatory restrictions on the exercise, conversion or exchange thereof, and without regard to whether there are a sufficient number of authorized and reserved shares to effect such conversion, exchange or exercise.