ADJUSTED OPTION CANCELLATION AMOUNT

ADJUSTED OPTION CANCELLATION AMOUNT. Means, on an Extended Option Cancellation Date, (x) if Fair Market Value determined as of such Extended Option Cancellation Date (the "RECALCULATED FMV") is equal to Fair Market Value determined as of the Option Consummation Date that was initially specified by you as such in your notice of exercise of the Option delivered pursuant to Section 11.1 (the "OCD FMV"), then the Adjusted Option Cancellation Amount shall be equal to the Option Cancellation Amount (provided that, for purposes of... determination thereof, the Investment Return Amount shall accrue to such Extended Option Cancellation Date), (y) if the Recalculated FMV is greater than the OCD FMV, then the Adjusted Option Cancellation Amount shall be equal to the sum of (i) the Option Return Amount PLUS (ii) the lesser of (A) the sum of (I) 38% of the difference between the OCD FMV minus the Original Purchase Price plus (II) 32% of the difference between the Recalculated FMV minus the OCD FMV or (B) the Investment Return Amount accrued through the Extended Option Cancellation Date, or (z) if the Recalculated FMV is less than the OCD FMV, then the Adjusted Option Cancellation Amount shall be equal to the sum of (i) the Option Return Amount plus (ii) the lesser of (A) 38% of the difference between the Recalculated FMV minus the Original Purchase Price or (B) the Investment Return Amount accrued through the Extended Option Cancellation Date, in either case less 68% of the difference between the OCD FMV minus the Recalculated FMV; provided that in no event shall the Adjusted Option Cancellation Amount be less than zero. View More