Definition of Post-IPO Conversion Price

  1. Post-IPO Conversion Price means, from and after an Effective Registration, the lesser of (x) the Conversion Price in effect immediately prior to the Effective Registration and (y) the product of (A) 0.90 and (B) the public offering price of the Common Stock as set forth in the final prospectus contained in the registration statement relating to such Effective Registration; provided, however, that notwithstanding anything otherwise to the contrary, the Post-IPO Conversion Price shall not equal an amount less than 50% of the Pre-IPO Conversion Price in effect immediately prior to the Effective Registration.

Definition of Post-IPO Conversion Price in Unsecured Convertible Note

Post-IPO Conversion Price means, from and after an Effective Registration, the lesser of (x) the Conversion Price in effect immediately prior to the Effective Registration and (y) the product of (A) 0.90 and (B) the public offering price of the Common Stock as set forth in the final prospectus contained in the registration statement relating to such Effective Registration; provided, however, that notwithstanding anything otherwise to the contrary, the Post-IPO Conversion Price shall not equal an amount less than 50% of the Pre-IPO Conversion Price in effect immediately prior to the Effective Registration.